Analyst - Asset Based Lending (Portfolio Management)

Core Information:
Corporate Title: Analyst
Department: Portfolio Management (Asset-Based Lending)
Status: Full-time
About ING:
Ranked #8 on LinkedIn Top Companies in Financial Services
Crain's 100 Best Places to Work
Ragan's Top Places to Work in 2023
ING's purpose is 'Empowering people to stay a step ahead in life and in business'. Every ING colleague contributes to that vision. We champion self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of INGValues (we are honest; we are prudent; we are responsible) and INGBehaviors: (you take it on and make it happen; you help others to be successful; you are always a step ahead).
For us, success will only be achieved if we act with Integrity.
Some companies see diversity as a box to be ticked. We see it as fundamental to our success and we encourage a proper work/life balance. At ING, you will be judged on your performance in line with the Orange Code. And that's a promise.
The Opportunity:
This role is a member of a team that comprises the critical Portfolio Management and reporting foundation of all lending origination and underwriting activity.
As an Analyst in this team your primary responsibility will be the ongoing management of the Asset-Based loan portfolio, with an emphasis on credit monitoring, analytics and internal reporting.
Main Duties and Responsibilities of Role:

• Support the Team Lead in preparing and supporting all facets of the daily operations of the portfolio, including but not limited to:
  • Prepare and submit quarterly and annual credit reviews/packages;
  • Review and compare financial performance to budget, evaluate financial projections and remodel forecast (as needed);
  • Compile and participate in quarterly Credit Risk Management ("CRM") portfolio reviews;
  • Assist in the execution and preparation of amendment and waiver requests, aide in writing credit modifications, submit to risk and address Q&A, and follow-up on the required legal documentation;
  • Assess and track compliance of borrowing bases, collateral, liquidity/availability, covenants and other reporting items (i.e. UCC filings, insurance, etc.) in line with the bank's policy and procedures
  • Perform and review risk ratings for borrowers;
  • Prepare quarterly memorandums for challenging/underperforming credits;
  • 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;
  • Research industry sectors and work with industry coverage colleagues to prepare updates;
• Assume key role in handling internal system processing (Vantage) including GRID, FINAN, TSC, Risk Rater
• Monitor and identify market developments and proactively manage their potential impacts on the portfolio
• Coordinate timely and accurate responseto internal 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
• Participate in discussions with borrowers, private equity firms, and/or agents of syndicated credit facilities

Profile:
Qualifications / Education:
BA/BS in finance/economics/accounting/management/engineering (or similar); CFA a plus
Experience / Knowledge:

• Minimum of 2 years of finance experience; prior Asset-Based Lending experience not required but a plus

Competencies:

• Strong financial and credit analysis capabilities
• Strong financial modeling capabilities
• Excellent presentation and communication skills
• Ability to thrive in a fast-paced environment with multiple competing priorities
• Committed and entrepreneurial individual
• Understanding of risks and critically mitigating such risks
• General knowledge of legal documentation and transaction strucuturing
• Proficient in MS Excel, Word and Powerpoint

Other:

• Case Study including writing sample and a debt modeling test
• References

Base Salary range: $100,000 - $110,000
ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to color, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.
ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.