Fund Finance, Portfolio Manager, Associate/ VP

ING; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading financial institution in London is seeking a Portfolio Management Associate or VP specializing in Funds Finance. This role involves managing a portfolio of transactions, conducting financial analysis, and collaborating with various stakeholders. The ideal candidate will have a degree and at least 3 years of experience in Funds finance, alongside strong financial analysis and modeling skills. This position offers a fruitful career path in a dynamic environment.

Benefits

Hybrid working pattern

Work-life balance initiatives

Collaborative culture

Qualifications

• Minimum 3 years of Funds finance experience required.
• Strong financial and credit analysis capabilities needed.
• Proficient in MS Excel, Word and Powerpoint.

Responsibilities

• Manage a portfolio of Funds Finance transactions.
• Deliver high quality reviews of the Borrowers in your portfolio.
• Collaborate with senior colleagues on credit modifications.

Skills

Funds finance experience

Financial and credit analysis

Financial modelling

MS Excel proficiency

MS Word proficiency

MS Powerpoint proficiency

Education

Degree level education

Job description

ING operate a family, friendly hybrid working pattern. This role is available on a full time basis but may also be suitable for someone with solid Fund Finance Portfolio Management experience interested in working a 4 - 4.5 day week.

Department Overview:

The Sectors Portfolio Management (PM) team aims to be the ‘center of excellence’ for the in-life management of ING’s lending exposures to multiple sectors. It is a front office team that covers all activities post the initial funding to the final repayment of a lending transaction.

The Sectors PM team monitors the performance of all sector-driven lending transactions in the UK and respond to requests from the client including facility extensions, amendments and waivers (plus other ad hoc requests).

The position involves contact with clients, other banks, legal advisors and frequent cooperation with internal departments such as Sector Origination, Transaction Management, Credit Risk Management, Legal and Deal Execution.

The Sectors PM team is looking to hire a portfolio management associate or VP specializing in Funds Finance but you will also be exposed to and expected to work with other sectors in which ING London specializes.

Candidate Profile

Qualification/Education
Essential:

• Degree level education

Experience/Knowledge
Essential:

• Minimum 3 years of Funds finance experience
• Strong financial and credit analysis capabilities
• Strong financial modelling capabilities
• Proficient in MS Excel, Word and Powerpoint

Main Duties and Responsibilities of Role:

You will manage a portfolio of Funds Finance transactions across capital call and NAV finance working closely with senior colleagues and other stakeholders.

In line with the Bank’s policies and objectives, you will provide file analysis and monitoring (including periodic covenant management, identification and resolution of early warning signals and risk rating reviews) and will be responsible for delivering high quality reviews of the Borrowers in your portfolio. This will include, but is not limited to, market updates on the client and sector it operates, performance updates received from the client, ESG analysis and review of financial information/models.

For credit modifications (amendments/waivers) or refinancings within your portfolio, you will work alongside senior colleagues to deliver these in line with internal credit risk timeframes and client deadlines. This may also involve reviewing legal documentation for accuracy, internal compliance and commercial risk mitigation, alongside ING’s in-house legal teams.

Other responsibilities will include portfolio initiatives such as external ratings, or other portfolio risk management tools.

• Deliver reports required by colleagues in credit risk management, internal / external auditors as well as the Bank’s regulators.
• As a front office department, PM collaborates closely with origination colleagues and product specialists to ensure a seamless client experience.
• Maintain relationships and liaise with internal functions such as Credit Risk, Operations and where necessary Global Credit Restructuring.
• Responsible for the acceptance of new transactions into your portfolio and management of offboarding or handover of files when appropriate
• Updating the database which houses data of the LPs which ING Fund finance lend to in an accurate and timely manner.
• Participate in discussions with borrowers, advisors and facility agents, where necessary and appropriate

Personal Competencies

• Ability to thrive in a fast-paced environment with multiple competing priorities and tight deadlines
• Excellent presentation and communication skills
• Committed and entrepreneurial individual who is prepared to learn about new industry sectors
• Understanding of risks and ability to assess potential mitigants
• General knowledge of legal documentation and transaction structuring
• Self-motivated, positive attitude and professional demeanour

ING’s purpose is ‘Empowering people to stay a step ahead in life and in business’. Every ING colleague is given the opportunity to contribute to that vision. We champion self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of ING Values (we are honest; we are prudent; we are responsible) and ING Behaviours: (you take it on and make it happen; you help others to be successful; you are always a step ahead)

For us, success will only be achieved if we act with Integrity.

Some companies see diversity as a box to be ticked. We see it as fundamental to our success and we encourage a proper work/life balance. At ING, you will be judged on your performance in line with the Orange Code. And that’s a promise.