Portfolio Manager
Company: Fifth Third Bank
Location: Newport Beach
Posted on: March 15, 2023
Job Description:
Make banking a Fifth Third betterWe connect great people to
great opportunities. Are you ready to take the next step? Discover
a career in banking at Fifth Third Bank.GENERAL FUNCTION:The
Portfolio Manager is key member of the "coverage team", managing
transactions and business portfolio tasks. PMs are expected to be
intimately involved in in the deal process, making recommendations
on appropriate credit structures ,pricing, etc. PMs are directly
accountable for managing a portfolio of accounts through their
review of updated financial statements, proactive monitoring, and
interaction with the Credit Analyst.Responsible and accountable for
risk by openly exchanging ideas and opinions, elevating concerns,
and personally following policies and procedures as defined.
Accountable for always doing the right thing for customers and
colleagues, and ensures that actions and behaviors drive a positive
customer experience. While operating within the Bank's risk
appetite, achieves results by consistently identifying, assessing,
managing, monitoring, and reporting risks of all types.ESSENTIAL
DUTIES AND RESPONSIBILITIES:
- Accountable for managing a portfolio of accounts.
- Review and recommend credit decisions.
- Partners with the Relationship Manager, forming the "coverage
team" to:
- Meet with clients and Participate in business Development
calls.
- Assess prospective client's viability for credit.
- Define borrowers and guarantors, deal structure, credit terms
and conditions, and financial covenants.
- Value collateral.
- Generate commitment letters.
- Assist in providing business partners credit lending policy
interpretation.
- Perform final risk rating analysis.
- Capture and document credit decisions, conditions, and
modifications.
- Collaborates with the Credit Analyst to perform Portfolio
management duties such as:
- Establish and maintain Investor Group on lender Portal.
- Perform Monitoring action and Conduct periodic deal
Review.
- Execute decisions to renew or modify deals.
- Communicate directly with clients regarding credit events and
actions as needed.
- Works independently to pitch a more complex deal
structure.
- A focus on continuous learning to keep up with ever-changing
market dynamics.
- Mentor to more Junior PMs and Credit Analysts.#JB-LI1MINIMUM
KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
- Bachelor's degree in Business (e.g. Business Administration,
Finance, or Accounting).
- At least 6 years credit analysis and/or loan review experience
in Commercial Banking.
- Advanced analytical skills, critical thinking and verbal and
written communication skills.
- Professional presence (client-facing).
- Experience managing an advanced commercial client portfolio
with some degree of complexity.
- Ability to partner with all deal stakeholders including
clients, relationship manager and credit teams.
- Expertise in financial and risk analysis, including financial
modeling.
- Demonstrated expertise in using effective problem solving.
- Proficient with technology and ability to learn new
applications.WORKING CONDITIONS:
- Normal office environment with little exposure to dust, noise,
temperature and the like.
- Extended viewing of a CRT screen.
- Some travel required.Portfolio ManagerTotal Base Pay Range
91,200.00 - 182,900.00 USD AnnualLOCATION -- Newport Beach,
California 92660Fifth Third Bank, National Association is proud to
have an engaged and inclusive culture and to promote and ensure
equal employment opportunity in all employment decisions regardless
of race, color, gender, national origin, religion, age, disability,
sexual orientation, gender identity, military status, veteran
status or any other legally protected status.
Keywords: Fifth Third Bank, Newport Beach , Portfolio Manager, Executive , Newport Beach, California
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