Special Assets Portfolio Manager II

Make banking a Fifth Third better®. We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

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 through their review of updated financial statements, proactive monitoring, and interaction with the Credit Analysts and SAG Relationship Managers. Primary attention is given to underwriting and preparing approval memos for renewals, change in terms, and forbearance agreements.

In addition, the Special Assets Portfolio Manager II is responsible for monitoring the current status of loan payments, past dues, loan collateral monitoring and inspections, pending maturities of loans and Forbearance Agreements, monetary compliance/defaults, covenant(s) compliance/defaults, and financial statement reporting compliance/defaults.

Assists Workout Officers in coordinating the accumulation of all files (Credit, Collateral, SBA, shadow, side, etc.) to perform a thorough review of high risk banking relationships, ensuring financial statements are current and spread correctly to allow for a detailed review/analysis of: a) Balance Sheet leverage and liquidity; b) Income Statement margin performance and profitability/loss and resulting operating cash flows; c) collateral liquidation coverage margin vs.

the bank's loan exposure; d) Guarantor liquidity and personal credit rating trends; and e) performing special projects; f) all other detailed analysis as required. Prepares documentation required for the processing of loans, reviews status of existing loans, recommends appropriate action on loans that are mature or past due, and assists Workout Officers in loan closings.

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.

• Accountable for managing a portfolio of accounts in support of the Special Assets Director, Team Leader, and/or Workout Officers, relying on experience with credit analysis, loan review and/or banking industry.
• Client contact with some of the most difficult credit relationships, in sometimes 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 all executed documents to the appropriate fulfillment center to ensure that all Special Assets Group loan bookings are booked correctly on the AFS system.
• Develop a working knowledge of all assigned customers and businesses.
• Responsible for monitoring the progress on the drafting of all Forbearance Agreements and loan documents.
• Assures proper credit approval is obtained for new and renewal credit requests.
• Collects and reviews all required collateral information.
• Reviews current account status, including Past Due accounts and Matured and Maturing loan relationships.
• Supports the Workout Officers in monitoring, on a continuous basis, information concerning customer performance, abilities, and industry to determine how the company is trending.
• Handles statement, covenant, insurance tracking, and the Dual Risk rating system.
• Updates rating, Regulatory Ratings, and Administrative Loan Status Report (ALSR) and ensures completeness.
• Assists Workout Officers and bank engaged legal counsel by providing required information.
• Performs due diligence and…