Special Assets Portfolio Manager II

About the role

The Special Assets Portfolio Manager II is a key member of the "coverage team," directly accountable for managing a portfolio of more complex, and typically larger stressed banking relationships through their review of updated financial statements, proactive monitoring, and interaction with the Credit Analysts and SAG Relationship Managers.

Responsibilities

• Prepare approval memos and make recommendations for credit decisions.
• Provide input in discussions with the deal team on action plans and deal structure.
• 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, including preparation, review, documentation, and forwarding of executed documents to the appropriate fulfillment center.
• Maintain a working knowledge of all assigned customers and businesses.
• Monitor the progress on the drafting of all Forbearance Agreements and loan documents preparation, including third-party document coordination, completion, and review.
• Absorb and review all required collateral information.
• Review current account status, focusing on Past Due accounts and Matured and Maturing loan relationships.
• Support the Workout Officers in monitoring customer performance, abilities, and industry trends.
• Update and complete Regulatory Ratings, Administrative Loan Status Report (ALSR), and ALSR forms within given deadlines.
• Assist in performing due diligence and reviewing commercial loan documentation for exceptions and/or deficiencies.
• Engage the Real Estate Review Group when appropriate.
• Process new loan transfers, including full due diligence of "approval documents" and review of current situations.
• Attend client, ALSR, Portfolio Review, and any other meetings as needed.
• Complete non-accrual and charge-off memos as required.

Requirements

• 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.

Qualifications

• 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.

Skills

• Strong analytical skills and critical thinking skills.
• Strong verbal and written communication skills.
• 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.

Benefits

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day. The base salary for this position is reflective of 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 any such payment based upon company, line of business and/or individual performance. 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.

Pay

Total Base Pay Range: $82,100.00 - $172,500.00 USD

Schedule

Normal office environment with little exposure to dust, noise, temperature and the like. Minimal travel required.