Truist Credit Portfolio Manager II in Charlotte, North Carolina
Req ID: R0043435
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Regular or Temporary:
Language Fluency: English (Required)
1st shift (United States of America)
Please review the following job description:
The Credit Portfolio Manager II 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 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 Credit Portfolio Manager II will handle all loan requests above $10MM but some requests could be in excess of $100MM.
The Credit Portfolio Manager II primarily provides support to the senior Credit Portfolio Managers, including client support, credit underwriting and structuring, and portfolio management activities, as needed. Has demonstrated proficiency with Credit PM functions and provides this support when needed. At the Associate level, is developing an in-depth knowledge of Truist products, is increasing responsibility and proficiency in calling/managing portfolio relationships.
Essential Job Duties
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
Independently structure loan terms, covenants and pricing to recommend deals to credit risk management.
Role will handle 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 complexity, and could include both 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; involved in the closing process for portfolio loan transactions.
Manage end-end credit delivery process, in partnership with cross-functional partners such as internal legal and/or outside counsel, loan fulfillment, and loan servicing, in order to meet client expectations.
Actively communicate throughout the process with the advisor team, and in some cases directly with the client, in order to manage expectations.
Engage with clients and prospects to understand financial profile and discuss credit opportunities.
Manage 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 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.
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelor’s Degree in Accounting, Finance or business, or an equivalent combination of education, training and experience.
Minimum of five (5) years of related credit training and experience.
Excellent oral and written communication skills.
- Completion of formal bank credit training program from a well-respected financial institution. Solid industry and product knowledge. Solid financial analysis skills and ability to create financial models in order to analyze projected cash flows and debt repayment.
Truist supports a diverse workforce and is an Equal Opportunity Employer who does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Drug Free Workplace.
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