Description

The primary responsibilities of this position are to ensure the performance of an assigned group of asset based lending (“ABL”) loans are sound and that Republic Business Credit’s (“RBC”) management of loans is following credit policy, operating conditions, and approval conditions as set out in the Client Credit Committee Approval (“CCCA”) document (or as amended by subsequent client reviews and amendments) – collectively “Credit Standards”. To provide an effective and service-orientated interaction with ABL borrowers. To identify and deal with escalated risk issues within the assigned group of ABL loans and bring issues to the Portfolio Manager’s attention as required by Credit Standards.

Responsibilities

• To oversee the management of the assigned group of ABL loans in line with Credit Standards:
  • Ensure all policy exceptions are reviewed and approved in line with Credit Standards including the approval of the Credit Committee as appropriate
  • Identify risk issues through various means of monitoring and analysis, to include but not be limited to collateral performance analysis, financial statement analysis, bank statement reviews, legal documentation reviews, field examination report reviews, and appraisal report reviews
  • Address risk issues as per authorities in the Credit Standards, bringing them to the immediate attention of the Portfolio Manager (and / or senior management as required) if prompt action is required or raising them as a review matter in the regular Portfolio review meetings
  • Ensure all operating and/or funding conditions are complied with for new and existing clients. Liaise with and support the Portfolio Manager for ongoing compliance matters
  • Liaise with field examiners, appraisers, attorneys, and other third parties as required to ensure thorough and accurate work products as well as prudent decision making
  • Ensure any client accommodation is documented and executed within the terms of the Credit Standards and is prudent. The Account Executive will recommend support for or lack thereof for client over-advances and credit amendments in respect of the performance of the client and the client’s collateral
  • Review verification levels of the assigned group of ABL loans and ensure they are in line with Credit Standards, providing guidance for direct targeting of verification activity as necessary to achieve desired levels
  • Review of borrowing bases (“BBC’s”) in line with specific client requirements, and in line with Credit Standards
  • Ensure the appropriate scheduling of appraisals and field examinations and their timely review
  • Perform thorough client reviews on time, as scheduled, and as required by Credit Standards, raising areas of concern and providing recommendations for action
  • Travel by car and/or plane to visit other RBC office locations and clients
• Present in monthly meetings the status of the assigned group of ABL loans to the Portfolio Manager and COO identifying any material client issues and recommend operational strategy in response thereto
• Perform other related duties as needed to support the business as required
• Work in the office as scheduled or otherwise required by the Portfolio Manager or COO, which is expected to be a minimum of three days a week, Tuesday through Thursday, and as business needs arise 

Employer: Republic Business Credit, a subsidiary of Renasant Bank

This position serves Republic Business Credit which is a subsidiary of Renasant Bank. 

REPUBLIC BUSINESS CREDIT AND RENASANT BANK ARE EQUAL OPPORTUNITY EMPLOYERS

Requirements

• Bachelor’s degree or equivalent work experience
• 2 to 5 years of ABL experience
• Thorough understanding of relevant ratios and their calculations
• Strong communication skills
• Strong organizational skills
• Ability to handle clients in a robust but professional manner
• Ability to meet deadlines, manage expectations, and handle multiple priorities simultaneously
• Ability to work with a computer and browser-based platforms as well as various software including but not limited to Word, Excel, Google Sheets, Adobe, Zoom, and Teams
• Strong Microsoft Excel skills
• Effective interpersonal skills with strong oral and written skills
• Strong Problem-solving skills and ability to recommend appropriate solutions
• Ability and willingness to travel bay various means as required to fulfill the duties of the role