Director, ABL Portfolio Management

Fifth Third Bank; Charlotte (NC); On-site; USD 96,500 - 207,500; Full time

Benefits offered by this job

Comprehensive benefits

Incentive compensation plan

Career growth opportunities

Job summary

Fifth Third Bank is seeking a Director, ABL Portfolio Management in Charlotte, NC. The role involves managing a complex portfolio of Asset Based Lending clients, ensuring customer satisfaction, and overseeing credit risk management. Ideal candidates will have a Bachelor's degree in Business and substantial experience in commercial banking and ABL environments. Comprehensive benefits and competitive compensation, including base salary range of $96,500 to $207,500, are offered. Success requires strong analytical, communication, and relationship-building skills.

Qualifications

• Bachelor's degree in Business such as Administration, Finance, or Accounting.
• 8 years of credit analysis and/or loan review experience in Commercial Banking expected.
• Ability to manage complex client portfolios.

Responsibilities

• Manage credit risk of complex ABL portfolio.
• Develop and maintain relationships with assigned customers.
• Attend client meetings independently.

Skills

Credit analysis

Loan review experience

Financial modeling

Analytical skills

Communication skills

Customer relationship management

Education

Bachelor's degree in Business

8 years in Commercial Banking

6-7 years in Asset Based Lending

Tools

Microsoft Excel

Microsoft Word

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 Director, ABL Portfolio Management participates in the execution and achievement of Fifth Third Commercial Bank’s Asset Based Lending (ABL) strategic initiatives through day-to-day relationship management of a complex portfolio of ABL customers. The Director is the primary member of the ABL coverage team, managing all aspects of the ABL transaction. Directors are expected to be intimately involved in the deal process, making recommendations on appropriate credit structures, pricing, and other matters. Directors are directly accountable for managing a complex portfolio of accounts through financial statement review, collateral reporting, proactive monitoring, and partnership with Relationship Managers. They are responsible and accountable for risk by exchanging ideas, raising concerns, and following policies and procedures.

Essential Duties And Responsibilities

• Manages the ongoing credit risk of a complex 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, fostering customer satisfaction and retention.
• Independently attends client meetings with assigned clients, working with the manager on complex clients and workouts.
• Ensures ongoing customer satisfaction through managing loan structure and customer interface with line and support functions.
• Develops and maintains internal relationships with the coverage team (Relationship Managers/Credit Risk Officers).
• Develops and executes appropriate strategies for problem clients without supervision.
• Maintains up-to-date trend cards, portfolio review forms, credit files, and legal files using departmental resources.
• Captures and documents credit decisions, conditions, and modifications.
• Notes negative trends early and strategizes best solutions for the bank via trend cards, credit write-ups, and watch asset reports.
• Consistently evaluates and updates risk rating analysis, including overall ratings, PD, and LGD.
• Monitors timeliness of reporting, tickler information, and ensures accurate information for decision-making.
• Maintains focus on continuous learning to keep up with changing market dynamics.
• Has understanding of the ABL legal environment, basic secured transaction laws, and creditor rights, and shows interest in further knowledge development.
• Mentors junior team members including Credit Analysts, Associates, and Principals.
• Performs additional job-related duties as assigned.

Supervisory Responsibilities

Provides employees with timely, candid, and constructive performance feedback. Develops employees to their fullest potential and offers challenging opportunities that enhance career growth, ensuring appropriate talent for bench strength and succession planning. Recognizes and rewards employees for accomplishments.

Minimum Knowledge, Skills and Abilities Required

• Bachelor's degree in Business (e.g., Business Administration, Finance, or Accounting).
• 8 years of credit analysis and/or loan review experience in Commercial Banking.
• Minimum 6-7 years of experience in an Asset Based Lending environment, in underwriting or field examination, or as a loan officer; or equivalent combination of education and experience.
• Ability to read, analyze, and interpret business periodicals, professional journals, technical procedures, or governmental regulations.
• Ability to write reports, business correspondence, and procedure manuals. Effectively presents information and responds to questions from managers, clients, and the public.
• Advanced analytical, critical thinking, and verbal & written communication skills.
• Professional presence (client-facing).
• Experience managing an advanced commercial client portfolio with a degree of complexity.
• Ability to partner with all deal stakeholders including clients, relationship managers, and credit teams.
• Expertise in financial and risk analysis, including financial modeling.
• Demonstrated expertise in effective problem solving.
• Intermediate knowledge of Word and Excel spreadsheet software; proficient with technology and able to learn new applications.

Working Conditions

• Normal office environment with little exposure to dust, noise, or temperature variations.
• Extended screen viewing.
• 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.

Director, ABL Portfolio Management

Total Base Pay Range 96,500.00 - 207,500.00 USD Annual

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 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 -- 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.