Group Manager, ABL Portfolio Mgmt

Fifth Third Bank; Chicago (IL); On-site; USD 155,000 - 334,000; Full time

Benefits offered by this job

Incentive compensation plan

Comprehensive benefits

Job summary

Fifth Third Bank in Chicago seeks a Group Manager, ABL Portfolio Mgmt to lead a Portfolio Manager team, drive retention, manage workouts, and oversee risk strategies. The role operates at an executive level with direct reports and requires strong leadership and credit expertise.

Responsibilities include advising on credit structures, pricing strategies, and risk mitigation while guiding senior management and the risk team. Travel to meet with clients may be required.

Qualifications

• Bachelor’s Degree required in finance, accounting or business.
• At least 20 years of experience in ABL with liquidation, workouts, restructuring and client retention.

Responsibilities

• Advise and mentor Portfolio Managers in client management and strategy.
• Develop and execute strategies for problem clients and credit resolutions.
• Set measurable goals for retention, timely work, and risk control; review performance regularly.
• Advise on pricing, covenants, waivers, amendments, forbearances, and overall credit structure.
• Lead risk assessment, review watch assets, and present findings to risk management.

Skills

Leadership

Credit risk management

Strategic planning

Communication

Problem solving

Education

Bachelor’s Degree in finance/accounting/business

Advanced business degree (MBA/related)

Tools

Microsoft Office

Proprietary banking software

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

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

Benefits

• 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.
• Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
• 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.

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.

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.