ABL Senior Asset Manager

Truist; Chicago (IL); On-site; USD 180,000 - 220,000; Full time

Benefits offered by this job

Medical

Dental

Vision

Life Insurance

Disability

AD&D

401k

Vacation

Sick days

Paid holidays

Pension plan

RSUs

Deferred compensation

Job summary

Truist in Chicago seeks a senior professional to manage an Asset Based Lending portfolio, monitor credit quality, collateral, and risk, and coordinate with risk partners to meet revenue and risk objectives.

The role requires a BA/BS, 11–15 years of experience, and an MBA with finance focus preferred, plus strong written and verbal communication. Regular first shift with a comprehensive benefits package is offered.

Qualifications

• BA/BS degree required; 11–15 years of related experience preferred.
• Strong knowledge of industry drivers, product positioning, structuring and risk mitigation.
• Demonstrated ability to collaborate across functional areas to resolve complex issues.
• Excellent written and verbal communication skills.

Responsibilities

• Manage/mitigate credit risk of ABL portfolio transactions.
• Prepare amendment memos, trend cards, and problem loan reports with accurate risk ratings.
• Maintain credit files, collateral diligence, including field exams and appraisals.
• Adhere to Truist policies, processes and regulatory requirements.
• Restructure and manage problem loans with risk-partner input.
• Collaborate with originations, structuring, legal and compliance to meet objectives.
• Develop junior talent and exemplify Truist culture and values.

Skills

Credit risk management

Cross-functional collaboration

Interpersonal skills

Clear communication

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)

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

• 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

• 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

• medical
• dental
• vision
• life insurance
• disability
• accidental death and dismemberment
• tax-preferred savings accounts
• a 401k plan to teammates
• 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
• 10 sick days (also prorated)
• paid holidays
• defined benefit pension plan
• restricted stock units
• deferred compensation plan

For more details on Truist’s generous benefit plans, please visit our Benefits site.

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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