ABL Portfolio Management Executive Director

Fifth Third Bank•Cincinnati, OH

About The Position

Make banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. The listed locations are preferred; we will consider applicants in other markets. GENERAL FUNCTION: The Senior Director, ABL Portfolio Management participates in the execution and achievement of the Fifth Third Commercial Bank’s Asset Based Lending (ABL) strategic initiatives through day-to-day relationship management of the most complex portfolio of ABL customers. The Senior Director, ABL Portfolio Management is the primary member of the ABL coverage team, managing all aspects of the ABL transaction. Senior Directors are expected to be intimately involved in the deal process, making recommendations on appropriate credit structures, collateral matters, risk ratings, etc. Senior Directors are directly accountable for managing a portfolio of accounts through review of financial statements, collateral reporting (including borrowing base certificates, inventory and fixed asset appraisals and field exams), and partnership with Relationship Managers. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following bank policies and procedures. Accountable for always doing the right thing for customers and colleagues and ensure that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks.

Requirements

Bachelor's degree in business (e.g. Business Administration, Finance, or Accounting).
12-15 years of credit analysis and/or loan review experience in Commercial Banking.
Minimum 10 years of experience in an Asset Based Lending environment, in underwriting or as a portfolio manager; or equivalent combination of education and experience.
Advanced analytical skills, critical thinking and verbal and written communication skills.
Professional presence (client-facing).
Experience managing an ABL client portfolio with some degree of complexity, including workout situations.
Ability to partner with all deal stakeholders including clients, relationship managers and credit teams.
Expertise in financial and risk analysis, including financial modeling.
Demonstrated expertise in using effective problem solving.
To perform this job successfully, an individual should have intermediate knowledge of Word and Excel spreadsheet software.
Proficient with technology and ability to learn new applications.

Responsibilities

Manages the ongoing credit risk of the most complex portfolio of ABL relationships and participates in portfolio meetings with senior management.
Develops and maintains external relationships with assigned customers, including regular client meetings, helping to ensure customer satisfaction and retention.
Should be able to independently attend client meetings with assigned clients and work independently on complex/ clients and workouts.
Ensures ongoing customer satisfaction through managing both the loan structure and customer interface with line and support functions who service their accounts.
Develops and maintains internal relationships with the coverage team including Relationship Managers/Credit Risk Officers.
Develops and executes appropriate strategies for problem clients with minimal supervision.
Maintains up to date portfolio review forms, credit files and legal files through our department's resources.
Capture and document credit decisions, conditions, and modifications.
Notes negative trends early and strategizes best solutions for bank, through maintaining portfolio review forms, preparing and presenting credit write-ups and watch asset reports.
Consistently evaluates/updates risk rating analysis including overall ratings, PD and LGD.
Monitors timeliness of reporting, tickler information and ensures bank has accurate information to make decisions and be expert on the accounts and their credit files.
A focus on continuous learning to keep up with ever-changing market dynamics.
Should have a understanding of the ABL legal environment including a strong knowledge of credit agreement and ancillary document terms.
Mentors more junior team members including Credit Analysts, Associates, Principals, and Directors.
Performs additional job related duties as assigned.