Special Assets Portfolio Manager II

Fifth Third Bank • Grand Rapids, MI

12h

About The Position

The Special Assets Portfolio Manager II manages a portfolio of complex, typically larger stressed banking relationships as a member of the coverage team. The role involves reviewing updated financial statements, monitoring customer and loan performance, and coordinating with Credit Analysts, SAG Relationship Managers, Workout Officers, and other partners. The position focuses on underwriting and preparing approval memoranda for renewals, changes in terms, and forbearance agreements, and on providing recommendations and input on credit decisions, action plans, and deal structures.

The portfolio manager monitors payments, past-due accounts, loan collateral and inspections, maturities, monetary and covenant compliance, and financial-statement reporting. The role also supports detailed reviews of high-risk relationships, loan bookings and closings, collateral assessment, documentation, and ongoing customer and industry performance monitoring. Client contact may involve difficult credit relationships and confrontational situations. The position mentors Credit Analysts and junior Portfolio Managers and operates within the bank’s risk appetite and policies while supporting positive customer experiences.

Requirements

• Bachelor’s degree in accounting, finance, or economics, or equivalent experience.
• At least 6 years of credit analysis and/or loan review experience in the banking industry, or relevant experience.
• Strong analytical and critical-thinking skills.
• Strong verbal and written communication skills.
• Professional presence and ability to communicate effectively with clients, consultants, bank group members, and internal bank partners.
• Expertise in financial and risk analysis and effective problem-solving.
• Proficiency with software applications such as Microsoft Word and Excel.

Nice To Haves

• Familiarity with the bank’s internal applications.

Responsibilities

• Manage a portfolio of accounts in support of the Special Assets Director, Team Leader, and/or Workout Officers.
• Review financial statements and monitor stressed banking relationships, customer performance, loan status, payments, past-due accounts, maturities, collateral, and compliance.
• Prepare approval memoranda and make recommendations for credit decisions, renewals, changes in terms, and forbearance agreements.
• Provide input to deal teams on action plans and deal structure.
• Value collateral and assess collateral position relative to loan outstandings.
• Coordinate with Credit Analysts, SAG Relationship Managers, Workout Officers, clients, consultants, bank group members, internal partners, and legal counsel as needed.
• Assist Workout Officers in gathering credit, collateral, SBA, shadow, side, and other files for thorough reviews of high-risk relationships.
• Analyze balance-sheet leverage and liquidity, income-statement margins and profitability or loss, operating cash flows, collateral liquidation coverage, guarantor liquidity, and personal credit trends.
• Prepare, review, document, and forward executed loan documents to the appropriate fulfillment center to ensure Special Assets Group loans are booked correctly in the AFS system.
• Develop working knowledge of assigned customers and businesses.
• Monitor drafting of forbearance agreements and loan documents, including third-party document coordination, completion, and review.
• Ensure proper credit approval is obtained for new and renewal credit requests and collect and review required collateral information.
• Monitor customer performance, abilities, and industry trends, including statements, covenants, insurance tracking, Dual Risk ratings, Regulatory Ratings, and Administrative Loan Status Reports.
• Assist with due diligence and review commercial loan documentation for exceptions or deficiencies; engage the Real Estate Review Group when appropriate.
• Process new loan transfers, including due diligence on approval documents, current situations, and legal opinions.
• Assist Workout Officers with required ALSR forms and deadlines for ALSR and Portfolio Review meetings.
• Attend client, ALSR, Portfolio Review, and other meetings as needed.
• Complete non-accrual and charge-off memoranda as required.
• Mentor Credit Analysts and more junior Portfolio Managers.
• Perform other special projects and detailed analyses as required.

Benefits

• Comprehensive benefits programs supporting employees’ and families’ physical, financial, emotional, and social well-being.
• Eligibility to participate in an incentive compensation plan, with payments based on company, line of business, and/or individual performance.

What This Job Offers

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