Vice President - ABL Asset Manager II

Truist; Charlotte (NC); On-site; USD 148,500 - 181,500; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

401(k) plan

Paid vacation

Paid sick days

Paid holidays

Deferred compensation plan

Job summary

Truist in Charlotte, NC is seeking a senior credit professional to manage a portfolio of Asset Based Lending (ABL) transactions, focusing on credit quality, collateral monitoring and financial analysis to mitigate risk.

You will work with originations, structuring, legal and risk partners to align objectives and drive revenue, while supervising junior team members and ensuring adherence to policies and regulatory requirements.

Qualifications

• BA/BS degree required.
• 7-11 years of related work experience.
• Strong technical skills, including financial analysis and modeling.
• Analytical skills to distill complex data into issues.
• Collaborative across functions to achieve objectives.

Responsibilities

• Manage/mitigate credit risk of ABL portfolio transactions.
• Prepare amendment memos, trend cards, and problem loan reports; maintain risk ratings and credit files.
• Review collateral diligence and regulatory requirements.
• Adhere to Truist policies and regulatory requirements.
• Restructure and manage problem loans with risk partners.
• Coordinate with originations, structuring, legal, compliance and risk teams.
• Develop junior talent and demonstrate Truist culture and values.

Skills

Credit analysis

Financial modeling

Analytical thinking

Interpersonal skills

Cross-functional collaboration

Communication skills

Education

BA/BS degree

MBA preferred

Job description

Need Help?

Regular or Temporary:
Regular

Language Fluency: English (Required)

Work Shift:
1st shift (United States of America)

Please review the following job description:

Manage a portfolio of Asset Based Lending (ABL) transaction for the overall credit quality, collateral monitoring financial analysis, risk mitigation while adhering to all operational/regulatory compliance. Work closely with Truist clients to manage the ABL loans, meet client needs and to perform ongoing portfolio monitoring within Truist risk tolerances. Actively work with other functional groups to ensure ABL attains its revenue, income, credit quality and other financial objectives. Teammates should have strong written and verbal communication skills.

Essential Duties And Responsibilities

• Manage/mitigate credit risk of ABL portfolio transactions.
• Complete on-time, accurate, well-articulated 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.

Required Qualifications

• BA/BS degree
• 7-11 years of related work experience
• Strong technical skills, (including financial analysis, modeling,)
• Demonstrated analytical skills – ability to distill complex data into concise and relevant issues.
• Strong interpersonal skills which foster teamwork, trust and accountability
• Demonstrated ability to collaborate across functional areas to facilitate execution

Preferred Qualifications

• MBA degree, with a Finance focus
• Diversified product structuring/underwriting/portfolio management experience

The annual base salary for this position is $165,000.

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.

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.

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