AVP - VP, Senior Underwriter Portfolio Manager-ABL Working Capital (hybrid) NY, NJ, CA

First Citizens Bank • Santa Monica, CA

100d • $120,000 - $170,000

About The Position

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office based in New York, New Jersey, California. The AVP - VP, Underwriting Portfolio Manager - Asset Based Lending Working Capital is responsible for the underwriting as well as portfolio management of Asset Based Lending (ABL) financing transactions. Responsible for analysis, reporting, and purchase or liquidation of assets within the portfolio. Monitors regulatory requirements and market trends, and modifies strategies as needed. Performs all activities to maximize value while minimizing risk, developing reports, dashboards, and other methods of evaluation to communicate status with the appropriate stakeholders.

Requirements

• Bachelor's Degree and 6 years of experience in Credit analysis, underwriting or Risk Management OR High School Diploma or GED and 10 years of experience in Credit analysis, underwriting or Risk Management.
• Bachelor’s Degree in Business, Finance or related subject.
• 5 years of Asset Based Lending Working Capital experience.
• Experience with determining the engagement scope and analysis of third-party field exam and appraisal reports.
• 5 years portfolio management experience.
• Lead Agent and Direct account relationship role experience preferred.
• Ability to lead new underwriting opportunities from customer introduction through credit approval and negotiate legal documentation.
• Formal credit training.

Nice To Haves

• Bachelor’s Degree in Business, Finance or related subject.
• 3 years of Asset Based and/or Specialty Finance Lending, Working Capital experience for loans with borrowing base structures.
• Experience with analysis of third party field exam, appraisal and/or investment valuation reports.
• 2 years portfolio management experience.
• Ability to support new underwriting opportunities from customer introduction through credit approval and legal documentation.
• Formal credit training.

Responsibilities

• Leads the underwriting of credit actions according to applicable regulations, procedures, and guidelines.
• Interacts directly with customers to gather information throughout the approval process and to determine the viability of repayment.
• Reviews financial statements, communicates with customers or prospects, and performs analysis to recommend credit grades, covenants, and appropriate loan structuring.
• Ensures all involved parties are updated on underwriting progress and outcome.
• Provides leadership in daily activities through underwriting production and credit analysis expertise.
• Enhances Bank earnings through the recommendation and execution of portfolio transactions and by ensuring adequate liquidity to support balance sheet growth is available at all times.
• Confirms portfolio transactions are properly executed and carry an acceptable amount of risk.
• Supports liquidity management, stress testing, assumption updates, and model validation.
• Creates reports for management and regulators on portfolio composition, return, and risk.
• Performs analysis on portfolio positions and assists in liquidity management.
• Sources, compiles, and interprets financial data to support structuring and approval of loans.
• Reviews industry information and comparisons, key risks and mitigants, and collaterals to form a general business overview of the borrower.
• Utilizes results of analysis to underwrite complex loans.
• Identifies risks through reviews, analysis, and research of new and existing loans.
• Works closely with Bank associates and partners to resolve risk issues, communicating review schedule and potential changes in the portfolio.
• Assists in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and management.
• May assist in the development of strategies to manage risk within the credit portfolio.

Benefits

• Competitive, thoughtfully designed and quality benefits program.

What This Job Offers

• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees