Portfolio Manager Sr - ABL

The Porfolio Manager/Underwriter position focuses on credit underwriting and review of prospects and/or existing client relationships for City National Bank asset-based lending group. The Porfolio Manager/Underwriter is an experienced credit professional capable of independent activity on complex credit transactions. The Porfolio Manager works in a team setting with business development officers, relationship managers, portfolio manager and product partners and is responsible to develop, structure, analyze, covenant, document, close and fund asset-based transactions. Interfaces directly with clients and prospects, financial sponsors and/or financial intermediaries (including outside accountants, legal counsel, appraisers, field examiners, etc.).

The Porfolio Manager/Underwriter must have a full understanding of City National Bank’s asset-based finance credit policies in order to identify and resolve issues during the underwriting, documentation and closing processes. Candidates should have exceptional analytical and organizational skills with the ability to multi-task and manage changing priorities as well as strong demonstrated credit, interpersonal and written communication skills. Transactions range from sole bank financings to agented and participation roles in large syndicated credit facilities.

Essential Responsibilities:

• The Porfolio Manager/Underwriter is responsible for underwriting new business transactions by conducting industry and company research; analyzing financial statements and preparing complete and accurate initial credit memorandums so informed decisions can be made related to asset based lending opportunities. The Underwriter will work closely with senior management and business development officers to ensure that credit decisions are properly analyzed and documented and that the credit function is in compliance with Bank and regulatory policies.
• Determine the credit worthiness of prospective clients by analyzing financial statements, projections, appraisals, meeting and interviewing the prospective client’s management team and analyzing and obtaining a detailed understanding of the prospective client’s cash flows and balance sheet.
• Prepare credit memos in a clear and concise manner and present recommendations to senior approvers that balance marketability with prudent risk management
• Negotiate appropriate terms and conditions for complex transactions and work with deal teams to ensure appropriate documentation is in place.
• Identify critical transactional and structural risks and propose appropriate structuring alternatives to mitigate those risks.
• Ensure compliance with all policy and regulatory requirements.
• Independently manage workflow to balance competing priorities and ensure all deadlines are met.
• Other projects and assignments as requested including, prospect review and analysis and process improvement initiatives.

• Teamwork: Mentors junior colleagues, fosters a culture of continuous improvement and professional growth.
• Portfolio Management: Owns and manages an assigned credit portfolio, ensuring alignment with organizational goals and risk management practices, including underwriting all types of credit exposures, managing credit risk, and responding to prospective client inquiries.
• Credit Analysis: Analyzes credit data and perform underwriting to assess creditworthiness and recommend appropriate structures to the Sales team and client. Prepare underwriting memorandums and approval documents for presentation to Credit Risk.
• Performance Monitoring: Performs portfolio management activities to monitor and analyze portfolio performance, including periodic reviews and covenant tracking.
• Data Analysis: Analyzes credit data to support underwriting and creditworthiness assessments including developing and presenting individual credit recommendations.
• Risk Management: Practices effective risk management, maintaining high standards of credit quality and origination in alignment with Bank’s credit risk appetite, and compliance with institutional and regulatory requirements.
• Collaboration: Partners with Relationship Manager(s) to successfully manage credit account relationships. Work closely with cross-functional teams to ensure cohesive and effective credit operations to achieve the Bank’s strategic initiatives. Participate in ad-hoc projects to support the organization’s priorities.
• Client Service: Provides exceptional client service by maintaining professionalism and effectively interacting with clients to understand their needs and provide tailored credit solutions. Participate in joint sales pitches with Relationship Manager(s).

• Bachelor's Degree or equivalent in Finance, Business, or related field
• Minimum 7 years of progressively increasing credit underwriting and portfolio management experience in relevant industry/industries *asset-based lending