AVP- Portfolio Management- Asset Based Lending (ABL)

Company: Disability Solutions
Location: Chicago
Posted on: September 28, 2024

Job Description:

Job Title:AVP- Portfolio Management- Asset Based Lending (ABL)Location:IL - Chicago LPOWhat you'll do:Our Asset Based Lending (ABL) division is seeking a Portfolio Manager to be responsible for analyzing, structuring, underwriting, presenting, negotiating, and coordinating the closing of new ABL credit facilities and manage a portfolio within Bridge Bank's Technology Banking Group. The Portfolio Manager will work alongside the Relationship Manager to manage loans to ensure the credit risks are responsibly identified, mitigated, and monitored. This position will assist in attaining established Bank and region goals through active participation in underwriting and closing desirable credits with the Relationship Manager. The Portfolio Manager is responsible for assuring compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations.What we are looking for:

• Participates in business development activities and solicitation of new business based on the target market.
• Obtains due diligence information related to credit requests; reviews information and corresponds with prospective clients to resolve questions.
• Performs pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends.
• Completes a credit recommendation underwriting package to present to Senior Credit Officer or Loan Committee for approval.
• Coordinates processing of approved loans; ensures loans are processed according to agreement, customer needs and conform to Bank lending policies; obtains sufficient information and/or documentation from customers; solves problems relative to processing and servicing of loans within the Relationship Manager's portfolio.
• Effectively manages a portfolio of ABL credit facilities; lead monthly portfolio reviews, monitor compliance, and restructure loans as appropriate.
• Coach and mentor credit analysts and collateral specialists.
• Represents the Bank in various community, civic, and community reinvestment functions to further enhance the Bank's image and develop additional business; assists the Bank in establishing and maintaining market position in the financing arena.Qualifications
  • Bachelor's degree from a four-year college or university and five (5) or more years of related experience and/or training; or a combination of experience and education.
  • 3-5 years working in Asset Based Lending (ABL) and a desire to work in a fast paced environment with venture-backed technology companies.
  • Intermediate understanding of formula borrowing bases against eligible accounts receivables and inventory.
  • Work related experience must consist of a basic lending background including negotiating, underwriting and coordinating the closing of a variety of commercial business loans; relationship development, experience in the financial services industry.
  • Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
  • Knowledge of related state and federal banking compliance regulations, and other Bank operational policies.
  • Knowledge and experience in financial statement analysis typically resulting from a combination of education in accounting, financial and/or credit analysis or related areas.
  • Intermediate knowledge of Bank lending procedures, Bank policies and procedures, and the Bank's products and services.
  • Extensive knowledge in all facets of relationship management.
  • Exceptional critical thinking and analytical skills.
  • Developed skills in word processing and spreadsheet software (i.e., Microsoft Word, Excel, etc.).
  • Exceptional oral, written and interpersonal communication skills
  • Exceptional organizational and time management skills.Benefits you'll love:We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!About the company:Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.-- Western Alliance Bancorporation

Keywords: Disability Solutions, Chicago , AVP- Portfolio Management- Asset Based Lending (ABL), Executive , Chicago, Illinois