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, including 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 and complete the Dual Risk rating system, Regulatory Ratings, and Administrative Loan Status Report (ALSR).
• 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, and review of legal opinion.
• 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.
• Leverages experience with credit analysis, loan review, and/or banking industry.
• Client contact with some of the most difficult credit relationships, in sometimes confrontational situations.
• 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.
• Ensures that actions and behaviors drive a positive customer experience.
• Operates within the Bank's risk appetite, achieving results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Skills

• Financial and risk analysis.
• Effective problem-solving.
• Software proficiency (Microsoft Word, Excel).

Benefits

At Fifth Third, we recognize the value of our employees and provide comprehensive benefits and differentiated compensation offerings to help each employee 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 these programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html.

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee. Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status, or any other legally protected status.