Truist
Credit Delivery Portfolio Manager II or Sr. Portfolio Manager
Truist, Charlotte, North Carolina, United States, 28245
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.
Essential Duties And Responsibilities 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 risk ratings, management of covenant compliance and ongoing collateral monitoring.
Have a strong understanding of industry and regulatory trends, including knowledge of competitors and loan market dynamics. Continuously monitor industry and regulatory trends for issues that could impact borrowers within the loan portfolio. Typical competitors for the Wealth Advisory portfolio include: Goldman Sachs, U.S. Trust or J.P. Morgan, and, depending on the nature and size of the loan request, range from regional-based competitors to Wells Fargo, Bank of America and Citibank for the Specialty businesses.
Qualifications Required Qualifications Bachelor’s Degree in Accounting, Finance or business, or an equivalent combination of education, training and experience.
Minimum of seven (7) years in structured wealth lending or with large commercial credit solutions.
Demonstrates strong decision making skills and ability to balance business development and risk mitigation.
Excellent proven oral and written communication skills.
Strong client relationship skills.
Demonstrates strong negotiation and persuasion skills during external interactions with clients/prospects and internally with Relationship Management partners and Credit Risk Management.
Experience with structured wealth lending underwriting or with large commercial credit solutions.
Preferred Qualifications Completion of formal bank credit training program from a well-respected financial institution.
Experience with underwriting and monitoring specialty industries, such as law firms or medical practices.
Strong industry and product knowledge.
Strong financial analysis skills and ability to create financial models to analyze projected cash flows and debt repayment.
Solid legal and loan structuring fundamentals.
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Equal Employment Opportunity Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace. EEO is the Law E-Verify IER Right to Work.
Seniority level Not Applicable
Employment type Full-time
Job function Finance and Sales
Referrals increase your chances of interviewing at Truist by 2x
Location Charlotte, NC
Salary: $100,000.00-$160,000.00 (1 month ago)
#J-18808-Ljbffr
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.
Essential Duties And Responsibilities 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 risk ratings, management of covenant compliance and ongoing collateral monitoring.
Have a strong understanding of industry and regulatory trends, including knowledge of competitors and loan market dynamics. Continuously monitor industry and regulatory trends for issues that could impact borrowers within the loan portfolio. Typical competitors for the Wealth Advisory portfolio include: Goldman Sachs, U.S. Trust or J.P. Morgan, and, depending on the nature and size of the loan request, range from regional-based competitors to Wells Fargo, Bank of America and Citibank for the Specialty businesses.
Qualifications Required Qualifications Bachelor’s Degree in Accounting, Finance or business, or an equivalent combination of education, training and experience.
Minimum of seven (7) years in structured wealth lending or with large commercial credit solutions.
Demonstrates strong decision making skills and ability to balance business development and risk mitigation.
Excellent proven oral and written communication skills.
Strong client relationship skills.
Demonstrates strong negotiation and persuasion skills during external interactions with clients/prospects and internally with Relationship Management partners and Credit Risk Management.
Experience with structured wealth lending underwriting or with large commercial credit solutions.
Preferred Qualifications Completion of formal bank credit training program from a well-respected financial institution.
Experience with underwriting and monitoring specialty industries, such as law firms or medical practices.
Strong industry and product knowledge.
Strong financial analysis skills and ability to create financial models to analyze projected cash flows and debt repayment.
Solid legal and loan structuring fundamentals.
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Equal Employment Opportunity Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace. EEO is the Law E-Verify IER Right to Work.
Seniority level Not Applicable
Employment type Full-time
Job function Finance and Sales
Referrals increase your chances of interviewing at Truist by 2x
Location Charlotte, NC
Salary: $100,000.00-$160,000.00 (1 month ago)
#J-18808-Ljbffr