Full-Time

Senior Portfolio Manager: Corporate Credit/Asset Resolution Group

Confirmed live in the last 24 hours

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. No full remote/telecommute. No relocation assistance.

Category
Commercial Banking
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 and serve more clients at lower costs. Unlike competitors, Truist provides these services for free, monetizing through a vertically-integrated custodian service that reduces 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

40%

2 year growth

73%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $169M Series E funding round indicates strong investor confidence and provides substantial capital for further innovation and expansion.
  • Collaborations with leading providers like Orion Advisor Solutions and Kwanti enhance Altruist's platform capabilities, making it more attractive to RIAs.
  • Acquiring Shareholders Service Group expands Altruist's service offerings and client base, positioning it to compete with industry giants like Schwab and Fidelity.

What critics are saying

  • The competitive landscape in the RIA market includes established players like Schwab and Fidelity, which could challenge Altruist's growth and market penetration.
  • Rapid expansion and multiple integrations may lead to operational complexities and potential service disruptions.

What makes Truist unique

  • Altruist offers a simplified tech stack specifically designed for RIAs, unlike broader financial platforms that cater to multiple financial service providers.
  • Their commission-free fractional share trading and automated rebalancer features provide cost-effective solutions that are not commonly bundled together in competing platforms.
  • The vertically-integrated custodian service allows Altruist to streamline operations and reduce overhead costs for RIAs, setting it apart from traditional custodial services.

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