Executive Director, Portfolio Management & Portfolio Originations - SMBC
New York, NY 10172
About the Job
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $228,000.00 and $250,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
Sumitomo Mitsui Banking Corporation is hiring an Executive Director - Portfolio Manager. This role is a key position on the Leverage Finance team and will report directly to the Head of Portfolio Management with responsibility for an assigned portfolio of Leverage Loans for large cap and middle market borrowers. The position manages the relationship with the borrower as well as coordinates relationship issues with the Private Equity Sponsor coverage team. This position also manages credit reviews and new business opportunities that arise within the portfolio including underwriting upsizes, dividends, M&A transactions, etc. The Executive Director will supervise and help train associates and analysts in the credit monitoring process.
Role Objectives
- Independently manage borrower relationships both internally and externally including transactions in which SMBC is the Administrative Agent
- Perform quarterly, annual, and ad hoc credit reviews to support internal risk ratings by providing detailed qualitative and qualitative information on the borrower's financial condition to senior managers, credit and risk professionals
- Analyze historical financials and prepare cash flow models for borrower projected financial statements
- Negotiate amendment provisions and underwrite new transactions arising from the portfolio- review structures and credit metrics, evaluate key credit risks and mitigants, and provide recommendation for credit approval
Qualifications and Skills
- 10+ years of experience in a dynamic credit environment including experience with asset based lending structures
- Good background in accounting and financial analysis with strong credit skills
- Ability to analyze historical financial statements and develop and sensitize complex financial models
- Excellent communication skills - both written and verbal – and leadership skills
- Ability to concisely summarize credit positions to senior management, credit and risk departments
Additional Requirements
D&I Commitment
Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.
SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
