Associate - ABL Portfolio Management

Davita Inc.; Chicago (IL); On-site; USD 69,000 - 144,000; Full time

Job summary

A leading financial institution is seeking an Associate for ABL Portfolio Management in Chicago. This role involves managing a basic portfolio, executing credit risk strategies, and fostering client relationships. Ideal candidates possess a Bachelor's degree in Business and relevant banking experience. The position offers competitive compensation and comprehensive benefits for dedicated professionals looking to advance their careers.

Benefits

Comprehensive medical, dental, and vision coverage

401(k) plan with generous employer match

Flexible paid time off

Employee stock purchase plan

Programs for mental and physical wellness

Qualifications

• 3 years credit analysis and/or loan review experience in Commercial Banking with ABL experience required.
• Professional presence with experience managing a commercial client portfolio.
• Ability to analyze and interpret business regulations effectively.

Responsibilities

• Manages ongoing credit risk of a basic portfolio of ABL relationships.
• Develops and maintains external relationships with assigned customers.
• Mentor to junior team members including Credit Analysts.

Skills

Advanced analytical skills

Critical thinking

Verbal and written communication skills

Expertise in financial and risk analysis

Problem-solving

Education

Bachelor's degree in Business (e.g. Business Administration, Finance, or Accounting)

Tools

Word

Excel

Job description

Make banking a Fifth Third better

We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION:
The Associate, ABL Portfolio Management participates in the execution and achievement of the Fifth Third Commercial Bank's Asset Based Lending (ABL) strategic initiatives through day-to-day relationship management of a basic portfolio of ABL customers.

The Associate, ABL Portfolio Management is the primary member of the ABL coverage team, managing all aspects of the ABL transaction. Associates are expected to be intimately involved in in the deal process, making recommendations on appropriate credit structures, pricing, etc. Associates are directly accountable for managing a basic portfolio of accounts through their review of financial statements, collateral reporting (including borrowing base certificate analysis, appraisals of M&E and Real Estate along with any additional 3rd party work such as Field Exams), proactive monitoring, and partnership with the appropriate Relationship Managers.

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:

• Manages the ongoing credit risk of a basic portfolio of ABL relationships and participates in portfolio meetings with senior management.
• Develops and maintains external relationships with assigned customers, including regular client meetings and business development calls, helping to ensure customer satisfaction and retention.
• Should be able to independently attend client meetings with assigned clients. Work with manager on complex/most complex clients and workouts.
• Ensures ongoing customer satisfaction through managing both the loan structure and customer interface with line and support functions who service their accounts.
• Develops and maintains internal relationships with the coverage team including Relationship Managers/Credit Risk Officers.
• Develops and executes appropriate strategies for problem clients with supervision.
• Maintains up to date trend cards/portfolio review forms, credit files and legal files through our departments' resources.
• Capture and document credit decisions, conditions, and modifications.
• Notes negative trends early and strategizes best solutions for bank, through maintaining trend cards/portfolio review forms, preparing and presenting credit write-ups and watch asset reports.
• Consistently evaluate/update risk rating analysis including overall ratings, PD and LGD.
• Monitors timeliness of reporting, tickler information and ensures bank has accurate information to make decisions and be expert on the accounts and their credit files.
• A focus on continuous learning to keep up with ever-changing market dynamics.
• Should have a understanding of the ABL legal environment including a basic understanding secured transaction laws and creditor rights and shows a strong interest in further developing that knowledge.
• Mentor to more junior team members including Credit Analysts.
• Performs additional job related duties as assigned.

SUPERVISORY RESPONSIBILITIES:
None

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Bachelor's degree in Business (e.g. Business Administration, Finance, or Accounting).
• 3 years credit analysis and/or loan review experience in Commercial Banking that includes ABL experience.
• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
• Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
• Advanced analytical skills, critical thinking and verbal and written communication skills.
• Professional presence (client-facing).
• Experience managing a commercial client portfolio.
• 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.
• To perform this job successfully, an individual should have intermediate knowledge of Word and Excel spreadsheet software. Proficient with technology and ability to learn new applications.

WORKING CONDITIONS:

• Normal office environment with little exposure to dust, noise, temperature and the like.
• Extended viewing of a CRT screen.
• Some travel required.

All the above duties and responsibilities are essential job functions for which reasonable accommodation will be made. All job requirements listed indicate the minimum level of knowledge, skills and/or ability deemed necessary to perform the job proficiently. This position description is not to be construed as an exhaustive statement of duties, responsibilities or requirements. Employees may be required to perform any other job-related instructions as requested by their supervisor, subject to reasonable accommodation.

At Fifth Third Bank, we understand the importance of rewarding our employees for their hard work and dedication, therefore, our Total Rewards offering includes a differentiated compensation package and comprehensive benefits.

Benefits:

Our benefits programs are designed to support the health, happiness, and financial well-being of our employees and their families. Your benefits will include access to comprehensive medical, dental, and vision coverage, a 401(k) plan and employee stock purchase plan that both offer a generous employer match, flexible paid time off, comprehensive leave programs, and unique benefits to support your overall mental and physical wellness. For additional details, please contact your recruiter.

Compensation:

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the US. 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.

Associate - ABL Portfolio ManagementTotal Base Pay Range 69,800.00 - 143,100.00 USD AnnualLOCATION -- Chicago, Illinois 60606

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.