Asset Backed Finance Portfolio Manager

Fifth Third; Charlotte (NC); On-site; USD 90,000 - 120,000; Full time

Job summary

Fifth Third Bank in Charlotte, NC is seeking an Asset Backed Finance Portfolio Manager to oversee a portfolio of accounts, review borrowing bases, servicer reports, and risk ratings, and coordinate with relationship managers and credit teams.

You will perform surveillance, renewals, amendments, and onboarding of new facilities, with a focus on risk management, customer experience, and continuous learning in a dynamic market.

Qualifications

• Bachelor's degree in Business (e.g. Business Administration, Finance, or Accounting).
• At least 3 years credit analysis and/or loan review experience in Commercial Banking.
• Advanced analytical skills, critical thinking and verbal and written communication skills.
• Professional presence (client-facing).
• Experience managing an advanced commercial client portfolio with some degree of complexity.

Responsibilities

• Perform ongoing surveillance of covered transactions, including monitoring trends in deal and asset performance, and checking the correctness of borrowing bases and servicer reports.
• Conduct regular reviews of Asset Backed Finance Group's portfolio.
• Execute decisions to renew or modify deals.
• Work on deal amendments and changes in terms.
• Coordinate field exams on existing lending facilities.
• Communicate directly with clients regarding credit events and actions as needed.

Skills

Portfolio management

Credit analysis

Financial modeling

Client facing

Risk management

Education

Bachelor's degree in Business

Job description

Make banking a Fifth Third better We connect great people to great opportunities.

Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION

The Portfolio Manager is key member of the coverage team, managing transactions and business portfolio tasks. PMs are directly accountable for overseeing a portfolio of accounts through their review of borrowing bases, servicer reports, covenant compliance, and financial statements. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Perform ongoing surveillance of covered transactions, including monitoring of trends in deal and asset performance, and checking the correctness of borrowing bases and servicer reports.
• Conduct regular reviews of Asset Backed Finance Group's portfolio.
• Execute decisions to renew or modify deals.
• Work on deal amendments and changes in terms.
• Coordinate field exams on existing lending facilities.
• Communicate directly with clients regarding credit events and actions as needed.
• Capture and document credit decisions, conditions, and modifications.
• Perform regular review and refreshes of transaction risk ratings.
• Work with ABF relationship managers and analysts to ensure a smooth onboarding of new facilities.
• Focus on continuous learning to keep up with ever-changing market dynamics.
• Subject matter expert, utilizing third-party sources to maintain industry-specific knowledge and awareness of current market changes
• Review and recommend credit decisions.

SUPERVISORY RESPONSIBILITIES

None

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED

• Bachelor's degree in Business (e.g. Business Administration, Finance, or Accounting).
• At least 3 years credit analysis and/or loan review experience in Commercial Banking.
• Advanced analytical skills, critical thinking and verbal and written communication skills.
• Professional presence (client-facing).
• Experience managing an advanced commercial client portfolio with some degree of complexity.
• Ability to partner with all deal stakeholders including clients, relationship manager and credit teams.
• Expertise in financial and risk analysis, including financial modeling.
• Demonstrated expertise in using effective problem solving.
• Proficient with technology and ability to learn new applications.

Asset Backed Finance Portfolio Manager At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other.

Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location.

In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.

You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION

Charlotte, North Carolina 28202

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

Fifth Third is a bank that is as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation's highest performing regional bank, but to be the bank people most value and trust.