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    Portfolio Management - New York, United States - I.N.G. Group, LLC

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    Description
    Core Information:

    Corporate Title: Associate

    Department: Portfolio Management

    Status: Full-time

    About ING:

    Ranked #8 on LinkedIn Top Companies in Financial Services

    Crain's 100 Best Places to Work

    Ragan's Top Places to Work in 2023

    ING's purpose is 'Empowering people to stay a step ahead in life and in business'. Every ING colleague contributes to that vision. We champion self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of ING Values (we are honest; we are prudent; we are responsible) and ING Behaviors: (you take it on and make it happen; you help others to be successful; you are always a step ahead).

    For us, success will only be achieved if we act with Integrity.

    Some companies see diversity as a box to be ticked. We see it as fundamental to our success and we encourage a proper work/life balance. At ING, you will be judged on your performance in line with the Orange Code. And that's a promise.

    The Opportunity:

    This role is a member of a team that comprises the critical portfolio management and reporting foundation of all lending origination and underwriting activity.

    As an Associate in this team your primary responsibility will be the ongoing management of the Project Finance loan portfolio, with an emphasis on credit monitoring, analytics and internal reporting.

    Main Duties and Responsibilities of Role:
    • Support the Team Lead in preparing and supporting all facets of the daily operations of the portfolio, including but not limited to:
      • Quarterly and annual credit reviews;
      • Prepare quarterly Credit Risk Management ("CRM") portfolio reviews;
      • Process amendment and waiver requests, write or review credit modifications, submit to risk and address Q&A, follow-up on the required legal amendments to the documentation until execution;
      • Track compliance of financial covenants and other reporting covenants such as construction/ operating reports, insurance, etc.;
      • Assist the team in the execution of new transactions, amendments and refinancings on an as-needed basis;
      • Prepare and maintain financial projections for portfolio names;
      • Prepare and maintain reports as requested by regulators, rating agencies and other external parties;
      • Maintain various department and industry databases/trackers;
      • Maintain internal portfolio tracking metrics;
      • Respond to ad hoc internal requests on portfolio composition and exposure;
      • Coordinate and work with offshore portfolio support teams;
      • Work with Sector colleagues to prepare quarterly sector updates.
    • Assume key role in handling internal system processing (Vantage) including GRID, FINAN, TSC, Risk Rater
    • Diligent and proactive credit monitoring through the review of all covenanted financial and project information (e.g. financial models, Borrower and Adviser operational / construction progress reports) as well as compliance with all regular reporting activities in line with the bank's policy and procedures
    • Monitor and identify market developments and proactively manage their potential impact on the portfolio
    • Support Team Lead and coordinate between Portfolio Management/ Origination in order to ensure timely and accurate response to internal (CAS) and external regulatory controls and audits by providing the required insights, reports and samples and by participating in the dialogue if so requested
    • Stay up-to-date on organizational operating policies and procedures (i.e. Risk, Legal, etc.) to ensure appropriate protocols are implemented and followed, and facilitate accordingly
    • Coordinate with KYC/CDD team
    Profile:

    Qualifications / Education:
    • Minimum of 3 years of project finance and/or energy and commodies finance experience required
    • BA/BS in finance/economics/accounting/management/engineering (or similar);
    • CFA a plus
    • Spanish proficiency a plus.
    Experience / Knowledge:

    Competencies:
    • Strong financial and credit analysis capabilities
    • Strong financial modeling capabilities
    • Knowledge of the industry and experience with project finance structure
    • Excellent presentation and communication skills
    • Ability to thrive in a fast-paced environment with multiple competing priorities
    • Committed and dedicated individual
    • Understanding of risks associated with project finance
    • Knowledge of Legal Documentation
    • Proficient in MS Excel and Word
    Other:
    • Case Study including writing sample and a debt modeling test
    • References
    Salary range: $130K - $165K

    ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to color, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.

    ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.

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