ABL Associate

About the role

We connect great people to great opportunities. This role supports day-to-day coverage, origination, and transaction management for existing and prospective clients, including covered Sponsors. You may manage the ongoing credit risk of a basic portfolio of ABL relationships and participate in portfolio meetings with senior management.

Responsibilities

• Prioritize and support a pipeline of ABL financing opportunities.
• Support underwriting approval and loan closing processes, including loan systems setup, administration, and preparation of presentation materials for credit approval.
• Manage the ongoing credit risk of a basic portfolio of ABL relationships and participate in portfolio meetings with senior management.
• Maintain up-to-date trend cards, portfolio review forms, credit files, and legal files; document credit decisions, conditions, and modifications.
• Support multiple opportunities, partnerships, and routines with key internal deal team members.
• Develop and maintain internal relationships with the coverage team, including Relationship Managers and Credit Risk Officers.
• Develop and maintain external relationships with assigned customers through regular client meetings and business development calls to ensure customer satisfaction and retention.
• Apply knowledge of credit analysis, asset-based lending, and capital markets activity.
• Mentor more junior team members, including analysts.
• Maintain a focus on continuous learning to keep up with ever-changing market dynamics.
• Demonstrate basic familiarity with the ABL legal environment, including secured transaction laws and creditor rights, with a strong interest in further developing that knowledge.
• Successfully complete all required compliance training.
• Perform additional job-related duties as assigned.

Requirements

• Bachelor's degree required, ideally with a concentration in Business, Finance, or Accounting.
• 3-5 years of credit analysis and/or loan review or underwriting experience in Commercial Banking, including 1+ years of experience in an Asset-Based Lending environment, in underwriting or field examination, or as a loan officer; or equivalent combination of education and experience.
• Knowledge of asset-based lending, private equity, capital markets, and merger and acquisition structures is a plus.
• Familiarity with credit policies, procedures, and terminology.
• Strong interpersonal and relationship-building skills.
• Experience in originating and executing complex financial transactions is a plus.
• Analytical skills, critical thinking, and strong verbal and written communication skills.
• Intermediate knowledge of Word, PowerPoint, and Excel spreadsheet software.
• Proficient with technology and ability to learn new applications, including commercial loan administration systems.

Skills

• Advanced Credit & Financial Structuring: Ability to structure ABL transactions, evaluate collateral quality, and apply knowledge of secured transaction laws and creditor rights.
• Strategic Relationship Management: Skilled in influencing stakeholders, managing client expectations, and fostering long-term partnerships to drive origination and portfolio growth.
• Leadership & Mentorship: Ability to mentor analysts, delegate tasks effectively, and contribute to team development while ensuring compliance and operational excellence.
• Market Insight & Continuous Learning: Proactive in industry research, adaptable to changing conditions, and committed to expanding expertise in legal, tax, and regulatory aspects of ABL.
• Strong organizational and time management skills, with a proven ability to work efficiently, prioritize tasks, and meet deadlines in a dynamic environment.

Pay

Total Base Pay Range: $71,100.00 - $145,900.00 USD Annual

The base salary for this position reflects the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education, and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with payment based upon company, line of business, and/or individual performance.

Benefits

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional, and social well-being. Benefits include:

• Comprehensive health and wellness programs.
• Retirement savings plans.
• Paid time off and flexible work arrangements.
• Employee assistance programs.
• Professional development opportunities.

Learn more about our benefits on the 53.com Careers page.

Location

Chicago, Illinois 60606