Senior ABL Asset Manager – Credit & Portfolio Lead

Socket.dev; Chicago (IL); On-site; USD 190,000 - 230,000; Full time

Job summary

Truist Financial Corporation in Chicago is seeking a senior professional to manage a portfolio of Asset Based Lending (ABL) transactions, focusing on credit quality, collateral monitoring, financial analysis, and risk mitigation within regulatory guidelines.

You will collaborate with originations, structuring, legal, compliance and risk teams, develop junior talent, and uphold Truist culture and values. Strong written and verbal communication skills required.

Qualifications

• BA/BS degree.
• 11-15 years of related work experience.
• Industry knowledge, product positioning, structuring and risk mitigation.
• Ability to collaborate across functional areas to resolve complex issues.
• Strong interpersonal skills enabling teamwork, trust, creativity/innovation and accountability.
• Ability to communicate clearly, concisely and insightfully.
• MBA degree with Finance focus (preferred).
• Diversified product structuring/underwriting/portfolio management experience (preferred).

Responsibilities

• Manage/mitigate credit risk of ABL portfolio transactions.
• Complete on-time, accurate amendment memos, trend cards, and problem loan reports; maintain risk ratings and financial spread; maintain credit files, manage collateral diligence including review and analysis of field exams and appraisals and maintain regulatory requirements.
• Understand and adhere to various Truist policies, processes, procedures and regulatory requirements.
• Restructure and manage problem loans with input from risk partners.
• Manage ABL credit, operational and market risk within pre-approved risk tolerance levels.
• Work with originations, structuring, legal, compliance and risk partners to align strategic objectives, share market knowledge, and facilitate seamless execution.
• Work closely with and develop junior talent.
• Demonstrate Truist culture and values.

Skills

Industry knowledge

Risk mitigation

Cross-functional collaboration

Interpersonal skills

Communication skills

Portfolio management experience

Education

BA/BS degree

MBA degree with Finance focus

Job description

Truist Financial Corporation in Chicago is seeking a senior professional to manage a portfolio of Asset Based Lending (ABL) transactions, focusing on credit quality, collateral monitoring, financial analysis, and risk mitigation within regulatory guidelines.

You will collaborate with originations, structuring, legal, compliance and risk teams, develop junior talent, and uphold Truist culture and values. Strong written and verbal communication skills required.