Address
Form of workLending, Head of Portfolio Management - Project & Real Estate Finance, New York
About ING:
Ranked #8 on LinkedIn Top Companies in Financial Services and named to Crain's 100 Best Places to Work
In Americas, ING's Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients.
When you come to work at ING, you're joining a team where individuality isn't just accepted, it's encouraged. We've built a culture that's fun, friendly and supportive - it's the kind of place where you can be yourself and make the most of whatever you have to offer.
We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We're here to help you get ahead. And with our global network, there's plenty of scope to take your career in new directions, perhaps even ones you've never considered.
Sound like the kind of place you'd feel at home? We'd love to hear from you.
About the position:
This role is manager of a team that comprises the critical Portfolio Management and reporting foundation of all Project Finance loans booked in the Americas.
As the leader of 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. This is a leadership position and will require coordination between sector specialists, offshore portfolio support teams, risk management and junior members of the team.
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;
- 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 preparation of 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
- Oversee multiple PMs on a project-basis to ensure proper training and development to ensure the success of efforts within their remit
- Responsible for the accurate internal system processing (Vantage) including GRID, FINAN, TSC, Risk Rater
- Interface with relationship managers and sector specialists to ensure an active dialogue on credit trends, challenges and opportunities with individual borrowers
- Monitor and identify market developments and proactively manage their potential impact on the portfolio
- Coordinate with origination and Transaction Management teams 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
- Implement strategic initiatives, including enhancements to the credit monitoring process to improve business efficiency
- Identify productivity trends across the Front Office organization and use insights from reporting to create and drive efficient processes and improve productivity
- Ensure an excellent level of service and high quality output
- Implement transformation projects
- Manage lending limits and Capital Velocity programs
- Lead a team, including team leads, which involves all aspects of people management such as recruitment, job training, individual development plans, job diversification, workload balancing and career path monitoring
Qualifications and Competencies:
- BA/BS in finance/economics/accounting/management/engineering (or similar); MBA and/or CFA a plus
- 8+ years of relevant experience specifically within Project Finance
- Strong financial and credit analysis capabilities
- Strong financial modeling capabilities
- Ability to take internal credit approval processes from start to finish
- Excellent understanding of GAAP accounting statements & principles
- Understanding of risks associated with Project Finance
- Excellent presentation and communication skills
- Committed and dedicated individual who will continuously improve the way the team works
- Strong leadership and talent development skills
Salary Range: $250,000 - $325,000
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.
