Asset Based Lending Group Portfolio Manager
3 weeks ago
GENERAL FUNCTION Leads the underwriting of new business opportunities, ensuring compliance with ABL credit policies while managing risk and maximizing portfolio performance.
MAJOR DUTIES AND RESPONSIBILITIES
- Lead the underwriting of new business opportunities, including purchased loan participations and direct loan opportunities.
- Prepare the initial deal screening document and the credit approval document for the Directors Loan Committee.
- Supervise the ABL Portfolio Manager(s) and any future ABL Analysts, focusing on mentoring and their professional development.
- Oversee the risk profile of the ABL loan portfolio, ensuring compliance with established ABL credit policies and target risk profiles.
- Prepare and present portfolio reviews at regular intervals based on the risk rating of individual loan accounts.
- Represent the ABL group at bank meetings, both in person and via conference calls.
- Travel to meet with borrowing prospects and clients as necessary.
- Ensure all ABL loan transactions are completed accurately and on time, collaborating with the bank's loan operations group.
- Maintain effective communication with internal and external stakeholders to facilitate portfolio management.
- Engage in business development activities to enhance the ABL portfolio and increase market presence.
- Conduct regular analysis of portfolio performance and risk, making recommendations for improvement.
- Collaborate with the President of CB&S Business Capital on strategic initiatives and operational improvements.
ADDITIONAL RESPONSIBILITIES
- Participate in Loan Committee meetings when appropriate.
- Maintain strong working relationships with loan support staff.
- Respond to inquiries or refer them to the appropriate department, ensuring follow-through.
- Perform other duties as assigned by the ABL Division Manager.
JOB QUALIFICATIONS
- Bachelor's degree in finance, business, or a related field; advanced degree preferred.
- At least 10 years of lower middle market ABL experience, including field examination, portfolio management, and underwriting in syndicated participations and direct loans.
- Proven knowledge of ABL credit policies and procedures.
- Ability to work independently and establish priorities to meet organizational goals.
- Strong leadership, organizational, and communication skills, both verbal and written.
- Proficiency in analyzing complex financial information and presenting recommendations.
- Ability to travel to various locations for client meetings and bank personnel interactions.
- Strong business development, customer relations, and decision-making skills are essential.
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