Fifth Third Bank Group Manager, ABL Portfolio Mgmt in Chicago, Illinois
Fifth Third Bank is one of the top-performing banks in the country, with a heritage that spans more than 150 years. We've staked our claim on looking at things differently to making banking a Fifth Third Better. This applies to our relationships with customers and employees alike.
We employ about 18,000 people, and what we offer is:
# A chance for employees to build their future, with supportive career development and financial wellness programs.
# An environment where we win together. We celebrate achievement and work collaboratively. We're also a three-time Gallup Great Workplace honoree.
# An invitation to impact lives in a positive and lasting way. Everything we do is geared toward improving lives. That's fun and exciting.
It comes down to the fact that Fifth Third is a warm and caring place to with which to grow # as a customer or as a team member.
Fifth Third Bank's Wholesale division offers banking, cash management, and financial services to large and middle market businesses, government, and specialized industries. In addition to traditional lending and depository offerings, our commercial products and services include global cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, commercial leasing, and syndicated finance. We are a team of professionals focused on delivering innovative and client-specific solutions that leverage the Bank's expertise in treasury management, capital markets, and international products and services. Our sales process drives the delivery of financial solutions through a relationship team consisting of subject-matter experts who ensure all aspects of our client's needs are assessed and met.
Responsible for the management of an ABL portfolio through management of Portfolio Managers. Responsible for retention, amendment, renewal strategies, and determining acceptable risk management strategies and being forefront in the exit/workoutstrategyof certain accounts. Manages up to 7 Portfolio Managers who each manage 13 or 14 accounts each.
The level of work is considered executive in nature and supervisory. This position has direct reports.
Essential JOB DUTIES:
- This position also manages up to seven Portfolio Managers. Responsible for advising, reviewing, and assisting Portfolio Managers in managing their clients.
2.. Develops and executes appropriate strategies for problem clients.
3.. Implement measurable goals for Portfolio Managers to be sure work is done timely, retention is met, credit losses are minimized, customer requests are addressed, client visits are done, covenant violations are addressed and are measuredbyperforming periodic performance reviews.
Review and advise the Portfolio Managers to ensure quality write-ups, accurate risk ratings, field exam responses, problem loan reports provide the initial approval of all credit requests before being submitted to the President of ABL and totheBank's Credit Approval Department.
Advise on pricing strategies, covenants, waivers, amendments, forbearances and overall credit structure to reduce risk to the bank, while serving the client.
Assist senior bank management and the President of ABL with special requests.
Provi Advise to commercial lenders with their problem loans, structures, and assist in transferring those account to ABL when required by the Credit Risk department
As the credit leader of the team, note negative trends early and strategizes best solutions for bank, through analysis of trend cards, review of credit write-ups and watch asset reports. Review, approve and present all watch asset reports ofhisteam to the bank watch asset committee.
Develops and maintains internal relationships following established processes and procedures, and be a more senior point of contact to customer relationships.
Be able to offer legal strategies and understand legal ramifications of certain credit decisions or aspects of the loan relationship expert on the accounts and their legal and credit file.
Manage and train Portfolio Managers, developing new talent, and ensure existing talent is utilized productively and continues to learn and develop further.
. Bachelor's Degree required, preferably in finance, accounting or business. Advanced degree in business or Law would be a plus.
. At least 20 years of experience in ABL Portfolio Management and field examination, with extensive experience in liquidation, workouts, restructuring and client retention and contact. Strong understanding of the legal environment underpinningABL,including but not limited to, knowledge of contract law, the Uniform Commercial Code, and federal bankruptcy laws. Strong knowledge financial statement analytical and accounting skills are required, as well as experience in understanding fine pointsinlending against various types of collateral.
. Thorough understanding and knowledge of large syndicated transactions both as an Agent and as a participant.
. Excellent written and oral communication skills. Must be able to communicate well to employees, clients and to others within the bank.
. Knowledge of computers systems including Microsoft Office suite and proprietary software products used in support of the business.
Working Conditions And Demands (If Applicable):
Valid and current driver's license required for travel to meet with prospects and customers.
Fifth Third Bank 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.