Ayodele Nero Email & Phone Number

New York, United States

New York, New York, United States

New York, Ny

Crestmark Bank, New York, NYVice President/Account Executive – Trade Services• Core job responsibility is to manage a portfolio of 30 accounts (approximately $30 million in Factoring volume), while still maintaining a minor Underwriter position responsible for underwriting smaller Trade Services deals with a maximum loan facility of $750KAssistant Vice President/Underwriter – Trade Services• Reviewed, adjudicated, and underwrote factoring loans to ensure soundness, business value and compliance with company standards. Underwrote $20 million in loans in eighteen months. • Independently conducted detailed analysis of financial results and projections, review field examination reports when necessary, business and industry factors, credit experience, and management ability and collateral quality of perspective borrowers.• Developed strong partnerships with business development team and other internal referral sources to render credit decisions or recommendations in short turn around cycle.• Recruited to rejoin the Account Executive department given departments’ needs, based on portfolio knowledge, client relationship and previous performance experience. Assistant Vice President/Account Executive – Trade Services• Relationship and profitability responsibility for a portfolio of 40 Trade Services accounts ($20 million volume) in the company’s factoring portfolio. Maintained 95% retention rate • Sat on various management committees including the Information Technology committee with the responsibility of providing feedback on systems improvement/implementations to enhance day-to-day operations for the Trade Services division. Also sat on the Employee Relations committee responsible for implementing a management training programs.

Relationship and profitability responsibility for a portfolio of ten commercial accounts ($80 million revenue) in the company's factoring portfolio.Provide management support for factoring portfolio of twenty accounts. This includes the spreading, reconciling and analyzing of financial statements and cash flows, preparation of Profitability of Default and Loss Given Default reports, and the compilation of account packages for presentation to the various credit committees. Underwriter - Commercial ServicesReviewed, adjudicated, underwrote factoring and asset based loans to ensure soundness, business value and compliance with company standards. Underwrote $50 million in loans in eight month period. Independently conducted detailed analysis of financial results and projections, business and industry factors, credit experience, and management ability and collateral quality of perspective borrowers.Developed strong partnerships with business development team and other internal referral sources to render credit decisions or recommendations in short turn around cycle.Recruited to assist in the Account Executive department given departments' needs, based on previous performance in the department and past lending

Full relationship and profitability responsibility for two commercial accounts ($10 million revenue) in company's factoring practice.Provided management support for factoring portfolio of approximately seventy-five small to corporate-sized accounts.Produced monthly, quarterly and annual financial spreads, engaging clients to reconcile any reported variances in retained earnings.Modeled and reconciled cash flow projections, determining account cash requirement through sales trend analysis, inventory monitoring, and loan balance reviews.Conducted fiscal year-end review of accounts' sales, margin and profitability performance.Ensured account compliance with approved credit terms and covenants.

Successfully completed a fifteen-month Management Associate program developing skills in the areas of Field Examination and Account Executive.

Aerospace Provided servicing support for company's aerospace portfolio (105 accounts).Prepared semi-annual and annual reviews on each client's financial and operating performance, and recommended corrective actions as needed.Analyzed industry production trends and financial performance.

Set-up new accounts, executed wire transfers, stop payments and other banking transactions, and handled customer queries.Cross-sold banking instruments and services.

Duties included data entry, providing quotes and other purchase order support, and managing purchase orders from inception through delivery.

Managed suite of overdraft facility and loan products for portfolio of middle market clients. Performed underwriting duties for any new financing.Monitored accounts to ensure compliance with terms of credit agreement. Assessed client needs and cross-sold relevant bank services and instruments.Developed and maintained knowledge base of competitors' services, and credit terms and conditions.

Certificate, Credit And Risk Analysis

Bsc, Economics

Bsc Economics

Bachelor Of Science, Economics

Education record