Special Assets Portfolio Manager II

General Function

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. Primary attention is given to underwriting and preparing approval memos for renewals, change in terms, and forbearance agreements. In addition, the Special Assets Portfolio Manager II is responsible for monitoring the current status of loan payments, past dues, loan collateral monitoring and inspections, pending maturities of loans and Forbearance Agreements, monetary compliance/defaults, covenant(s) compliance/defaults, and financial statement reporting compliance/defaults.

Essential Duties And 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.
• 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. This includes: preparation, review, documentation and the forwarding of all executed documents to the appropriate fulfillment center to ensure that all Special Assets Group loan bookings are booked correctly on the AFS system.
• Develops a working knowledge of all assigned customers and businesses.
• Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined.
• Accountable for always doing the right thing for customers and colleagues, and ensures that 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.

Minimum Knowledge, Skills And Abilities Required

• 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.

Working Conditions

Normal office environment with little exposure to dust, noise, temperature and the like. Extended viewing of a CRT screen. Minimal Travel Required.

Special Assets Portfolio Manager II

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. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.