ABL Senior Asset Manager

Truist Financial Corporation; Atlanta (GA); On-site; USD 85,000 - 120,000; Full time

Job summary

A leading financial services corporation is seeking a qualified candidate to manage a portfolio of Asset Based Lending transactions. The successful applicant will ensure credit quality, comply with operational regulations, and work to meet client needs while achieving company financial goals. Ideal candidates will have extensive experience in financial analysis and strong interpersonal skills. The company offers competitive compensation and a comprehensive benefits package including medical, dental, and a robust 401k plan.

Benefits

Medical, dental, and vision insurance

401k plan with employer match

10 days of vacation and 10 sick days

Paid holidays

Qualifications

• 7-11 years of related work experience required.
• Strong communication and collaboration skills.
• Ability to manage credit and operational risk.

Responsibilities

• Manage and mitigate credit risk of ABL portfolio transactions.
• Complete on-time, accurate amendment memos and risk ratings.
• Work with multiple functional groups to meet financial objectives.

Skills

Analytical Skills

Financial Analysis

Interpersonal Skills

Technical Skills

Education

BA/BS degree

MBA degree (Preferred)

Job description

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Job Grade:

113

Please review the following job description:

Manage a portfolio of Asset Based Lending (ABL) transaction for the overall credit quality, collateral monitoring financial analysis, risk mitigation while adhering to all operational/regulatory compliance. Work closely with Truist clients to manage the ABL loans, meet client needs and to perform ongoing portfolio monitoring within Truist risk tolerances. Actively work with other functional groups to ensure ABL attains its revenue, income, credit quality and other financial objectives. Teammates should have strong written and verbal communication skills.

Essential Duties and Responsibilities

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

1. Manage/mitigate credit risk of ABL portfolio transactions.
2. Complete on-time, accurate, well-articulated amendment memos, trend cards, and problem loan reports; maintain risk ratings and financial spread; maintain credit files, manage collateral diligence including review and analysis of field exams and appraisals and maintain regulatory requirements.
3. Understand and adhere to various Truist policies, processes, procedures and regulatory requirements.
4. Restructure and manage problem loans with input from risk partners.
5. Manage ABL credit, operational and market risk within pre-approved risk tolerance levels.
6. Work with originations, structuring, legal, compliance and risk partners to align strategic objectives, share market knowledge, and facilitate seamless execution.
7. Work closely with and develop junior talent.
8. Demonstrate Truist culture and values.

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. BA/BS degree
2. 7-11 years of related work experience
3. Strong technical skills, (including financial analysis, modeling,)
4. Demonstrated analytical skills – ability to distill complex data into concise and relevant issues.
5. Strong interpersonal skills which foster teamwork, trust and accountability
6. Demonstrated ability to collaborate across functional areas to facilitate execution

Preferred Qualifications:

1. MBA degree, with a Finance focus
2. Diversified product structuring/underwriting/portfolio management experience

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.