Associate, Portfolio Management

ING Americas; New York (NY); Hybrid; USD 130,000 - 175,000; Full time

Benefits offered by this job

401k savings plan

Health benefits

Paid time off

Adoption assistance

Surrogacy support

Fertility services

Student debt assistance

Commuting subsidies

Fitness subsidies

Job summary

ING Americas is seeking an Associate in Portfolio Management to actively monitor a Project Finance loan portfolio, emphasizing credit analytics and reporting. You will support quarterly reviews, perform financial projections, and help coordinate regulatory and internal needs within a hybrid work setting in New York.

The role requires strong analytical skills, 3+ years in project finance or energy/commodities finance, and proficiency with Excel and internal systems.

Qualifications

• Minimum of 3 years of project finance and/or energy and commodities finance experience.
• BA/BS in finance/economics/accounting/management/engineering (or similar).
• CFA is a plus and Spanish proficiency is a plus.

Responsibilities

• Support the Team Lead in quarterly and annual credit reviews and CRM portfolio reviews.
• Process amendment and waiver requests and review credit modifications through execution.
• Monitor covenants, deliverables and regulatory reporting; assist with new transactions.
• Maintain portfolio metrics, databases and ad hoc internal/external requests.
• Coordinate with offshore teams and prepare sector updates.

Skills

Project finance

Credit analysis

Financial modeling

MS Excel

Communication

Spanish (proficiency)

Education

BA/BS in finance/economics/accounting/management/engineering

Tools

Vantage

GRID

FINAN

TSC

Risk Rater

Job description

Lending | Portfolio Management | Associate, Portfolio Management | New York

In Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients.

When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.

We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered. ING Americas follows a hybrid work model, allowing for in-office / work from home flexibility. Hybrid work arrangements vary based on business area.

Sound like the kind of place you’d feel at home? We’d love to hear from you.

About The Position:

As an Associate in this team your primary responsibility will be the ongoing management of the Project Finance loan portfolio, with an emphasis on credit monitoring, analytics and internal reporting.

About The Department:

This role is a member of a team that comprises the critical portfolio management and reporting foundation of all lending origination and underwriting activity.

Responsibilities:

• Support the Team Lead in preparing and supporting all facets of the daily operations of the portfolio, including but not limited to: Quarterly and annual credit reviews; Prepare quarterly Credit Risk Management (“CRM”) portfolio reviews; Process amendment and waiver requests, write or review credit modifications, submit to risk and address Q&A, follow-up on the required legal amendments to the documentation until execution; Track compliance of financial covenants and other reporting covenants such as construction/ operating reports, insurance, etc.; Assist the team in the execution of new transactions, amendments and refinancings on an as-needed basis; Prepare and maintain financial projections for portfolio names; Prepare and maintain reports as requested by regulators, rating agencies and other external parties; Maintain various department and industry databases/trackers; Maintain internal portfolio tracking metrics; Respond to ad hoc internal requests on portfolio composition and exposure; Coordinate and work with offshore portfolio support teams; Work with Sector colleagues to prepare quarterly sector updates.
• Assume key role in handling internal system processing (Vantage) including GRID, FINAN, TSC, Risk Rater.
• Diligent and proactive credit monitoring through the review of all covenanted financial and project information (e.g. financial models, Borrower and Adviser operational / construction progress reports) as well as compliance with all regular reporting activities in line with the bank’s policy and procedures.
• Monitor and identify market developments and proactively manage their potential impact on the portfolio.
• Support Team Lead and coordinate between Portfolio Management/ Origination in order to ensure timely and accurate response to internal (CAS) and external regulatory controls and audits by providing the required insights, reports and samples and by participating in the dialogue if so requested.
• Stay up-to-date on organizational operating policies and procedures (i.e. Risk, Legal, etc.) to ensure appropriate protocols are implemented and followed, and facilitate accordingly.
• Coordinate with KYC/CDD team.

Qualifications And Competencies

• Minimum of 3 years of project finance and/or energy and commodies finance experience required
• BA/BS in finance/economics/accounting/management/engineering (or similar);
• CFA a plus
• Spanish proficiency a plus.
• Strong financial and credit analysis capabilities
• Strong financial modeling capabilities
• Knowledge of the industry and experience with project finance structure
• Excellent presentation and communication skills
• Ability to thrive in a fast-paced environment with multiple competing priorities
• Committed and dedicated individual
• Understanding of risks associated with project finance
• Knowledge of Legal Documentation
• Proficient in MS Excel and Word

Other:

• Case Study including writing sample and a debt modeling test
• References

Salary range: $130K - $175K

The salary range listed reflects base salary only. This role is eligible for participation in a discretionary bonus program.

In addition to comprehensive health benefits, a generous 401k savings plan, and competitive PTO, ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with commuting and fitness.

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to race, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.

ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.