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 outstanding.
• 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, to include but not limited to, Past Due accounts and Matured and Maturing loan relationships.
• Support the Workout Officers in monitoring, on a continuous basis, information concerning customer performance, abilities, and industry to determine how the company is trending.
• Update Rating updates, Regulatory Ratings, and Administrative Loan Status Report (ALSR) updating and completeness.
• Assist Workout Officers and bank engaged legal counsel by providing required information.
• Engage the Real Estate Review Group when appropriate.
• Process new loan transfers, including full due diligence of "approval document," current situation, review of legal opinion.
• Aid assigned Workout Officer in completing all required ALSR forms within the given deadlines for ALSR and Portfolio Review meetings.
• 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

• Accountable for managing a portfolio of accounts in support of the Special Assets Director, Team Leader, and/or Workout Officers.

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.

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. 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.

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.