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Synovus is an Equal Opportunity Employer committed to fostering an inclusive work environment.
Director, ABL Underwriting
Location
United States
Posted
70 days ago
Salary
0
Seniority
Lead
No structured requirement data.
Job Description
Director, ABL Underwriting
Synovus
Role Description Responsible for managing the documentation and closing of Asset Based Loans to qualified bank clients, as well as managing a portfolio of assigned ABL relationships in adherence with bank policies and procedures. ABL loans can present a higher risk to the bank if not properly managed and constantly monitored. - Performs on-going borrower relationship development and maintenance, including client on-site visits and telephone contact with borrower's senior management to maintain effective knowledge of the borrower's current performance and future needs and strategies. - Assists Commercial and Corporate Bankers within the Synovus system with the qualification of prospects as potential ABL customers. - Works closely with Bankers and ABL senior management during the new deal process, including: - Reviewing field exams - Reviewing loan approval forms - Determining reporting requirements - Determining borrowing base requirements - Reviewing loan documents with borrower and attorney - Establishing relationships with borrower's management - Reviews and evaluates monthly financial and collateral performance, including: - Spreading and analyzing financial statements and budgets - Reviewing collateral trends - Verifying borrower compliance with all financial covenants and reporting requirements - Ensures compliance with Synovus corporate policies and procedures. - Assumes responsibility for the ABL relationship once the loan has closed, including: - Handling any advance requests - Assuring borrower is performing in compliance with covenants - Recommending changes to existing relationship to Bankers and ABL Senior Management - Assumes a leadership role in the ABL Department assisting others in portfolio manager or new business activities as needed. - Develops a comprehensive understanding of borrower's performance based on the monthly review and analysis of financial data and trends, in order to proactively address any needs or issues the borrower may have. - Responsible for maintaining the credit quality of the assigned portfolio by constant management and monitoring, reacting quickly and developing strategies for addressing weaknesses or changes in the borrowers performance or collateral. - Makes the necessary recommendations to ABL management and Synovus lenders to protect the assets of the bank. - May supervise lower-level ABL Portfolio Managers, providing leadership, direction, and growth opportunities. - Each team member is expected to be aware of risk within their functional area, observing all policies, procedures, laws, regulations, and risk limits specific to their role. - Performs other duties and responsibilities as directed by the Sr. Director, Asset Based Lending. Qualifications - Bachelor's Degree in Business Administration, Finance, Accounting, or related field, or an equivalent combination of education and experience - Eight (8) years of lending experience as a Commercial Lender with at least five (5) as an Asset Based Lender Requirements - Advanced knowledge of ABL loan regulations - Knowledge of ABL lending systems - Proven strong credit and analytical skills, with ability to analyze complicated borrower requests - Ability to gather information and provide appropriate solutions - Ability to effectively communicate with borrower's senior management, Synovus lenders and management, and outside professionals - Proven management skills - Strong customer service skills - Organizational skills and attention to detail - Strong oral and written communication skills Company Description Synovus is an Equal Opportunity Employer committed to fostering an inclusive work environment.
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