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Sr. Director - Portfolio Management
Ally
Bethesda, MD, United States
Job Details - this job has expired, please see similar jobs below
Ally Requisition #
18-5061
Job Description
The Senior Director, Portfolio Management is primarily responsible for managing a portfolio of 10-12 senior leveraged loans extended to middle market portfolio companies owned primary by private equity sponsors. Individuals work with other senior members of the team to develop and implement a strategy for managing the credit risks involved with specific portfolio companies, in accordance with established corporate policies with a goal of minimizing loan losses. The Senior Director typically handles the more complex transactions and important referral source relationships, and is the primary interface between the borrower and CF and as such is responsible for balancing the needs and expectations of the borrower with policies, procedures and risk tolerances of Ally CF. Additionally, the role frequently interfaces with CF senior management, Ally Risk, referral sources, sponsor groups, bank syndicate members, management teams and Ally CF support functions, including credit approval, legal, loan administration and operations. The Senior Director, Portfolio Management plays instrumental lead role in developing and training junior level staff. Individuals with demonstrated capabilities and experience may also manage a team of portfolio managers with the responsibility of leading/mentoring the team.
Job Responsibilities
• Know the client and the client's business
• Minimize risk
• Execute corporate governance responsibilities
• Identify New Business Opportunities
• Underwritings -- Prepare underwriting memorandum for loan modifications applicable to portfolio
• Mentor and train less experienced team members
• Manager of people: manage and develop a team of portfolio managers
• Assist in creating/maintaining a strong credit culture
Qualifications
• Required BA in Business, Accounting, Finance, Economics or related field or any degree with relevant professional experience required
• 12+ years of progressive portfolio management/underwriting experience with relevant focus in the leverage lending sector
• 5+ years managing a team (for people management role)
• Experience in any of the following: auditing, banking, commercial lending, underwriting, financial analysis, credit analysis, collateral management
• Proven success in relationship management
• Master's degree preferred
• Completion of bank/finance company credit training program preferred
• Excellent communication (verbal and written), interpersonal and organizational skills
• Highly analytical, detail oriented with problem solving capability
• Ability to work independently with demonstrated strong time management skills
• Well-developed presentation and relationship building skills
• High level of accountability and the ability to effectively prioritize tasks
• Technical: Advanced knowledge of MS Office: Excel, Word, PowerPoint Access and financial forecast models
Business Unit/Enterprise Function
Ally Corporate Finance (CF) provides customized secured commercial loans to private-equity and/or venture capital backed companies based in North America. Our loans are used by clients to facilitate acquisitions, fund working capital, growth/capital expenditures, and restructurings. CF focuses on manufacturers, distributors/wholesalers, and service businesses but also has specialty lending teams that cover healthcare and technology businesses. We are headquartered in New York and have offices in major cities across the U.S.