Lending | Portfolio Management | Portfolio Management Vice President | New York
About the position:
As a Vice President in this team your primary responsibility will be the ongoing management of the Project Finance loan portfolio, with an emphasis on credit monitoring, analytics and internal reporting. You will have portfolio management responsibilities for a portfolio of project finance loans. This is a leadership position and will require coordination between sector specialists, off-shore portfolio support teams, risk management and junior members of the team.
About the department:
This role is a member of a team that comprises the critical portfolio management and reporting foundation of all lending origination and underwriting activity.
Responsibilities :
- Actively manage all facets of the daily operations of the identified portfolio, including but not limited to:
- Routinely analyze the credit migration trends of the portfolio and individual names;
- Idea generation for value added cross buy or client opportunities;
- Quarterly and annual credit reviews;
- Prepare quarterly Credit Risk Management (“CRM”) portfolio reviews;
- Process amendment and waiver requests, write or review credit modifications, submit to risk and address Q&A, follow-up on the required legal amendments to the documentation until execution;
- Track compliance of financial covenants and other reporting covenants such as construction/ operating reports, insurance, etc.;
- Review annual risk rating updates prepared by an administrative support team;
- Oversee and prepare collateral monitoring reports;
- Prepare and maintain reports as requested by regulators, rating agencies and other external parties;
- Maintain various department and industry databases/trackers;
- Maintain internal portfolio tracking metrics;
- Respond to ad hoc internal requests on portfolio composition and exposure;
- Coordinate and work with offshore portfolio support teams
- Diligent and proactive credit monitoring through the review of all covenanted financial and project information (e.g. financial models, Borrower and Adviser operational / construction progress reports) as well as compliance with all regular reporting activities in line with the bank’s policy and procedures
- Take an acive role in oversight and development of the junior project finance team members
- Interface with relationship managers and sector specialists to ensure an active dialogue on credit trends, challenges and opportunities with individual borrowers
- Responsible for the accurate internal system processing (Vantage) including GRID, FINAN, TSC, Risk Rater
- Monitor and identify market developments and proactively manage their potential impact on the portfolio
- Support Team Lead and coordinate between Portfolio Management/ Origination in order to ensure timely and accurate response to internal (CAS) and external regulatory controls and audits by providing the required insights, reports and samples and by participating in the dialogue if so requested
- Stay up-to-date on organizational operating policies and procedures (i.e. Risk, Legal, etc.) to ensure appropriate protocols are implemented and followed, and facilitate accordingly
- Coordinate with KYC/CDD team
- Assist the team in the execution of new transactions, amendments and refinancings on an as-needed basis
Qualifications and Competencies
- Minimum of 6 years of project finance and/or energy and commodies finance experience required
- BA/BS in finance/economics/accounting/management/engineering (or similar);
- CFA a plus
- Spanish proficiency a plus.
- Strong financial and credit analysis capabilities
- Strong financial modeling capabilities
- Knowledge of the industry and experience with project finance structure
- Excellent presentation and communication skills
- Ability to thrive in a fast-paced environment with multiple competing priorities
- Committed and dedicated individual
- Understanding of risks associated with project finance
- Knowledge of Legal Documentation
- Proficient in MS Excel and Word
Other:- Case Study including writing sample and a debt modeling test
- References
Salary range: $185K - $240K
In addition to comprehensive health benefits, a generous 401k savings plan, and competitive PTO, ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with commuting and fitness.
