Associate, Specialty Underwriter & Portfolio Manager - FIG

Discover Financial
Chicago
Workplace: OnsiteFull timeUSD 149,800 - 188,100 annuallyFunction: Capital Markets, Trading & QuantExperience: 4+ yearsEducation: bachelorsSkills: []

Underwrite new Financial Institutions Group (FIG) transactions and manage an existing loan portfolio. You’ll perform due diligence and financial analysis, build modeling inputs, assess structuring and pricing drivers, and draft credit approval documentation and deal materials. You’ll also own portfolio reviews, monitor and update risk ratings, ensure compliance with credit policies, and escalate/resolution of problem accounts while coordinating closing requirements and supporting internal and external stakeholders.

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Discover Financial
Discover Financial
1 week ago

Associate, Specialty Underwriter & Portfolio Manager - FIG

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Last checked: 4 hours agoStatus: Live

Job Summary

Underwrite new Financial Institutions Group (FIG) transactions and manage an existing loan portfolio. You’ll perform due diligence and financial analysis, build modeling inputs, assess structuring and pricing drivers, and draft credit approval documentation and deal materials. You’ll also own portfolio reviews, monitor and update risk ratings, ensure compliance with credit policies, and escalate/resolution of problem accounts while coordinating closing requirements and supporting internal and external stakeholders.
Location: Chicago
Workplace: Onsite
Employment Type: Full time
Job Function: Capital Markets, Trading & Quant
Seniority: Mid level

Key Responsibilities

  • •Conduct due diligence and financial analysis, synthesizing research to identify risks, mitigants, and trends/anomalies with minimal oversight.
  • •Prepare financial modeling inputs, understand model mechanics, and support structuring options based on collateral and borrower valuation.
  • •Draft credit approval materials and assist internal deal review and pipeline meetings; coordinate closing process requirements.
  • •Manage an assigned portfolio by performing annual reviews and modifications, monitoring risk-rating upgrades/downgrades, and ensuring credit policy compliance.
  • •Maintain accurate portfolio data and escalate or resolve problem accounts in partnership with internal teams and specialists.

Pay and Benefits

Salary: USD 149,800 - 188,100 annually

Key Requirements

  • •Bachelor’s Degree or Military Experience.
  • •At least 4 years of experience in credit underwriting, portfolio management, or asset management.
  • •Experience supporting credit underwriting or portfolio/asset management work in complex deals.
  • •Bachelor’s Degree in Accounting, Finance, or a relevant field (preferred).
  • •5+ years of experience in credit underwriting, portfolio management, or asset management (preferred).
Experience:4+ years
Education:Bachelor's in Accounting, Finance, or other relevant fields

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Discover Financial
Provides consumer banking products, credit cards, personal loans, and payment services through the Discover brand. It operates a major U.S. financial network and serves individuals and merchants with lending and digital payment solutions.
Industry: Retail Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 10M to 25M
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Riverwoods, United States
Founded: 1985
WebsiteLinkedIn