Group Manager, ABL Portfolio Mgmt

Group Manager, ABL Portfolio Mgmt

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General Function:
Responsible for the management of an ABL portfolio through management of a Portfolio Manager team. Responsible for retention, renewal strategies, risk management strategies and being forefront in the exit/workout strategy of designated accounts. Manages up to 7 Portfolio Managers who each manage 13 or 14 accounts each. The level of work is considered executive in nature and supervisory. This position has direct reports.

Essential Duties And Responsibilities:

Responsible for advising, reviewing, and assisting Portfolio Managers in managing their clients. Helps to develop/execute appropriate strategies for problem clients. Implement measurable goals for Portfolio Managers to be sure work is done timely, retention is met, credit losses are minimized, customer requests are addressed, client visits are done, covenant violations are addressed and are measured by performing periodic performance reviews. Review and advise the Portfolio Managers to ensure quality write-ups, accurate risk ratings, field exam responses, problem loan reports provide the initial approval of all credit requests before being submitted to the Head of ABL and to the Bank's Credit Approval Department.

Advise on pricing strategies, covenants, waivers, amendments, forbearances and overall credit structure to reduce risk to the bank, while serving the client. Assist senior bank management and the Head of ABL with special requests. As the credit leader of the team, note negative trends early and strategizes best solutions for bank, through analysis of trend cards, review of credit write-ups and watch asset reports.

Review, approve and present all watch asset to the bank's risk team. Develops and maintains internal relationships following established processes and procedures, and be a more senior point of contact to customer relationships. Be able to offer legal strategies and understand legal ramifications of certain credit decisions or aspects of the loan relationship expert on the accounts and their legal and credit file.

Manage and train Portfolio Managers, developing new talent, and ensure existing talent is utilized productively and continues to learn and develop further.

Requirements:
Bachelor's Degree required, preferably in finance, accounting or business. Advanced degree in business would be a plus. At least 20 years of experience in ABL, with extensive experience in liquidation, workouts, restructuring and client retention and contact. Strong understanding of the legal environment underpinning ABL, including but not limited to, knowledge of contract law, the Uniform Commercial Code, and federal bankruptcy laws.

Strong knowledge financial statement analytical and accounting skills are required, as well as experience in understanding fine points in lending against various types of collateral. Thorough understanding and knowledge of large syndicated transactions both as an Agent and as a participant. Excellent written and oral communication skills. Must be able to communicate well to employees, clients and to others within the bank.

Knowledge of computers systems including Microsoft Office suite and proprietary software products used in support of the business. Valid and current driver's license required for travel to meet with prospects and customers.

Location -- Chicago, Illinois 60606