I.N.G. Group, LLC
Portfolio Management - Vice President
I.N.G. Group, LLC, New York, New York, us, 10261
Core Information:
Corporate Title: Vice President
Department: Portfolio Management
Status: Full-timeAbout 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 a Vice President 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. You will have portfolio management responsibilities for a portfolio of project finance loans. This is a leadership position and will require coordination between sector specialists, off-shore portfolio support teams, risk management and junior members of the team.Main Duties and Responsibilities of Role:Actively manage all facets of the daily operations of the identified portfolio, including but not limited to:
Routinely analyze the credit migration trends of the portfolio and individual names;Idea generation for value added cross buy or client opportunities;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.;Review annual risk rating updates prepared by an administrative support team;Oversee and prepare collateral monitoring reports;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
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 proceduresTake an acive role in oversight and development of the junior project finance team membersInterface with relationship managers and sector specialists to ensure an active dialogue on credit trends, challenges and opportunities with individual borrowersResponsible for the accurate internal system processing (Vantage) including GRID, FINAN, TSC, Risk RaterMonitor and identify market developments and proactively manage their potential impact on the portfolioSupport 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 requestedStay up-to-date on organizational operating policies and procedures (i.e. Risk, Legal, etc.) to ensure appropriate protocols are implemented and followed, and facilitate accordinglyCoordinate with KYC/CDD teamAssist the team in the execution of new transactions, amendments and refinancings on an as-needed basisProfile:
Qualifications / Education:
BA/BS in finance/economics/accounting/management/engineering (or similar); CFA a plusExperience / Knowledge:Minimum of 6 years of relevant experienceCompetencies:Strong financial and credit analysis capabilitiesStrong financial modeling capabilitiesExcellent presentation and communication skillsAbility to thrive in a fast-paced environment with multiple competing prioritiesCommitted and dedicated individual who will continuously improve the way the team worksSelf-motivated and willing to work in a deal oriented and deadline driven environmentExperience taking internal credit approval processes from start to finishExcellent understanding of GAAP accounting statements & principlesUnderstanding of risks associated with project financeKnowledge of Legal DocumentationProficient in MS Excel and WordOther:Case Study including writing sample and a debt modeling testReferences
Salary range: $180K - $240K
In addition to comprehensive health benefits, a generous 401k savings plan, and competitive PTO, ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with working from home, commuting, and fitness.
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.
Corporate Title: Vice President
Department: Portfolio Management
Status: Full-timeAbout 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 a Vice President 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. You will have portfolio management responsibilities for a portfolio of project finance loans. This is a leadership position and will require coordination between sector specialists, off-shore portfolio support teams, risk management and junior members of the team.Main Duties and Responsibilities of Role:Actively manage all facets of the daily operations of the identified portfolio, including but not limited to:
Routinely analyze the credit migration trends of the portfolio and individual names;Idea generation for value added cross buy or client opportunities;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.;Review annual risk rating updates prepared by an administrative support team;Oversee and prepare collateral monitoring reports;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
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 proceduresTake an acive role in oversight and development of the junior project finance team membersInterface with relationship managers and sector specialists to ensure an active dialogue on credit trends, challenges and opportunities with individual borrowersResponsible for the accurate internal system processing (Vantage) including GRID, FINAN, TSC, Risk RaterMonitor and identify market developments and proactively manage their potential impact on the portfolioSupport 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 requestedStay up-to-date on organizational operating policies and procedures (i.e. Risk, Legal, etc.) to ensure appropriate protocols are implemented and followed, and facilitate accordinglyCoordinate with KYC/CDD teamAssist the team in the execution of new transactions, amendments and refinancings on an as-needed basisProfile:
Qualifications / Education:
BA/BS in finance/economics/accounting/management/engineering (or similar); CFA a plusExperience / Knowledge:Minimum of 6 years of relevant experienceCompetencies:Strong financial and credit analysis capabilitiesStrong financial modeling capabilitiesExcellent presentation and communication skillsAbility to thrive in a fast-paced environment with multiple competing prioritiesCommitted and dedicated individual who will continuously improve the way the team worksSelf-motivated and willing to work in a deal oriented and deadline driven environmentExperience taking internal credit approval processes from start to finishExcellent understanding of GAAP accounting statements & principlesUnderstanding of risks associated with project financeKnowledge of Legal DocumentationProficient in MS Excel and WordOther:Case Study including writing sample and a debt modeling testReferences
Salary range: $180K - $240K
In addition to comprehensive health benefits, a generous 401k savings plan, and competitive PTO, ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with working from home, commuting, and fitness.
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.