Senior Special Assets Portfolio Manager

Fifth Third Bank; Grand Rapids (MI); On-site; USD 110,000 - 160,000; Full time

Job summary

Fifth Third Bank is seeking a Special Assets Portfolio Manager II in Grand Rapids, MI to manage complex banking relationships, underwrite renewals and forbearance, and monitor collateral and covenants. You will prepare memos, analyze financials, and coordinate loan documentation with workout officers.

Ideal candidates have 6+ years in credit analysis or loan review, strong analytical and communication skills, and familiarity with risk analysis tools.

Qualifications

• Bachelor's degree in accounting, finance or economics or equivalent experience.
• Minimum 6 years of credit analysis and/or Loan Review experience in the banking industry or relevant experience.
• Strong analytical skills and critical thinking skills.
• Strong verbal and written communication skills.
• Professional presence. Able to communicate effectively with clients, consultants, bank group members, and internal bank partners.
• Expertise in financial and risk analysis, and effective problem solving.
• Proficient in software applications such as Microsoft Word and Excel.
• Familiarity with the bank's internal applications is a plus.

Responsibilities

• Accountable for managing a portfolio of accounts in support of the Special Assets Director, Team Leader, and/or Workout Officers.
• Client contact with some of the most difficult credit relationships, in sometimes confrontational situations.
• Prepare approval memos and make recommendations for credit decisions.
• Value collateral and assess collateral position in support of loan outstandings.
• Mentor to Credit Analysts and more Junior Portfolio Managers.
• Completes all requirements of loan bookings.
• Develops a working knowledge of all assigned customers and businesses.
• Responsible for monitoring the progress on the drafting of all Forbearance Agreements and loan documents.

Skills

Analytical skills

Critical thinking

Communication skills

Financial analysis

Excel proficiency

Education

Bachelor's degree in accounting/finance/economics

Tools

Microsoft Word

Microsoft Excel

Job description

Fifth Third Bank is seeking a Special Assets Portfolio Manager II in Grand Rapids, MI to manage complex banking relationships, underwrite renewals and forbearance, and monitor collateral and covenants. You will prepare memos, analyze financials, and coordinate loan documentation with workout officers.

Ideal candidates have 6+ years in credit analysis or loan review, strong analytical and communication skills, and familiarity with risk analysis tools.