Special Assets Portfolio Manager II

Special Assets Portfolio Manager II

Discover a career in banking at Fifth Third Bank. We connect great people to great opportunities.

The Special Assets Portfolio Manager II is a key member of the coverage team, directly accountable for managing a portfolio of more complex and typically larger stressed banking relationships. Responsibilities include reviewing updated financial statements, proactively monitoring loan status, overseeing underwriting and preparing approval memos for renewals, changes in terms, and forbearance agreements.

• Accountable for managing a portfolio of accounts in support of the Special Assets Director, Team Leader, and/or Workout Officers.
• Client contact with some of the most difficult credit relationships, sometimes in confrontational situations.
• Prepare approval memos and make recommendations for credit decisions. Provide input in discussions with the deal team on action plans and deal structure.
• Value collateral and assess collateral position in support of loan outstanding.
• Mentor Credit Analysts and Junior Portfolio Managers.
• Complete all requirements of loan bookings, including preparation, review, documentation, and forwarding of executed documents to the appropriate fulfillment center.
• Develop a working knowledge of all assigned customers and businesses.
• Monitor progress on drafting of all Forbearance Agreements and loan documents.
• Assure proper credit approval is obtained for new and renewal credit requests.
• Collect and review all required collateral information.
• Review current account status, including but not limited to past‑due and matured or maturing loan relationships.
• Support Workout Officers in monitoring customer performance, industry trends, statement, covenant, insurance tracking, and Dual Risk rating.
• Update regulatory ratings and Administrative Loan Status Reports (ALSR).
• Assist Workout Officers and bank-engaged legal counsel by providing required information.
• Perform due diligence and review commercial loan documentation for exceptions and deficiencies.
• Engage the Real Estate Review Group when appropriate.
• Process new loan transfers, including due diligence of approval documents and legal opinions.
• Assist assigned Workout Officer in completing all required ALSR forms within deadlines.
• Attend client, ALSR, portfolio review, and other meetings as needed.
• Complete non-accrual and charge-off memos as required.
• Preparation, including third‑party document coordination, completion, and review.

• Bachelor's degree in accounting, finance, economics, or equivalent experience.
• Minimum 6 years of credit analysis and/or loan review experience in the banking industry.
• Strong analytical and critical thinking skills.
• Strong verbal and written communication skills.
• Professional presence with effective client communication.
• Expertise in financial and risk analysis and problem solving.
• Proficiency in Microsoft Word and Excel.
• Familiarity with the bank's internal applications is a plus.

• Normal office environment with little exposure to dust, noise, temperature variations.
• Extended viewing of a CRT screen.
• Minimal travel required.

Grand Rapids, Michigan 49546

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well‑being.

Fifth 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.