Portfolio Manager - Corporate Credit Securitization Loan

Description

Responsibilities:

• Credit risk evaluation of Corporate Credit Securitization Loan (CCSL) facilities, post close, including:
  • Monitoring, measuring and reporting on the performance of each CCSL facility assigned to the role through the production of Annual Reviews, bi-annual business reviews and periodic updates as performance of a transaction warrants.
  • Responsible for detecting underperformance and formulating a view on appropriate action steps, both internally and with the client.
  • Monitoring facility utilization, draws and paydowns 
  • Tracking, reviewing and analyzing monthly servicer reports; follow up on any late reports, errors, or other administrative issues
  • Preparation and delivery of monthly reporting for the CCSL portfolio, including deal specific analysis and commentary on performance, covenant compliance and other transaction metrics
  • Create and maintain a standard surveillance report for each transaction that captures relevant data and triggers
  • Evaluate, interpret and provide key inputs and calculations to Regulatory Capital team for regulatory reporting purposes, on a monthly basis.
  • Coordinate the review of any transaction with the Asset Approval and Review team to ensure underlying collateral is appropriately valued
• Timely communication of transaction activity and performance to key internal and external constituents
• Assist with the closing/management of transactions, including working with the origination team, credit and operations
• Ensure CCSLs are captured properly in Citizens’ systems and downstream reporting
• Update existing credit proposals in connection with annual reviews and renewals 
• Participate in client diligence sessions, as appropriate

Key Requirements

• Minimum 5 years of demonstrated prior experience with non-mortgage asset-backed securitization credit facilities.  CLO experience and familiarity with the Private Credit/Direct Lender market is preferred.
• Ability to review and interpret transaction documents and analyze multiple types of deal structures (revolving, static, term, CLO, agent approval)
• Excellent verbal and written communication skills
• Ability to synthesize large amounts of data and information into a cohesive explanation to all internal constituents
• Strong proficiency in Excel, Word, PowerPoint, Bloomberg.  PowerBI proficiency a plus
• Strong organizational and time management skills required
• Requires collaborative approach among many internal teams

Hours and Work Schedule

Hours per Week:  40

Work Schedule:  Monday - Friday

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.