The ABL Portfolio Manager will be responsible for the managing an existing Asset Based Lending (ABL) portfolio. The ABL Portfolio Manager will support Business Development in strengthening relationships with clients and new relationships. As part of Commercial, the ABL Portfolio Manager supports the overall risk management and manages all Account Managers. The ABL Portfolio Manager will be a self-starter with the ability to work independently on complex transactions with little oversight. The ABL Portfolio Manager will demonstrate strong credit, analytical, and written and verbal communication skills along with experience in financial modeling, portfolio management, and projection and sensitization analysis. The ABL Portfolio Manager will work closely with Business Development Managers and ABL Management in managing the overall credit approval process.
The ABL Portfolio Manager reports to the Director of ABL and will work closely with the Credit Officer and Business Developers in an effort to meet lending goals and objectives.
Oversees the Account Managers and performs portfolio/account management responsibilities including:
Reviews financial and collateral information, including collateral examination and third party appraisal reports.
Maintains an active dialogue with the borrower regarding financial condition.
Promotes and monitors customer relationship and growth
Evaluates requests for waivers and amendments.
Assists Lenders to ensure customers are being serviced as needed
Attends bank/lender meetings as needed to assist in the loan approval process and delivering the Bank to the clients.
Attends industry sponsored networking events.
Solicits existing portfolio customers in an effort to increase and retain volume and cross sell Bank products and services.
Assist lenders in managing past due and maturing loans.
Actively participates in research, preparation and execution of customer calls
Review legal documents and seek additional approvals to ensure compliance, if necessary.
File maintenance and retention management partnered with the BDO to assure quality control, particularly in preparation for audits and loan review, including annual reviews and adequate reporting.
Follow up, verification and modification/correction of all internal reporting and system on boarding: proper P&L/cost center, application of fees to the note, set up for payments and interest, collection and application of any additional revenue.
Familiar with operations and approval docs to facilitate booking and supporting lending assistants in getting approvals for funding wires.
Projects may be required to work on miscellaneous projects and initiatives related to either the credit functions or across the company as needed.
Effective and timely communication with credit management, borrower, and agent banks as well as with internal partners such as Treasury Management, Corporate Banking, Operations, Accounting, Legal, etc. engaging partners as appropriate throughout the underwriting process.
Understand complex deal structures and capable of preparing the framework of a loan approval document.
Ability to work with Agent, Client and Credit to complete modifications and simple amendment approval documents.
A bachelor's degree preferably in business management, accounting and/or finance.
At least 10 years' of comparable experience. Preference will be given to candidates who have both leveraged lending experience and middle-market bank experience.
Strong credit skills; understanding of bank's credit profile, credit policies, and risk management objectives.
Understanding of complex loan documentation; negotiation skills.
Strong written and verbal communication skills.
Strong interpersonal skills to effectively communicate with external clients, senior account executives, agent banks, credit administration, and other bank personnel.
Ability to effectively work under tight timelines.
Proficient user of Microsoft Excel and Word.
Experience analyzing business financial statements and tax returns (individuals and business).
As a Chemical Banker, you will join other professionals who share our community banking philosophy of making a positive impact where we live, work and play. You will be a part of a growing community bank that believes in the dreams of its customers and employees alike. With Chemical Bank, you will make a difference in your community while enjoying excellent benefits and top career opportunities. Visit our Careers Page for more information.
Chemical Bank is an EEO/AA employer for minorities, women, gender identity, sexual orientation, veterans, and individuals with disabilities.