Portfolio Manager I (Asset Based Finance)

Socket.dev; New York (NY); On-site; USD 86,000 - 133,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Comprehensive leave program

Job summary

Flagstar Bank is seeking a Portfolio Manager I to oversee a portfolio of asset-based credit facilities, perform periodic credit reviews, and support modifications and renewals. The role requires collaboration with client banks and internal teams across risk and operations.

The candidate should have 4+ years in Asset Based Lending, strong spread skills, and the ability to communicate effectively with stakeholders. Expect travel within the US and a comprehensive benefits package.

Qualifications

• Asset Based Lending experience required.
• Strong spread analytics and financial review capabilities.
• Proven written and verbal communication skills.
• Ability to evaluate financial and collateral trends.

Responsibilities

• Process quarterly and annual credit reviews for senior management and 2LOD.
• Process modification approvals for waivers, amendments, renewals and extensions.
• Validate borrowing base availability and collateral.
• Approve funding requests and Stucky.
• Spread financial information.
• Engage field examiner and appraisers; provide guidance to scope of exam, review reports.
• Use independent judgment to make ABL credit decisions and recommendations.
• May be responsible for talent management functions including staff development/training of Credit Analysts.

Skills

Asset Based Lending

Spread system tools

Written communication

Analytical skills

Relationship building

Travel willingness

Education

Bachelor’s degree preferred in Accounting, Finance, Economics

Undergraduate degree (4 years) in Accounting, Finance, Economics

Tools

Moody’s Risk Analyst Spread System

Job description

Position Title

Portfolio Manager I (Asset Based Finance)

Location

New York, NY 10018

Job Summary

The Portfolio Manager I manages a portfolio of direct and indirect asset-based credit facilities (typically 10-12 accounts) and provides back-up on other Portfolio Manager's accounts. Spread financial information, assess and validate financial and collateral trends, and calculate financial covenants. Responsible for preparing periodic credit reviews and processing modification approvals for waivers, amendments, renewals and extensions, negotiate pricing and fees, and review loan documents. Interact directly with client or agent banks and represent Flagstar Bank.

Job Responsibilities:

• Process quarterly and annual credit reviews for senior management and 2LOD.
• Process modification approvals for waivers, amendments, renewals and extensions.
• Validate borrowing base availability and collateral.
• Approve funding requests and Stucky.
• Spread financial information.
• Engage field examiner and appraisers; provide guidance to scope of exam, review reports.
• Uses independent judgement and discretion to make ABL credit decisions and recommendations.
• May be responsible for talent management functions including: staff development/training of Credit Analysts.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

Required Qualifications:

• Education level required: High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent, Bachelor’s degree preferred in Accounting, Finance, Economics.
• Minimum experience required: 4+ Years in Asset Based Lending

Preferred Qualifications:

• Education level preferred: Undergraduate Degree (4 years or equivalent) in Accounting, Finance, Economics or equivalent work experience if applicable
• Bank Credit Training or Field Exam experience

Job Competencies:

• Asset Based Lending.
• Moody’s Risk Analyst Spread System or similar spreading tools.
• Requires strong written communication and analytical skills.
• Ability to evaluate financial and collateral trends.
• Ability to communicate effectively with prospects, intermediaries and other internal and external stakeholders.
• Demonstrates a strong ability to build and maintain effective relationships with internal stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
• Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
• Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.
• Travel requirements, 3-4 trips within the US per year.
• Physical demands (ADA): No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer

We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Benefits | Flagstar Bank

Pay Range

$85,787.25 - $132,967.00