ABL Underwriter/Portfolio Manager, Sr

Synovus•Atlanta, GA

About The Position

Responsible for managing the documentation and closing of Asset Based Loans to qualified bank clients, as well as managing a portfolio of assigned ABL relationships in adherence with bank policies and procedures. ABL loans can present a higher risk to the bank if not properly managed and constantly monitored. Responsibilities include working closely with bankers, credit personnel and management throughout the Synovus footprint to assure proper management of ABL relationships, as well as developing strategies to address opportunities or weaknesses in the relationships that need to be addressed. ABL facilities are typically $3MM to $30MM in size with various stages of complexity. The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. Synovus is an Equal Opportunity Employer committed to fostering an inclusive work environment.

Requirements

Bachelor's Degree in Business Administration, Finance, Accounting, or related field, or an equivalent combination of education and experience
Eight (8) years of lending experience as a Commercial Lender with at least five (5) as an Asset Based Lender
Advanced knowledge of ABL loan regulations
Knowledge of ABL lending systems
Proven strong credit and analytical skills, with ability to analyze complicated borrower requests
Ability to gather information and provide appropriate solutions
Ability to effectively communicate with borrower's senior management, Synovus lenders and management, and outside professionals
Proven management skills
Strong customer service skills
Organizational skills and attention to detail
Strong oral and written communication skills

Nice To Haves

Proficient with Microsoft Word, Excel, and PowerPoint
Knowledge of STUCKY ABL system
Experience with problem loans

Responsibilities

Performs on-going borrower relationship development and maintenance, including client on-site visits and telephone contact with borrower's senior management to maintain effective knowledge of the borrower's current performance and future needs and strategies.
Assists Commercial and Corporate Bankers within the Synovus system with the qualification of prospects as potential ABL customers.
Works closely with Bankers and ABL senior management during the new deal process, including reviewing field exams, reviewing loan approval forms, determining reporting requirements, determining borrowing base requirements, reviewing loan documents with borrower and attorney, and establishing relationships with borrower's management.
Reviews and evaluates monthly financial and collateral performance, including spreading and analyzing financial statements and budgets, reviewing collateral trends, and verifying borrower compliance with all financial covenants and reporting requirements. Ensures compliance with Synovus corporate policies and procedures.
Assumes responsibility for the ABL relationship once the loan has closed, including handling any advance requests, assuring borrower is performing in compliance with covenants, and recommending changes to existing relationship to Bankers and ABL Senior Management. Assumes a leadership role in the ABL Department assisting others in portfolio manager or new business activities as needed.
Develops a comprehensive understanding of borrower's performance based on the monthly review and analysis of financial data and trends, in order to proactively address any needs or issues the borrower may have.
Responsible for maintaining the credit quality of the assigned portfolio by constant management and monitoring, reacting quickly and developing strategies for addressing weaknesses or changes in the borrowers performance or collateral. Makes the necessary recommendations to ABL management and Synovus lenders to protect the assets of the bank.
Responsible for maintaining the credit quality of the ABL portfolio by reacting quickly and developing strategies for addressing weaknesses in borrowers' performance or collateral.
May supervise lower-level ABL Portfolio Managers. Provides leadership, direction and growth opportunities, performing those responsibilities in accordance with the Company's policies and applicable laws. May participate in interviewing, hiring, planning, assigning or directing work, appraising performance if requested by division leadership. May work with division leadership to resolve more complex team member-related issues.
Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.
Performs other duties and responsibilities as directed by the Sr. Director, Asset Based Lending.