Truist Financial

ABL Asset Manager

Truist Financial$165K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • BA/BS degree required
  • 7-11 years of relevant experience in asset-based lending
  • Strong technical proficiency in financial analysis and modeling
  • Excellent analytical skills to distill complex data
  • Interpersonal skills that promote teamwork and accountability
  • Ability to collaborate effectively across functional teams

Responsibilities

  • Manage and mitigate credit risk within ABL portfolio transactions
  • Prepare accurate amendment memos, trend cards, and problem loan reports
  • Ensure compliance with Truist policies and regulatory requirements
  • Restructure and manage problem loans with input from risk partners
  • Control ABL credit and operational risk within approved levels
  • Collaborate with various departments to achieve strategic objectives
  • Mentor and develop junior team members

Benefits

  • Comprehensive medical, dental, and vision coverage
  • Life insurance and disability benefits
  • Tax-preferred savings accounts
  • 401k plan with company contributions
  • Minimum of 10 days vacation and 10 sick days in the first year
  • Paid holidays
  • Potential eligibility for defined benefit pension plan and restricted stock units
Full Job Description
Manage a portfolio of Asset Based Lending (ABL) transaction for the overall credit quality, collateral monitoring financial analysis, risk mitigation while adhering to all operational/regulatory compliance. Work closely with Truist clients to manage the ABL loans, meet client needs and to perform ongoing portfolio monitoring within Truist risk tolerances. Actively work with other functional groups to ensure ABL attains its revenue, income, credit quality and other financial objectives. Teammates should have strong written and verbal communication skills. Essential Duties and Responsibilities 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.  1. Manage/mitigate credit risk of ABL portfolio transactions.     2.    Complete on-time, accurate, well-articulated amendment memos, trend cards, and problem loan reports; maintain risk ratings and financial spread; maintain credit files, manage collateral diligence including review and analysis of field exams and appraisals and maintain regulatory requirements.  3.    Understand and adhere to various Truist policies, processes, procedures and regulatory requirements. 4.    Restructure and manage problem loans with input from risk partners. 5.    Manage ABL credit, operational and market risk within pre-approved risk tolerance levels. 6.    Work with originations, structuring, legal, compliance and risk partners to align strategic objectives, share market knowledge, and facilitate seamless execution. 7.    Work closely with and develop junior talent. 8.    Demonstrate Truist culture and values. Required Qualifications: 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. 1.    BA/BS degree 2.    7-11 years of related work experience 3.    Strong technical skills, (including financial analysis, modeling,)  4.    Demonstrated analytical skills – ability to distill complex data into concise and relevant issues. 5.     Strong interpersonal skills which foster teamwork, trust and accountability 6.    Demonstrated ability to collaborate across functional areas to facilitate execution Preferred Qualifications: 1.    MBA degree, with a Finance focus 2.    Diversified product structuring/underwriting/portfolio management experience - The annual base salary for this position is $165,000 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 . 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.

About Truist Financial

Truist Financial Careers

Join the dynamic team at Truist Financial, a leader in the financial services sector, and propel your career to new heights. At Truist Financial, we offer more than just job opportunities; we provide a platform for professional growth and innovation in an environment that values diversity and leadership.

Why Truist Financial?

At Truist Financial, we are committed to building a diverse and inclusive workplace where every team member is empowered to contribute their unique skills and perspectives. We believe that our strength lies in our diversity, and we are dedicated to fostering a culture that embraces the differences that make each of us unique.

Explore a World of Opportunities

Whether you're seeking your first internship or a seasoned professional looking to advance your career, Truist Financial offers a range of employment opportunities across various disciplines. Our team is growing, and we are constantly looking for talented individuals who are eager to make an impact.

Innovate and Lead

Join us and be part of a culture of innovation where your ideas can help shape the future of banking. At Truist Financial, you’ll work alongside industry leaders and have access to cutting-edge resources that foster continuous professional development and innovation.

Develop Your Career

Truist Financial is deeply invested in the career progression of our employees. We offer robust training programs, including leadership development and diversity training, to ensure you have the tools needed to succeed. Our commitment to your growth is reflected in our comprehensive benefits package, designed to support you both professionally and personally.

Networking and Professional Development

Enhance your professional network and connect with like-minded colleagues through our various networking events and community engagement initiatives. At Truist Financial, we believe in the power of connections and the impact they can have on your career.

Join Our Team

Ready to take the next step in your career? Explore the current job openings at Truist Financial. We are hiring across multiple departments, looking for passionate, curious, and innovative individuals to join our team. Check out our available positions and find the one that best matches your skills and interests.

Prepare for Your Interview

Make a great first impression. Visit our Careers page for tips on how to craft a compelling resume and succeed in your interview at Truist Financial. We are excited to see how you can contribute to our team and help us drive the future of banking.

Stay Connected

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Learn more about Truist Financial
Size
50,283 employees
Market Cap
$56.6 billion
Industry
5 Year Trend
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