ABL Associate

Fifth Third Bank • Chicago, IL

4d • $71,100 - $145,900 • Onsite

About The Position

Fifth Third Bank is seeking an ABL Associate to join their team. This role involves supporting day-to-day coverage, origination, and transaction management for existing and prospective clients, including covered Sponsors. The Associate will prioritize and support a pipeline of ABL financing opportunities, assist with underwriting approval and loan closing processes, and potentially manage the ongoing credit risk of a basic portfolio of ABL relationships. The position requires applying knowledge of credit analysis, asset-based lending, and capital markets activity, as well as mentoring junior team members and maintaining continuous learning to stay updated on market dynamics. A basic familiarity with the ABL legal environment is also necessary, along with a strong interest in further developing this knowledge. All required compliance training must be successfully completed, and additional job-related duties may be assigned.

Requirements

• Bachelor's degree required, ideally with concentration in Business, Finance or Accounting.
• 3-5 years credit analysis and/or loan review or underwriting experience in Commercial Banking including 1+ years of experience in an Asset Based Lending environment, in underwriting or field examination, or as a loan officer; or equivalent combination of education and experience is preferred.
• Familiarity with credit policies, procedures, and terminology.
• Strong interpersonal and relationship building skills.
• Analytical skills, critical thinking and verbal and written communication skills.
• Intermediate knowledge of Word, PowerPoint and Excel spreadsheet software.
• Proficient with technology and ability to learn new applications including commercial loan administration systems.
• Emerging professional proficiency, generally acquired through 3-5 years of relevant work or internship experience in finance, accounting, or a related field.
• Strong organizational and time management skills, with a proven ability to work efficiently, prioritize tasks, and meet deadlines in a dynamic environment.

Nice To Haves

• Knowledge of asset-based lending, private equity, capital markets, merger and acquisition structures, and experience with credit analysis is a plus.
• Experience in originating and executing complex financial transactions is a plus.
• Ability to structure ABL transactions, evaluate collateral quality, and apply knowledge of secured transaction laws and creditor rights.
• Skilled in influencing stakeholders, managing client expectations, and fostering long-term partnerships to drive origination and portfolio growth.
• Ability to mentor analysts, delegate tasks effectively, and contribute to team development while ensuring compliance and operational excellence.
• Proactive in industry research, adaptable to changing conditions, and committed to expanding expertise in legal, tax, and regulatory aspects of ABL.

Responsibilities

• Support day-to-day coverage, origination, and transaction management responsibilities for existing and prospective clients including covered Sponsors.
• Prioritize and support a pipeline of ABL financing opportunities.
• Support underwriting approval and loan closing processes including loan systems setup and administration and preparation of presentation materials for credit approval.
• May manage the ongoing credit risk of a basic portfolio of ABL relationships and participate in portfolio meetings with senior management.
• May maintain up to date trend cards/portfolio review forms, credit files and legal files through our departments’ resources and capture and document credit decisions, conditions, and modifications.
• Supports multiple opportunities, partnerships and routines with key internal deal team members.
• Develops and maintains internal relationships with the coverage team including Relationship Managers/Credit Risk Officers.
• Develops and maintains external relationships with assigned customers, including regular client meetings and business development calls, helping to ensure customer satisfaction and retention.
• Apply knowledge of credit analysis, asset-based lending and capital markets activity.
• Mentor more junior team members including analysts.
• Maintain a focus on continuous learning to keep up with ever-changing market dynamics.
• Basic familiarity with the ABL legal environment, including secured transaction laws and creditor rights, with a strong interest in further developing that knowledge.
• Required to successfully complete all required compliance training.
• Perform additional job related duties as assigned.

Benefits

• Comprehensive benefits and differentiated compensation offerings
• Eligible to participate in an incentive compensation plan
• Extensive benefits programs designed to support the individual needs of employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level