Reporting directly to the Senior Manager – Loan Trading Desk, this role works closely with other Lending areas and Finance to administer Alliant’s portfolio of purchased/participated loan assets. Coordinates the activities of internal departments, third-party vendors, other investors, and borrowers to ensure the satisfactory performance of the purchased/participated portfolio. Develops standardized procedures, practices, and systems to guide how key contributors interact with that portfolio. Monitors covenant and stipulation compliance and conducts physical site visits as necessary. Anticipates threats to portfolio performance and develops strategic action plans responding to those threats. Maintains and communicates a detailed working knowledge of all key portfolio attributes as necessary to satisfy important stakeholders such as internal audit, credit committee, the board of directors, and supervising agencies. Supports credit risk underwriting and monitoring activities through the development of scorecards and analysis of assets/counterparties. This position requires approximately 20% travel.
- Borrower and counterparty relations and communication.
- Develops strong working relationships with operational personnel in origination, servicing, and accounting/finance roles
- Maintains direct and open lines of communication with counterparties and borrowers as necessary to manage portfolio assets and relationships
- Credit, counterparty, and portfolio monitoring, administration, and documentation.
- Enforces contract terms and loan covenants
- Monitors asset and partner performance and in some cases conducts annual reviews, analyses, and in some cases commissions independent reports and reviews
- Prepares and maintains complete files and documentation on counterparties, loans, loan pools
- Site visits and fieldwork as necessary to underwrite/manage assets and counterparties.
- Visit and inspect partner and borrower facilities and operations
- Prepare and complete checklists documenting site visits
- Coordinate visits by other Alliant departments and third parties as necessary
- Operational and due-diligence support of transaction negotiations.
- Evaluate policy, procedure, and practice of potential counterparties and borrowers
- Prepare reports and analyses to inform underwriting and new-deal negotiation
- Advise on the operational procedure and documentation requirements for set up of standing programs and long-term partnerships.
Undergraduate degree in finance, economics, business management, or related discipline required. Graduate credentials preferred. Minimum of 3 years professional experience in portfolio management of banking/finance related debt assets required. Credit review/underwriting experience preferred. Experience working within state and Federal financial services regulatory frameworks is preferred (NCUA, FDIC, OTS, Fed, etc.). Prior experience with internal/external auditors and regulator exams of debt-based assets a plus. Must be a self-managed self-starter capable of balancing multiple tasks and proactively prioritizing activities in changing conditions with minimum supervision. Must be politically savvy and capable of interacting with a wide range of personalities and functional groups. Strong communication skills – especially verbal, written, and numerical – are required. Must be proficient in the use of office productivity technology, especially the advanced use of spreadsheet and word processing software. Should be familiar with the current competitive, economic, and regulatory environment of credit unions, banks, and investment finance.