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Citizens · 1 day ago

Asset-Based Lending Portfolio Manager

Chicago, IL

Full-time

Onsite

Senior Level, Lead/Staff

$160K/yr - $180K/yr

8+ years exp

Citizens is a financial institution focused on customer-centric culture and community support. They are seeking a Senior Asset-Based Lending Portfolio Manager responsible for managing a portfolio including transaction structuring, underwriting, credit approval, and mentoring junior team members.

BankingCredit CardsFinancial ServicesFinTechRetail

H1B Sponsor Likely

Responsibilities

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

Qualification

Asset Based LendingCommercial BankingCredit Risk AssessmentPortfolio ManagementNegotiation SkillsWritten CommunicationVerbal CommunicationProblem SolvingTeam Mentoring

Required

8 plus years Asset Based Lending and/or Commercial Banking senior portfolio management experience with sole bank, agented and club transactions

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

Experienced in developing and implementing 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

Preferred

Experience in working out, including liquidation, of challenging ABL

Benefits

Comprehensive medical, dental and vision coverage

Retirement benefits

Maternity/paternity leave

Flexible work arrangements

Education reimbursement

Wellness programs

Paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States

Company

Citizens

Glassdoor3.6

At Citizens, we recognize that the journey to accomplishment is no longer linear and that individuals are made of all they have done and all they are going to do.

Founded in 1828

Providence, Rhode Island, USA

10001+ employees

https://www.citizensbank.com/

H1B Sponsorship

Citizens has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

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Trends of Total Sponsorships

2020 (1)