ABL Senior Asset Manager

Truist; Charlotte (NC); On-site; USD 180,000 - 220,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

401k plan

Paid vacation and holidays

Sick days

Job summary

Truist is seeking a senior professional to manage a portfolio of Asset Based Lending (ABL) transactions, overseeing credit quality, collateral monitoring and risk mitigation. You will work closely with Truist clients to meet needs and maintain risk tolerances, communicating clearly with internal teams to achieve revenue and financial objectives.

Ideal candidates bring deep credit risk experience, strong written and verbal communication, and a track record of developing junior talent while

Qualifications

• Strong interpersonal and communication abilities to collaborate across functions.
• Ability to clearly articulate risk and credit considerations.
• Experience in structuring, underwriting and monitoring credit portfolios.
• Knowledge of industry drivers, product positioning, structuring and risk mitigation.

Responsibilities

• Manage/mitigate credit risk of ABL portfolio transactions.
• Prepare on-time amendment memos, trend cards, and problem loan reports with accurate credit files.
• Adhere to Truist policies, processes and regulatory requirements.
• Restructure and manage problem loans with input from risk partners.
• Manage ABL credit, operational and market risk within approved risk tolerance.
• Collaborate with origination, structuring, legal, compliance and risk partners to meet objectives.
• Develop junior talent and exemplify Truist culture and values.

Skills

Interpersonal skills

Communication skills

Collaboration across teams

Credit risk know‑how

Education

BA/BS degree

MBA degree (Finance focus)

Job description

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Regular or Temporary

Regular

Language Fluency

English (Required)

Work Shift

1st shift (United States of America)

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.

• Manage/mitigate credit risk of ABL portfolio transactions.
• 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.
• Understand and adhere to various Truist policies, processes, procedures and regulatory requirements.
• Restructure and manage problem loans with input from risk partners.
• Manage ABL credit, operational and market risk within pre-approved risk tolerance levels.
• Work with originations, structuring, legal, compliance and risk partners to align strategic objectives, share market knowledge, and facilitate seamless execution.
• Work closely with and develop junior talent.
• 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.

• BA/BS degree
• 11-15 years of related work experience
• Solid subject matter expertise including knowledge of industry drivers, product positioning, structuring and risk mitigation.
• Demonstrated ability to collaborate across functional areas to resolve complex issues
• Strong interpersonal skills which foster teamwork, trust, creativity/innovation and accountability
• Ability to communicate clearly, concisely and insightfully

Preferred Qualifications

• MBA degree, with a Finance focus
• Diversified product structuring/underwriting/portfolio management experience

The annual base salary for this position is $200,000.

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.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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