Group Manager, ABL Portfolio Mgmt

Fifth Third Bank, N.A.; Atlanta (GA); On-site; USD 155,000 - 334,000; Full time

Benefits offered by this job

Incentive compensation plan

Comprehensive benefits package

Career development opportunities

Job summary

Fifth Third Bank, National Association seeks a Group Manager, ABL Portfolio Mgmt in Atlanta to lead a Portfolio Manager team and drive risk controls, retention, and credit strategy across a large ABL portfolio.

The role requires deep ABL experience, high-level financial analysis, and senior leadership to guide strategies, pricing, and negotiations while maintaining client relationships.

Qualifications

• Bachelor's degree in finance, accounting or business (advanced degree a plus).
• 20+ years in ABL with liquidation, workouts, restructuring and client retention.
• Strong knowledge of contract law, UCC and bankruptcy laws.
• Excellent written and oral communication skills.
• Knowledge of Microsoft Office and proprietary banking software.

Responsibilities

• Advise and assist Portfolio Managers in client management.
• Develop and execute strategies for problem clients and risk mitigation.
• Set measurable goals for retention, write-ups and covenant compliance.
• Review credit requests and present to Head of ABL and Credit Approval.
• Lead the credit team and mentor Portfolio Managers.

Skills

ABL knowledge

Credit risk management

Client relationship management

Negotiation strategies

Financial statement analysis

Education

Bachelor's degree in finance, accounting or business

Advanced degree in business would be a plus

Tools

Microsoft Office

Proprietary banking software

Job description

Atlanta, GA

Century City

Full time

R71965

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:

Responsible for the management of an ABL portfolio through management of a Portfolio Manager team. Responsible for retention, renewal strategies, risk management strategies and being forefront in the exit/workout strategy of

designated accounts. Manages up to 7 Portfolio Managers who each manage 13 or 14 accounts each.

The level of work is considered executive in nature and supervisory. This position has direct reports.

ESSENTIAL DUTIES AND RESPONSABILTIES:

• Responsible for advising, reviewing, and assisting Portfolio Managers in managing their clients.
• Helps to develop/execute appropriate strategies for problem clients.
• Implement measurable goals for Portfolio Managers to be sure work is done timely, retention is met, credit losses are minimized, customer requests are addressed, client visits are done, covenant violations are addressed and are measured by performing periodic performance reviews.
• Review and advise the Portfolio Managers to ensure quality write-ups, accurate risk ratings, field exam responses, problem loan reports provide the initial approval of all credit requests before being submitted to the Head of ABL and to the Bank's Credit Approval Department.
• Advise on pricing strategies, covenants, waivers, amendments, forbearances and overall credit structure to reduce risk to the bank, while serving the client.
• Assist senior bank management and the Head of ABL with special requests.
• As the credit leader of the team, note negative trends early and strategizes best solutions for bank, through analysis of trend cards, review of credit write-ups and watch asset reports. Review, approve and present all watch asset to the bank’s risk team.
• Develops and maintains internal relationships following established processes and procedures, and be a more senior point of contact to customer relationships.
• Be able to offer legal strategies and understand legal ramifications of certain credit decisions or aspects of the loan relationship expert on the accounts and their legal and credit file.
• Manage and train Portfolio Managers, developing new talent, and ensure existing talent is utilized productively and continues to learn and develop further.

REQUIREMENTS:

• Bachelor's Degree required, preferably in finance, accounting or business. Advanced degree in business would be a plus.
• At least 20 years of experience in ABL, with extensive experience in liquidation, workouts, restructuring and client retention and contact. Strong understanding of the legal environment underpinning ABL, including but not limited to, knowledge of contract law, the Uniform Commercial Code, and federal bankruptcy laws. Strong knowledge financial statement analytical and accounting skills are required, as well as experience in understanding fine points in lending against various types of collateral.
• Thorough understanding and knowledge of large syndicated transactions both as an Agent and as a participant.
• Excellent written and oral communication skills. Must be able to communicate well to employees, clients and to others within the bank.
• Knowledge of computers systems including Microsoft Office suite and proprietary software products used in support of the business.
• Working Conditions And Demands (If Applicable):
• Valid and current driver's license required for travel to meet with prospects and customers.

Group Manager, ABL Portfolio Mgmt

Total Base Pay Range 155,100.00 - 333,500.00 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 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 -- Atlanta, Georgia 30305

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’s 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.