Portfolio Manager, Closely Held Assets

Fifth Third Bank; Rosemont (IL); On-site; USD 71,000 - 146,000; Full time

Job summary

Fifth Third Bank in Rosemont, IL is seeking a Manager, Closely Held Assets to oversee fiduciary portfolios including trusts, estates and foundations, evaluating and administering closely held assets with minority interests in LPs, LLCs and private companies.

You will support asset management decisions, valuations and transactions, partner with risk, legal, tax and operations, and ensure adherence to fiduciary, regulatory and risk standards.

Qualifications

• Bachelor's degree in Finance, Accounting, or a related field, or equivalent work experience.
• Minimum of 5 years of relevant work experience in commercial credit, business analysis, trust administration, or similar field.
• Strong financial analysis, portfolio management, client communication, and attention to detail.

Responsibilities

• Portfolio Management & Administration: Manage a portfolio of closely held business interests, supporting investment reviews, valuations, and ongoing monitoring activities.
• Financial Analysis: Analyze financial statements, company performance, and industry trends to assist in assessing risk and determining asset value.
• Corporate Actions & Transactions: Support the evaluation and execution of corporate actions, including proxy votes, reorganizations, and asset sale transactions.
• Client & Advisor Engagement: Communicate with clients, trust officers, and professional advisors regarding asset performance and administrative updates.
• Risk & Fiduciary Compliance: Ensure adherence to governing documents, fiduciary standards, and regulatory requirements; elevate risks or issues as appropriate.
• Operational Execution: Coordinate documentation, tracking, and reporting related to asset activities, ensuring accuracy and timeliness.
• Cross-Functional Collaboration: Partner with internal teams including risk, legal, tax, and operations to support asset management and issue resolution.
• Other Duties: Perform other duties as assigned, adapting to evolving business needs and priorities.

Skills

Financial Analysis

Portfolio Management

Client Communication

Attention to Detail

Education

Bachelor's degree in Finance, Accounting, or related field

Job description

Fifth Third Bank in Rosemont, IL is seeking a Manager, Closely Held Assets to oversee fiduciary portfolios including trusts, estates and foundations, evaluating and administering closely held assets with minority interests in LPs, LLCs and private companies.

You will support asset management decisions, valuations and transactions, partner with risk, legal, tax and operations, and ensure adherence to fiduciary, regulatory and risk standards.