Job Description Summary

The Investment Fund Finance Portfolio Manager manages the underwriting / credit approval process and ongoing administration of a portfolio of fund finance transactions with a key focus on high quality credit standards and white-glove client experiences.

Job Description

Primary Functions of the Position:

Develop and manage underwriting and due diligence framework and process for counterparty and collateral, including but not limited to credit due diligence for transactions, periodic credit reviews and counterparty/ collateral review and analysis.
Work closely with the credit risk team to define and perfect rating guidelines and credit limits framework
Provides underwriting analysis for credit extensions to new and existing clients
Performs detailed financial analysis on fund finance transactions including subscription lines of credit, fund of hedge funds lending, fund of private equity funds lending and NAV based finance.
Provide input to key credit and structural terms for legal agreements
Prepares the following for approval by Senior Loan Committee, Chief Credit Officer and/or Senior Credit Officer :
- Credit Approval Request (CAR)
- Modifications
- Covenant Waivers/Amendments
- Periodic Reviews
Manages / monitors assigned portfolio for:
- Loan Performance
- Accurate and Timely Risk Rating
- Required Financial Reporting
- Covenant Compliance
- Payment Delinquencies
- Overdrafts
Ensures compliance with the Bank’s credit policies and procedures, identifying exceptions for approval when they occur
Ensures that the initial set-up of credit facilities on internal systems is consistent with the reporting requirements and covenants contained in the loan documents
Approve loan advances for revolvers based on review of borrowing base information and covenant checking
Assist with the development of Fund Finance specific review processes including scope, framework and frequency.
Prepares periodic financial reviews where required
Ensures the receipt and timely circulation of required financial reporting and covenant compliance
Accompanies the relationship manager on prospect / client calls when appropriate
Work closely with the risk and regulatory reporting team to create risk reporting for senior management, board and other external parties such as auditors and regulators

Highly Preferred Candidate Qualifications:

Bachelor’s Degree in Finance, Accounting, or related field
Minimum of 5 years of credit analysis and underwriting experience
Completion of a bank commercial credit training program and experience analyzing alternative investment fund finance transactions strongly preferred

Essential Skills and Abilities:

Demonstrated knowledge of fund finance transactions
Excellent organization skills, attention to detail and the ability to work in a fast-paced environment and complete assignments in a timely manner with minimal direction
Strong written and verbal communication skills
Strong presentation skills
Ability to work independently and within a team
Proficient in various spreadsheet and word processing applications, including the use of graphs and charts

Education

Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance

Work Experience

General Experience - 3 to 6 years

Certifications

Certified Anti-Money Laundering Specialist (ACAMS) - Association of Certified Anti-Money Laundering Specialists (ACAMS)

Salary Range

$80,000.00-$195,000.00

Travel

Less than 25%

Workstyle

Resident

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave. Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

Learn more about this Employer on their Career Site

Portfolio Manager - Fund Finance