Credit Delivery Portfolio Manager II or Sr. Portfolio Manager

Wealth Credit Delivery Portfolio Manager II or Sr. Portfolio Manager

Truist

19 hours ago Be among the first 25 applicants

Regular

Language Fluency:
English (Required)

Work Shift:

1st shift (United States of America)

The Wealth Credit Portfolio Manager is responsible for underwriting loan transactions, including completing all required financial and other due diligence, in order to make recommendations for new business-purpose (i.e. wholesale) credit requests. In addition, the Wealth Credit Portfolio Manager proactively manages an assigned portfolio of credit relationships with an average portfolio size of over $500MM. The role supports a growing national franchise with High Net Worth or Ultra High Net Worth clients within the Truist Wealth Advisory segment (average client relationship in excess of $25MM AUM) or Specialty business clients, such as Medical Practices or Law Firms, with an average revenue size of $50MM.

The Wealth Credit Portfolio Manager will handle all loan requests above $10MM but some requests could be in excess of $100MM.

The Wealth Credit Portfolio Manager is responsible for underwriting loan transactions, including structuring loan terms, covenants and pricing to recommend deals to credit risk management. The manager responds to client needs, participates in client presentations when appropriate, and researches and qualifies credit prospects. The manager thoroughly understands industry specific and wealth client entity structures, the related customized credit facility structuring and associated risks.

The manager manages time-critical financial and operational due diligence and underwriting activities. The manager negotiates key financial structure and legal documentation for clients and prospects, and coordinates with key partners, including relationship management, cross-functional partners, and Credit Risk Management.

The manager oversees sound portfolio management activities, provides technical assistance and coaching to junior Credit Portfolio Managers, and provides monitoring and industry/market research for complex industries and portfolios.

Independently structure loan terms, covenants and pricing to recommend deals to credit risk management. The role handles the largest and most complex wholesale loan requests and borrower relationships within the wealth portfolio.

Credit requests have a variety of business structures and deal complexities, and may include owner-occupied and investor-owned commercial real estate, working capital facilities, yacht/airplane financing, corporate finance transactions, concentrated stock/highly structured securities-backed and unsecured facilities.

Analyze historical and projected financial statements, tax returns, borrowing base statements, appraisals, loan collateral and other diligence items provided in support of the loan request.

Identify key borrower and transaction risks, providing mitigants or otherwise proposing alternative loan structures where appropriate. Prepare concise, well-thought-out credit packages, outlining transaction request and purpose; borrower overview including financial profile; strengths; risk & mitigants; and proposed recommendation for presentation to credit risk management.

Negotiate legal documents; involve in the closing process for portfolio loan transactions. Manage end-to-end credit delivery process, in partnership with cross-functional partners such as internal legal and/or outside counsel, loan fulfillment, and loan servicing, to meet client expectations.

Actively communicate throughout the process with the advisor team, and in some cases directly with the client, to manage expectations. Continuously act with a sense of urgency. Engage with clients and prospects to understand financial profile and discuss credit opportunities.

Manage the assigned portfolio by monitoring performance and trends, identifying issues early and following through for remediation.

Coordinate credit and loan portfolio administration activities such as loan renewals and modifications, completion of periodic (at least annual) credit reviews, frequent review of financial statements and related internal…