Director, Asset Based Lending

Director, Asset Based Lending

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General Function : The Director, ABL Underwriting works with primary responsibility for leading teams through the underwriting process for asset-based transactions at Fifth Third Bank. The team will be primarily comprised of existing ABL professionals within Fifth Third. The ABL team will be responsible for pitching, structuring, and executing ABL solutions across the entire Fifth Third Commercial Bank platform. The Director is a strategic leader and will play a key role in appropriately and effectively positioning Fifth Third's personnel, capabilities and expertise to develop and up tier the firm's relationships with both existing and new ABL clients. Transaction structures will include conventional asset-based lending products. Focused on all aspects of underwriting and deal execution including structuring, deal screening, credit review, loan approval preparation and presentation to credit teams, risk management, funding, operations and loan documentation. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Essential Duties and Responsibilities :

• The team will be responsible for pitching, structuring, and executing ABL transactions to targeted Fifth Third clients.
• Responsible for carrying out day-to-day coverage, origination support, and transaction management responsibilities for existing and prospective clients including covered Sponsors.
• Manages and prioritizes a pipeline of ABL financing opportunities.
• Performs loan structuring, underwriting due diligence and prepares presentation materials of credit for approval.
• Establishes strong working partnerships and routines with key internal partners including loan operations, treasury, and portfolio management.
• Manages third party relationships with attorneys, appraisers, field examiners, consultants and investment bankers.
• Leverages extensive knowledge of asset-based lending and capital markets activity to provide guidance on and effectively work with internal and external constituents to identify and recommend solutions to underwriting and business issues through timely and effective communication.
• Understands and complies with all Bank policies and procedures, and federal and state laws and regulations pertinent to this position; stays informed and shares updates on changes with management. Required to successfully complete all required compliance training.

Supervisory Responsibilities :

Minimum Knowledge, Skills and Abilities Required :

Working Conditions :

Director, Asset Based Lending Total Base Pay Range 119,500.00 - 256,900.00 USD Annual At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day. The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and / or individual performance. Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at : or by consulting with your talent acquisition partner.

Location Chicago, Illinois 60606