Asset-Based Lending Portfolio Manager

Citizens Financial Group•Boston, MA

6d•$160,000 - $180,000

About The Position

This professional is responsible for all aspects of portfolio management including transaction structuring, underwriting, credit approval, portfolio monitoring and problem loan identification for a portfolio that may consist of core Asset Based Lending (ABL), retailers and lender finance clients. ABL is a product for the bank. The ABL team is active on sponsor and restructuring credits as well. This position will report to the Head of ABL Portfolio Management. In addition this senior team member will: Prepare and approve credit requests providing critical views on the business, amendments and restructures Assesses credit issues, performance and industry trends, appropriateness of structural terms and conditions, compliance with policy and underwriting guidelines and provides recommendations to improve structure and mitigate risks Review and help on-board new ABL credits Help mentor more junior portfolio managers and analysts within the ABL group. Assist in achieving satisfactory or better ratings from Credit Review and Compliance and meet compliance targets for annual reviews, risk ratings, and covenant compliance monitoring. Liaise with portfolio management team leaders, credit risk and workout colleagues on deteriorating credits Partner with product and operations units including loan operations, cash management, derivatives, corporate card, leasing, to proactively manage issues so that revenue opportunities are maximized and customer satisfaction is maintained

Requirements

8 plus years Asset Based Lending and/or Commercial Banking senior portfolio management experience with sole bank, agented and club transactions.
Experience in working out, including liquidation, of challenging ABL is preferred
Balanced approach to enable focus on both business unit goals and risk management objectives
Strong understanding of general credit and risk principles, mitigants, and banking policies and procedures
Experienced in developing and implementing tactical solutions in support of structuring new and existing ABL credits
Able to multi task and function under pressure to meet deadlines
Strong written and verbal communication and negotiation skills
BA/BS degree, and/or MBA preferably in Finance, Business Administration or Accounting

Nice To Haves

Experience in working out, including liquidation, of challenging ABL is preferred

Responsibilities

Prepare and approve credit requests providing critical views on the business, amendments and restructures
Assesses credit issues, performance and industry trends, appropriateness of structural terms and conditions, compliance with policy and underwriting guidelines and provides recommendations to improve structure and mitigate risks
Review and help on-board new ABL credits
Help mentor more junior portfolio managers and analysts within the ABL group.
Assist in achieving satisfactory or better ratings from Credit Review and Compliance and meet compliance targets for annual reviews, risk ratings, and covenant compliance monitoring.
Liaise with portfolio management team leaders, credit risk and workout colleagues on deteriorating credits
Partner with product and operations units including loan operations, cash management, derivatives, corporate card, leasing, to proactively manage issues so that revenue opportunities are maximized and customer satisfaction is maintained