Associate, Portfolio Management

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

Job summary

ING is seeking an Associate in Portfolio Management in New York to manage the ongoing loan portfolio with a focus on credit monitoring, analytics, and internal reporting. The role sits within the Lending | Portfolio Management group and supports quarterly reviews, amendments, and covenant tracking.

You will work with offshore teams and stay up-to-date on policy, risk, and legal documentation while preparing sector updates and regulatory samples.

Qualifications

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

Responsibilities

• Support the Team Lead in preparing and supporting all facets of daily portfolio operations, including quarterly and annual credit reviews.
• Prepare quarterly CRM portfolio reviews and assist in credit reporting.
• Process amendments and waivers, review credit modifications, coordinate with risk and finalize legal amendments.
• Track financial covenants and other reporting covenants.
• Assist in execution of new transactions, amendments and refinancings as needed.
• Prepare and maintain financial projections for portfolio names and regulatory reports.
• Maintain internal portfolio trackers and respond to internal ad hoc requests.

Skills

Financial analysis

Credit analysis

Financial modeling

Project finance

Presentation skills

Communication

Excel

Word

Industry knowledge

Legal documentation

Education

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

CFA (a plus)

Tools

MS Excel

MS Word

Job description

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

About ING :

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 commodities 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:

Salary range: $130K - $175K

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

Benefits:

• comprehensive health benefits
• a generous 401k savings plan
• competitive PTO
• adoption, surrogacy, and fertility services
• student debt assistance
• subsidies for expenses associated with commuting and fitness

Equal Opportunity:

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to race, gender, religion, national origin, citiz