Credit Portfolio Manager III - Asset Based Lending (Remote)

$101,025 - $168,575/Yr

Atlantic Union Bank - Richmond, VA

Full-time - Mid Level

Remote - Richmond, VA

Credit Intermediation and Related Activities

About the position

The Credit Portfolio Manager III - Asset Based Lending is a pivotal role within the Commercial division, responsible for providing an independent perspective in underwriting and managing complex asset-based lending loans and relationships. This position operates up to the bank's legal lending limit and collaborates closely with Business Development Officers, Relationship Managers, Credit Portfolio Managers, and the Credit Portfolio Management Team Leader to deliver comprehensive credit solutions. The role demands a high level of expertise, as the Credit Portfolio Manager III is expected to be a subject matter expert (SME) in their respective portfolio, ensuring adherence to all regulatory and compliance guidelines. In this role, the manager will lead the independent underwriting process for both new and renewal opportunities within an assigned portfolio, which includes some of the more complex credits and larger portfolios within the Wholesale Bank. The position requires in-depth analysis of financial statements, borrowing base certificates, collateral field examinations, appraisals, and other diligence reports. The manager will also assess management competencies, industry impacts, competitive dynamics, collateral, and guarantor support for new and renewal opportunities, contributing to effective credit risk management. The Credit Portfolio Manager III will prepare detailed financial projections using vendor-provided solutions such as Moody's Risk Analyst or Excel spreadsheets. They will make informed recommendations to Credit Approvers regarding credit amounts, structures, and compliance with policies. Additionally, the manager will coordinate all third-party due diligence for new underwritings, including collateral field exams and appraisals, while managing their assigned portfolio by proactively monitoring performance and trends. This includes ensuring risk rating integrity, timely compliance with covenants, identifying issues, and assisting with compliance and regulatory reviews. The role also involves participating in or leading client calls alongside Business Development Officers to address financial inquiries, gather deal information, and fulfill other portfolio management requirements. The manager may also engage in special projects aimed at enhancing portfolio management processes and will mentor junior Credit Portfolio Managers as appropriate. Overall, this position plays a crucial role in maintaining the integrity and performance of the bank's asset-based lending portfolio, while adhering to all applicable laws and regulations governing bank operations.

Responsibilities

• Lead the independent underwriting process for new and renewal opportunities for clients and prospects within an assigned portfolio.
• Provide in-depth, independent analysis of financial statements, borrowing base certificates, collateral field examinations, appraisals, and other diligence reports.
• Prepare detailed short or long-term financial projections within a vendor provided solution such as Moody's Risk Analyst or within an Excel spreadsheet.
• Make recommendations to Credit Approvers regarding credit amount, structure, and policy compliance.
• Coordinate all third party due diligence for new underwritings including collateral field exams and appraisals.
• Manage assigned portfolio by proactively monitoring performance and trends, ensuring risk rating integrity, and ensuring timely compliance with all covenants.
• Identify issues and follow through for remediation, assisting with compliance and regulatory reviews.
• Participate or lead client calls with Business Development Officers for in-depth financial questions and portfolio management requirements.
• Participate in special projects to aid with the continuous improvement of portfolio management.
• Adhere to all applicable laws and regulations governing bank operations.

Requirements

• Bachelor's degree in Accounting or Finance.
• Seven or more years of experience in commercial lending, specifically in asset-based lending.
• Understanding of commercial loan structures and establishing covenants.
• Familiarity with industry-standard commercial loan documentation.
• Considered a subject matter expert (SME) for aligned industry, commercial credit, and lending concepts, practices, and regulations.
• Advanced written and analytical skills to analyze balance sheet structure, income, and cash flow trends.
• Ability to make complex decisions and sound business judgments regarding business and lending activities.
• Working knowledge of accepted loan practices with emphasis on asset-based lending, underwriting, security prioritization, legal documentation, and portfolio management.
• Knowledge of financial statement spreading and proficiency in preparing pro-forma statements within Moody's or other software packages.
• Excellent written, oral, and interpersonal skills, including selling, structuring, negotiating, closing, maintenance, modifications, and problem resolution.
• PC proficiency with Word and Excel, including the use of system and user-generated formulas, macros, charts, and tables.
• Ability to research industry sources needed for credit evaluations.
• Strong organization skills with the ability to self-manage time and work flow to meet deadlines.
• Ability to manage multiple projects simultaneously.
• Ability to work independently as well as within a team environment.

Benefits

• Comprehensive benefits package including health insurance, dental insurance, and vision insurance.
• Participation in an applicable incentive compensation plan or discretionary profit-sharing bonus program.
• 401k retirement savings plan with company matching contributions.
• Flexible scheduling options for work-life balance.