Senior Portfolio Manager II - Asset Based LendingLocation Chicago, Illinois Req. Number207661 Category Lending, Management Full/Part Time F Shift 1st Shift
The Asset Based Lending (ABL) Senior Portfolio Management team member is a senior level professional position.This professional is responsible for all aspects of portfolio management including transaction structuring, underwriting, credit approval, portfolio monitoring and problem loan identification for a portfolio that may consist of core ABL, retailers and lender finance clients.ABL is a product for the bank. The ABL team is active on sponsor and restructuring credits as well.
This position will report to the Midwest ABL Portfolio Management Team Leader. In addition this senior team member will:
Prepare and approve credit requests providing critical views on the business, amendments and restructures
Assesses credit issues, performance and industry trends, appropriateness of structural terms and conditions, compliance with policy and underwriting guidelines and provides recommendations to improve structure and mitigate risks
Review and help on-board new ABL credits
Help mentor more junior portfolio managers and analysts within the ABL group.
Assist in achieving satisfactory or better ratings from Credit Review and Compliance and meet compliance targets for annual reviews, risk ratings, and covenant compliance monitoring.
Liaise with portfolio management team leaders, credit risk and workout colleagues on deteriorating credits
Partner with product and operations units including loan operations, cash management, derivatives, corporate card, leasing, to proactively manage issues so that revenue opportunities are maximized and customer satisfaction is maintained
Notable experience in working out, including liquidation, of challenging ABL credits is highly desired
Balanced approach to enable focus on both business unit goals and risk management objectives
Strong understanding of general credit and risk principles, mitigants, and banking policies and procedures
Skilled at developing and implementing both strategic and tactical solutions in support of structuring new and existing ABL credits
Able to multi task and function under pressure to meet deadlines
Strong written and verbal communication and negotiation skills
BA/BS degree, and/or MBA preferably in Finance, Business Administration or Accounting
Hours and Work Schedule
Hours per Week: 40
Work Schedule: Monday - Friday
Why Work for Us
At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth.
Equal Employment Opportunity
It is the policy of Citizens to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, colleague or a dependent’s reproductive health decision making, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, genetic characteristic, citizenship, veteran or military status, marital or domestic partner status, family status/parenthood, victim of domestic violence, or any other category protected by federal, state and/or local laws.
Equal Employment and Opportunity Employer/Disabled/Veteran
Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.