Asset Finance Portfolio Manager I

The Citizens Asset Finance Portfolio Manager I role provides primary client management for an assigned portfolio of Asset Finance leases and loans. The role partners closely with Relationship Managers to service existing clients, support new business development, and manage portfolio risk. The Portfolio Manager independently handles non-routine servicing matters and risk-related issues and collaborates extensively with business line managers, product partners, Credit Risk Management, and colleagues across Citizens.

This role reports to the Asset Finance Portfolio Team Leader and regularly presents portfolio credits to senior management for initial approval and ongoing reviews.

Key Responsibilities

• Manage and monitor an assigned Asset Finance portfolio, including preparation and presentation of periodic portfolio reviews
• Track and verify covenant compliance and maintain accurate portfolio risk ratings
• Prepare, review, and approve credit requests, including amendments and restructurings, providing independent credit perspective
• Assess credit performance, industry trends, policy compliance, and underwriting quality; recommend risk mitigation and structural improvements
• Review and assist with onboarding new Asset Finance credits
• Partner with Relationship Managers and deal teams to evaluate deal viability, structure, pricing, asset and residual risk, documentation, and legal considerations
• Support Capital Markets with preparation of confidential information memorandums for syndication and sell-down transactions
• Review lease and loan documentation to ensure accuracy and compliance with credit approval
• Perform annual reviews assessing obligor and guarantor performance and transaction risk
• Liaise with Credit Risk and Workout teams on deteriorating credits
• Mentor junior portfolio managers and analysts
• Support strong Credit Review and Compliance outcomes and meet internal review and monitoring standards

Qualifications & Experience

• Bachelor’s degree in Business, Finance, Accounting, Economics, or equivalent experience
• 8+ years of portfolio management and underwriting experience in commercial or equipment finance at a financial institution
• Equipment finance knowledge across a wide range of asset classes and obligor types required, including underwriting experience 
• Strong credit acumen with proven underwriting, structuring, and documentation skills
• Experience managing client interactions and conducting due diligence
• Solid understanding of banking regulations, policies, and risk management principles
• Advanced analytical, presentation, organization, and business writing skills
• Strong written and verbal communication and negotiation skills
• Proficiency with Microsoft Office applications
• Ability to manage multiple priorities and perform under deadline pressure
• Balanced focus on business objectives and risk management

Hours and Work Schedule

Hours per Week:  40

Work Schedule:  Monday – Friday

Pay Transparency

The salary range for this position is $145,000 - $160,000 per year, plus an opportunity to earn an annual discretionary bonus.  Actual pay is based on various factors including but not limited to the work location, relevant skills, and experience. 

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Equal Employment and Opportunity Employer

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Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.