Vice President Portfolio Management Underwriter-ING Bank N.V.
Corporate Title: Vice President/Underwriter & Portfolio Manager
Department: Asset-Based Lending
Line Manager: Managing Director of the Team
Status: Full-time
Overview:
About ING:
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 ING Values (we are honest; we are prudent; we are responsible) and ING Behaviours: (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:
The Asset-Based Lending Team based in LA is seeking a Vice President/ Underwriter and Portfolio Manager. This is a critical position for a fast-growing team that provides senior secured financing to leveraged issuers consisting of both privately owned and public companies.
Main Duties and Responsibilities of Role:
- Lead the underwriting of new business transactions with the assistance of an Associate and/or Analyst;
- Assume key role in preparation of initial screening memos and credit approval packages, including due diligence, financial modeling, and credit documentation review for new transactions;
- Ongoing portfolio management responsibility for a group of selected accounts – monitoring and tracking credit performance, executing amendment requests, etc;
- Prepare operating and LBO models, comp sheets, rating models, economic return models, and collateral documents.
- Manage and expand client relationships through partnering with various product partners to deliver ING’s various product offerings.
- Oversee maintenance of credit files and loan documentation.
- Collaborate with Risk Management and Loan Operations.
- Assist with KYC diligence and processing.
Requirements:
You will have:
- A Bachelor’s or Master’s Degree in Finance, Accounting, Business, Economics, Mathematics or closely related quantitative field
- 7 years of relevant ABL and/or cash flow/leveraged finance experience
- Asset-Based Lending background not required but is a plus
- Deep understanding of GAAP accounting principles and comfort with core financial statements (income statement, cash flow statement and balance sheet)
- High proficiency in MS Office (Excel, Word, PowerPoint): The individual will possess excellent excel skills and be able to expeditiously build a fully-functional dynamic, financial model
- Fundamental understanding of the capital markets and debt products
- Progress towards a CFA or CPA is a plus
- Credit training is a positive
Competencies
- Strong written and verbal communication skills
- You are a driven individual with ability to work under limited direct supervision
- You are a standout colleague and an exceptional teammate
- You are highly detail oriented and able to handle several projects at a time in a fast-paced environment
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 distinctive perspective to innovate and seize new opportunities. Come as you are.