Director, ABL Portfolio Management

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About the role

The Director, ABL Portfolio Management participates in the execution and achievement of the Fifth Third Commercial Bank’s Asset Based Lending (ABL) strategic initiatives through day-to-day relationship management of a complex portfolio of ABL customers. The Director is the primary member of the ABL coverage team, managing all aspects of the ABL transaction. Directors are expected to be intimately involved in the deal process, making recommendations on appropriate credit structures, pricing, and other key elements. They are directly accountable for managing a complex portfolio of accounts through financial statement review, collateral reporting (including borrowing base certificate analysis, appraisals of M&E and Real Estate, and third-party work such as Field Exams), proactive monitoring, and partnership with Relationship Managers.

Responsible for risk management by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures. Accountable for always doing the right thing for customers and colleagues, ensuring actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Responsibilities

• Manages the ongoing credit risk of a complex portfolio of ABL relationships and participates in portfolio meetings with senior management.
• Develops and maintains external relationships with assigned customers, including regular client meetings and business development calls to ensure customer satisfaction and retention.
• Independently attends client meetings with assigned clients; works with manager on complex/most complex clients and workouts.
• Ensures ongoing customer satisfaction through managing both the loan structure and customer interface with line and support functions who service their accounts.
• Develops and maintains internal relationships with the coverage team including Relationship Managers and Credit Risk Officers.
• Develops and executes appropriate strategies for problem clients without supervision.
• Maintains up-to-date trend cards, portfolio review forms, credit files, and legal files through department resources.
• Captures and documents credit decisions, conditions, and modifications.
• Identifies negative trends early and strategizes solutions for the bank by maintaining trend cards, preparing and presenting credit write-ups, and watch asset reports.
• Consistently evaluates and updates risk rating analysis including overall ratings, Probability of Default (PD), and Loss Given Default (LGD).
• Monitors timeliness of reporting, tickler information, and ensures the bank has accurate information to make decisions.
• Focuses on continuous learning to keep up with ever-changing market dynamics.
• Demonstrates understanding of the ABL legal environment, including secured transaction laws and creditor rights, with a strong interest in further developing that knowledge.
• Mentors junior team members including Credit Analysts, Associates, and Principals.
• Performs additional job-related duties as assigned.

Supervisory Responsibilities

• Provides employees with timely, candid, and constructive performance feedback.
• Develops employees to their fullest potential and provides challenging opportunities that enhance career growth.
• Develops the appropriate talent pool to ensure adequate bench strength and succession planning.
• Recognizes and rewards employees for accomplishments.

Requirements

• Bachelor's degree in Business (e.g., Business Administration, Finance, or Accounting).
• 8 years of credit analysis and/or loan review experience in Commercial Banking.
• Minimum 6-7 years of experience in an Asset Based Lending environment, in underwriting, field examination, or as a loan officer; or equivalent combination of education and experience.
• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
• Ability to write reports, business correspondence, and procedure manuals.
• Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
• Advanced analytical skills, critical thinking, and strong verbal and written communication skills.
• Professional presence (client-facing).
• Experience managing an advanced commercial client portfolio with a degree of complexity.
• Ability to partner with all deal stakeholders including clients, relationship managers, and credit teams.
• Expertise in financial and risk analysis, including financial modeling.
• Demonstrated expertise in using effective problem-solving techniques.
• Intermediate knowledge of Microsoft Word and Excel spreadsheet software; proficient with technology and ability to learn new applications.

Working Conditions

• Normal office environment with little exposure to dust, noise, temperature, and the like.
• Extended viewing of a computer screen.
• Some travel required.

Pay

Total Base Pay Range: $96,500.00 - $207,500.00 USD Annual

At Fifth Third, 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 leave options
• Employee assistance programs
• Additional perks and discounts

You can learn more about those programs on our 53.com Careers page.

Location: Chicago, Illinois 60606