Portfolio Manager - Investment Fund Finance-2400958
Description
TriState Capital Bank is an independent chartered bank subsidiary of Raymond James. Headquartered in Pittsburgh, PA, TriState Capital Bank provides premier private banking, commercial banking, and treasury management products and services to corporate, institutional, and high-net-worth (HNW) clients.
Summary of the Position:
The Investment Fund Finance Portfolio Manager manages the underwriting / credit approval process and ongoing administration of a portfolio of fund finance transactions with a keen eye towards maintaining high credit quality standards and a white-glove client experience.
Primary Functions of the Position:
- Develop and manage counterparty and collateral underwriting and due diligence framework and process, including but not limited to credit due diligence questionnaires, credit review process and counterparty screening process.
- Work closely with the credit risk team to define and perfect rating guidelines and credit limits framework
- Underwrites requests for credit extensions to new and existing clients
- Performs detailed financial analysis on fund finance transactions including subscription lines of credit, fund of hedge funds lending, fund of private equity funds lending and NAV based finance.
- Provide input to key credit and structural terms for legal agreements
- Prepares the following for approval by Senior Loan Committee, Chief Credit Officer and/or Senior Credit Officer:
o Credit Approval Request (CAR)
o Modifications
o Covenant Waivers/Amendments
o Periodic Reviews
- Manages / monitors assigned portfolio for:
o Loan Performance
o Accurate and Timely Risk Rating
o Required Financial Reporting
o Covenant Compliance
o Payment Delinquencies
o Overdrafts
- Ensures compliance with the Bank’s credit policies and procedures, identifying exceptions for approval when
they occur
- Ensures that the initial set-up of credit facilities on internal systems is consistent with the reporting requirements and covenants contained in the loan documents
- Approve loan advances for revolvers based on review of borrowing base information and covenant checking
- Assist with the development of Fund Finance specific review processes including scope, framework and frequency.
- Prepares periodic financial reviews where required
- Ensures the receipt and timely circulation of required financial reporting and covenant compliance
- Accompanies the relationship manager on prospect / client calls when appropriate
- Work closely with the risk and regulatory reporting team to create risk reporting for senior management, board and other external parties such as auditors and regulators
Qualifications
Education and Experience Requirements:
- Bachelor’s Degree in Finance, Accounting, or related field
- Minimum of 5 years of credit analysis and underwriting experience
- Completion of a bank commercial credit training program and experience analyzing alternative investment fund finance transactions strongly preferred
Essential Skills and Abilities:
- Demonstrated knowledge of fund finance transactions
- Excellent organization skills, attention to detail and the ability to work in a fast-paced environment and complete assignments in a timely manner with minimal direction
- Strong written and verbal communication skills
- Strong presentation skills
- Ability to work independently and within a team
- Proficient in various spreadsheet and word processing applications, including the use of graphs and charts
Raymond James Guiding Behaviors At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
- Grow professionally and inspire others to do the same
- Work with and through others to achieve desired outcomes
- Make prompt, pragmatic choices and act with the client in mind
- Take ownership and hold themselves and others accountable for delivering results that matter
- Contribute to the continuous evolution of the firm
At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
Job
Banking
Primary Location
US-NY-New York-New York City
Organization
TriState Capital Bank
Schedule
Full-time
Shift
Day Job
Travel
No
Salary Range: CO, CA, DC, HI, IL, NJ, NY, WA (based on Education, Work Experience, and Geographic Location) $132,000 - $195,000
Thank You
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