Full-Time

Senior Portfolio Manager: Corporate Credit/Asset Resolution Group

Posted on 11/8/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior

Orlando, FL, USA + 3 more

More locations: Winston-Salem, NC, USA | Greensboro, NC, USA | Atlanta, GA, USA

Candidates must be in one of the specified locations (Greensboro, Winston Salem, Orlando, Atlanta) a minimum of 3-4 days per week.

Category
Corporate Finance
Risk Management
Finance & Banking
Requirements
  • Bachelor's degree, or equivalent education and related training
  • 5+ years of experience in commercial lending and/or credit experience
  • Comprehensive commercial lending, underwriting, and regulatory knowledge
  • Demonstrated effective problem solving skills
  • Understanding of financial and cost accounting principles
  • Strong interpersonal, written, and communication
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
Responsibilities
  • Support the commercial lending process through underwriting, policy knowledge, credit structuring, and risk assessment in credit request packages in large and complex segments within wholesale lending or specialty lines of businesses. Ensure packages are complete, accurate and thoroughly documented
  • Analyze and/or recommend adjustments to financial statement spreads
  • Interact with client, verbally and in writing, on pending loan requests or portfolio management actions
  • Understand and articulate all Truist Wholesale Credit policies, procedures and processes. Recommend credit within the Bank's risk appetite, and document when and why exceptions are appropriate. May require specialized underwriting skills for Commercial and Industrial, Commercial Real Estate, SBA lending, and other product offerings
  • Exercise prudent credit judgment through individual loan authority, if applicable
  • Engage in the development of teammates by coaching/mentoring, this includes underwriting, policy, credit structuring, risk identification, and utilization of lending authority
  • Effectively manage a team of Portfolio Managers, if applicable
  • Keep abreast of changing business and economic developments which impact the loan portfolio, its profitability, risk management and banking in general

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. Its features include live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, which help RIAs manage their businesses more efficiently. Unlike competitors, Truist provides these services for free and monetizes through a vertically-integrated custodian service, reducing overhead costs for RIAs. The company's goal is to empower RIAs to grow their businesses and enhance client experiences.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

2018

Growth & Insights
Headcount

6 month growth

24%

1 year growth

43%

2 year growth

77%
Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $169M in Series E funding, boosting financial stability and growth potential.
  • Partnerships with Orion and Kwanti enhance platform capabilities and attract more RIAs.
  • Increased demand for digital financial services aligns with Altruist's offerings.

What critics are saying

  • Competition from firms like Robinhood and Betterment could erode Altruist's market share.
  • Continuous tech updates may strain Altruist's financial resources.
  • Integration challenges with new partners may disrupt service delivery.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free fractional share trading and an automated rebalancer.
  • Altruist provides original content and fast onboarding for independent financial advisors.

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