| Location: |
IL-Chicago
Lower Midwest (IL, IN, IA, KS, KY, MO, NE & OH) |
| Salary Range: |
110,000 - 150,000 |
| Total Compensation: |
110,000 - 175,000 |
| Job Description: |
Vice President of Asset Based Lending will underwrite new asset based loans to corporate and industrial borrowers in leveraged buyout, distressed, recapitalization or high growth situations.ALB underwriter will complete a comprehensive loan financing memorandum and facilitating the loan approval processAssess the creditworthiness of prospective clients by working closely with the Business Development Officers, Relationship Managers, Senior Credit Officers and management.Develop a solid working relationship with prospective borrowers, key referral sources (Private equity firms, investment banks, bank groups, syndication groups, etc.) and other potential senior/junior lending partners. Coordinate and schedule and analyze appraisals, valuations and field examinations. This position will facilitate the loan approval process prior to credit committee approval. Post approval coordinates the take-over field examination and documentation. |
| Education and Certifications/Licenses: |
Bachelor's, None, None |
| Mandatory Minimum Qualifications: |
Minimum of five years experience in Asset Based Lending. ABL Underwriting experience required, including legal documentation and loan closing experience. Oriented toward a deal driven environment and be capable of managing multiple transactions simultaneously under tight time pressure. |
| Preferred Qualifications: |
Exposure/experience within the leveraged cash flow or asset based lending business is helpful but not required. Business/Accounting/Finance/Economics degree preferred. MBA a plus. Some travel required. |
| Benefits: |
Competitive
|
| Overnight Travel: |
Limited Travel |
| Relocation Assistance: |
No |
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