Asset Based Lending Portfolio Manager II

Fifth Third Bank • Chicago, IL

1d • $82,100 - $172,500 • Hybrid

About The Position

Manages the ongoing credit risk of a portfolio of ABL relationships and participates in portfolio meetings with senior management. Develops and maintains external relationships with assigned customers, including regular client meetings and business development calls, helping to ensure customer satisfaction and retention. Should be able to independently attend client meetings with assigned clients. Work with manager on complex/most 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 trend cards/portfolio review forms, credit files and legal files through our departments’ resources. Capture and document credit decisions, conditions, and modifications. Notes negative trends early and strategizes best solutions for bank, through maintaining trend cards/portfolio review forms, preparing and presenting credit write-ups and watch asset reports. Consistently evaluate/update 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 basic understanding secured transaction laws and creditor rights and shows a strong interest in further developing that knowledge. Mentor to more junior team members including Credit Analysts and Associates. Performs additional job related duties as assigned.

Requirements

• Bachelor's degree in Business (e.g. Business Administration, Finance, or Accounting).
• 6 years credit analysis and/or loan review experience in Commercial Banking.
• Minimum 3 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.
• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
• Ability to write reports, business correspondence, and procedure manuals.
• Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
• Advanced analytical skills, critical thinking and verbal and written communication skills.
• Professional presence (client-facing).
• Experience managing an advanced commercial client portfolio with some degree of complexity.
• Ability to partner with all deal stakeholders including clients, relationship manager and credit teams.
• Expertise in financial and risk analysis, including financial modeling.
• Demonstrated expertise in using effective problem solving.
• Intermediate knowledge of Word and Excel spreadsheet software.
• Proficient with technology and ability to learn new applications.

Nice To Haves

• Should have a understanding of the ABL legal environment including a basic understanding secured transaction laws and creditor rights and shows a strong interest in further developing that knowledge.

Responsibilities

• Manages the ongoing credit risk of a portfolio of ABL relationships and participates in portfolio meetings with senior management.
• Develops and maintains external relationships with assigned customers, including regular client meetings and business development calls, helping to ensure customer satisfaction and retention.
• 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 trend cards/portfolio review forms, credit files and legal files through our departments’ resources.
• Capture and document credit decisions, conditions, and modifications.
• Notes negative trends early and strategizes best solutions for bank, through maintaining trend cards/portfolio review forms, preparing and presenting credit write-ups and watch asset reports.
• Consistently evaluate/update 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.
• Mentor to more junior team members including Credit Analysts and Associates.
• Performs 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 our employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

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