Associate, Client Success

Summary

The job is for an Associate within the Client Success team at Sotheby’s Financial Services. The role involves underwriting, collateral management, and portfolio management responsibilities. The ideal candidate should have a Bachelor's Degree, 3+ years of professional experience, preferably in a client-facing financial services role.

Requirements

• Bachelor's Degree required
• 3+ years of professional experience, preferably in a client-facing financial services role

Responsibilities

• Underwriting: Coordinate with Sotheby’s auction house departments to complete all diligence and underwriting requirements per the SFS Loan Policy. Liaise with clients to gather necessary supporting documentation. Produce credit approval memos and contract checklists for all new loans, amendments, renewals and consignments
• Collateral Management: Coordinate the initial valuation of collateral, manage any recurring valuation requirements for active loans. Liaise with insurance providers to ensure all collateral is properly covered for the life of the loan. Track and manage collateral by coordinating property receipt, releases, viewings, and restoration; interacting with third-party stakeholders including warehouses, shippers, museums, clients, and restorers, as necessary
• Portfolio Management: Monitor active loan portfolio to minimize risk of default and to ensure compliance with SFS underwriting policies and external financing facilities. Monitor performance of all active loans to ensure timely payment and assist in resolution of default situations. Engage with client and internal resources to identify, prioritize, and execute on client requests efficiently and effectively. Manage information requests from internal finance teams and external auditors. Identify areas of improvement, and participate in efforts to implement solutions and scale SFS business as needed

Preferred Qualifications

Prior art experience is not required, but an interest or curiosity in art or other luxury objects is encouraged

Benefits

The proposed base salary for this position ranges from $70,000-$90,000. In addition to base salary successful candidates are eligible to receive a discretionary bonus