The position is responsible for portfolio administration and projects related to Comerica Capital Advisors (stand-alone subsidiary of Comerica Incorporated) and Comerica's warrant portfolio. Additionally, the position supports the long-term strategy and related reporting, analysis, and projects.
Position Responsibilities
- Active role in the management and administration of 700 - 800 individual warrant positions that generated proceeds of approximately $50 million over the last several years.
- Negotiate legal agreements for warrant transactions; involve and assist in the coordination of attorneys; recommends course of action to management including assessment risks and potential liabilities.
- Active role in the management and administration of granular portfolio of equity investments. This includes underwriting new investments; day-to-day operations and reporting, including capital calls and distributions, tracking of financials, valuations, Volcker Rule certifications, Comerica Capital Advisors and Comerica Ventures Board reporting, and quarterly regulatory reporting for investment portfolios.
- Perform ad hoc analysis, reporting and research. Assist in performing detailed financial studies that look to accurately measure the risks and rewards of a myriad of situations confronting the Corporation.
- Actively participate in the audit and examination process, helping to ensure that all issues are addressed within agreed upon time frames.
- Active role in risk management to identify and mitigate any risk facing the Corporation.
Position Qualifications
- Bachelor's Degree from an accrediting university in Accounting or Financial discipline required
- 4 years of progressive experience in performing financial analysis, particularly as it applies to the financial services industry
- 3 years of experience using Excel; including pivot tables, graphs, etc.
- 3 years of experience in financial analysis and/or modeling
- 1 year of experience managing small to medium projects
- 1 year of experience working with legal documents
Work Best Category
Category C - Days in the office will either be designated days or will vary week to week from 2-5 days
Hours
8:00am - 5:00pm Monday - Friday
Salary
To Be Determined Based on Individual Experience
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check. Your fingerprints will be used to check the criminal history records of the FBI and may be subscribed in the FBI’s Record of Arrest and Prosecution Background (“RAP Back”) service, which provides ongoing notification to the Company of any updates to your criminal history.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer – disability/veteran.
