Portfolio Manager

19 hours ago


Chicago, Illinois, United States Western Alliance Bank Full time
Job Title:
Portfolio Manager - ABL Division

Location:
Chicago, IL

Job Summary:
Western Alliance Bank is seeking a skilled Portfolio Manager to join our Asset Based Lending (ABL) division. The successful candidate will be responsible for analyzing, structuring, and managing a portfolio of ABL credit facilities.

Key Responsibilities:
  • Participate in business development activities and identify new business opportunities.
  • Obtain due diligence information and review financial condition and risk of financing requests.
  • Perform pre-qualification assessments and complete credit recommendation underwriting packages.
  • Coordinate loan processing and ensure compliance with Bank lending policies.
  • Effectively manage a portfolio of ABL credit facilities and lead monthly portfolio reviews.
  • Coach and mentor credit analysts and collateral specialists.

Requirements:
  • Bachelor's degree from a four-year college or university and three (3) or more years of related experience.
  • 2-4 years working in Asset Based Lending (ABL) and a desire to work in a fast-paced environment.
  • Intermediate understanding of formula borrowing bases against eligible accounts receivables and inventory.
  • Work-related experience must consist of a basic lending background, including negotiating, underwriting, and coordinating the closing of commercial business loans.
  • Knowledge of related state and federal banking compliance regulations and Bank operational policies.
  • Exceptional critical thinking and analytical skills.
  • Developed skills in word processing and spreadsheet software.
  • Exceptional oral, written, and interpersonal communication skills.

Benefits:
We offer competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance, an employee volunteer program, and a wellness program.

About Us:
Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. We are committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, national origin, marital status, disability, protected veteran status, sexual orientation, gender identity, or genetic information.
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