SBDS Asset Manager Team Leader

Truist; Monet (FL); On-site; USD 120,000 - 190,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

401(k) plan

Paid vacation and holidays

Life insurance and disability

Job summary

Truist Financial Corporation in the United States seeks a senior leader to manage a team of Small Business Default Solutions Asset Managers. The role aims to maximize returns on a portfolio of criticized and classified small business loans in line with Bank policy and strategy.

The candidate will coach the team, approve complex credit actions, and foster a strong risk management culture while coordinating with other lending units to mitigate losses and support the Bank's credit initiatives.

Qualifications

• Bachelor's degree in business, finance, or banking or comparable education and related training.
• A minimum of 10 years commercial banking or equivalent experience, with at least 5 years of loan workout or problem loan resolution experience.
• A minimum of 7 years of management experience.
• Superior negotiation, communication, interpersonal, financial analysis and problem solving skills.
• Demonstrated ability to handle multiple priorities under time constraints.

Responsibilities

• Assign and manage the workload of SBDS Asset Managers on the team to ensure a balanced portfolio.
• Provide leadership and coaching to SBDS Asset Managers in their identification and implementation of effective repayment and resolution strategies for criticized and classified small business loans.
• Responsible for ensuring that risk ratings, accrual status, and asset carrying values are appropriate for assigned area of responsibility.
• Co-approve credit requests, non-accruals, and charge-offs within established authority levels.
• Develop effective risk management culture for assigned team through leadership which includes coaching and counseling, feedback, and reinforcement, as well as support of the Bank's credit culture.
• Assist Asset Managers with highly complex credit analysis and negotiations to prevent or mitigate losses to the Bank for the most complicated commercial lending relationships within the assigned territory.

Skills

Negotiation

Communication

Interpersonal skills

Financial analysis

Problem solving

Leadership

Education

Bachelor's degree in business, finance, or banking

Master's degree in business administration, finance, or banking

Tools

Microsoft Office

Credit analysis software

Job description

About the Role

The position is described below. Regular or Temporary: Regular Language Fluency: English (Required) Work Shift: 1st shift (United States of America) Please review the following job description:

Manage and provide leadership to a team of Small Business Default Solutions Asset Managers, with a goal of maximizing return on a portfolio of CSBB Small Business criticized and classified loans in accordance with Bank policy, procedures, and strategic goals.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

1. Assign and manage the workload of SBDS Asset Managers on the team to ensure a balanced portfolio.
2. Provide leadership and coaching to SBDS Asset Managers in their identification and implementation of effective repayment and resolution strategies for criticized and classified small business loans.
3. Responsible for ensuring that risk ratings, accrual status, and asset carrying values are appropriate for assigned area of responsibility.
4. Co-approve credit requests, non-accruals, and charge-offs within established authority levels.
5. Develop effective risk management culture for assigned team through leadership which includes coaching and counseling, feedback, and reinforcement, as well as support of the Bank's credit culture.
6. Assist Asset Managers with highly complex credit analysis and negotiations to prevent or mitigate losses to the Bank for the most complicated commercial lending relationships within the assigned territory. This often involves the restructuring of debt or working through bankruptcies, liquidations and/or foreclosure actions.
7. Evaluate and make recommendations for assigned personnel regarding employment, training (initial and ongoing), performance rating, salary changes, promotions, transfers, terminations, career enhancement, and staffing levels.
8. Provide monthly certification of specific forecasting for non-performing assets, losses, and OREO transfers.
9. Ensure direct reports are working cooperatively and effectively in a consultative or shadowing role with teammates from other Business Lending Units throughout the Bank, when required, in order to mitigate risk. Provide leadership with any issues that may arise with other Business Lending Units.
10. Keep abreast of Bank Policy and changing business and economic developments which impact the loan portfolio, profitability, and banking in general.

Qualifications

Required Qualifications

1. Bachelor's degree in business, finance, or banking or comparable education and related training.
2. A minimum of 10 years commercial banking or equivalent experience, with at least 5 years of loan workout or problem loan resolution experience.
3. A minimum of 7 years of management experience.
4. Superior negotiation, communication, interpersonal, financial analysis and problem solving skills.
5. Demonstrated ability to handle multiple priorities under time constraints.
6. Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.

Preferred Qualifications

1. Master's degree in business administration, finance, or banking.
2. 15 years of experience in commercial banking, loan workout, and/or relationship management.
3. Graduate Banking School.

Benefits

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Equal Opportunity & Diversity

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace. EEO is the Law E-Verify IER Right to Work About Truist Truist is a purpose-driven financial services company, formed by the historic merger of equals of BB&T and SunTrust. We serve clients in a number of high-growth markets in the country, offering a wide range of financial services. At Truist, our purpose is to inspire and build better lives and communities. That happens through real care to make things better. To meet client needs, to empower teammates, and to lift up communities. Learn more about Truist on truist.com.