Retail Associate

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ABOUT THE ROLE:

The Senior Manager, Closely Held Assets, leads complex engagements involving operating companies, holding companies, family enterprises, and private investments held within fiduciary structures, including trusts, estates, and foundations. This role ensures adherence to regulatory, risk, and fiduciary standards while overseeing a portfolio of moderate- to high-complexity, nonmarketable assets.

The portfolio includes minority and controlling interests in limited partnerships (LPs), limited liability companies (LLCs), closely held corporations, and other private investments. The Senior Manager is responsible for the evaluation, monitoring, and strategic management of these assets, applying sound fiduciary judgment and established governance practices. The assigned portfolio will primarily consist of higher profile, higher value assets across a national footprint.

Please see below for specific responsibilities and requirements for this role.

YOUR RESPONSIBILITIES:

The responsibilities for this role are below; you may support projects of varying complexity based on skill and organizational priorities.

• Portfolio Leadership & Management: Manage a portfolio of private business investments, including partnerships, LLCs, and corporations, performing investment reviews, developing recommendations, and determining valuations for fiduciary and fee-related purposes.

• Portfolio Management & Valuation: Manage a portfolio of private business investments, including partnerships, LLCs, and corporations; perform investment reviews, develop recommendations, and determine valuations for fiduciary and fee-related purposes.

• Financial Analysis: Analyze financial statements, industry dynamics, and corporate structures to assess risk and determine the value of closely held business interests.

• Corporate Actions & Transactions: Evaluate and make determinations on proxy votes, tender offers, reorganizations, and lead asset sale decisions, including execution and documentation of transactions.

• Client & Advisor Engagement: Communicate with clients and their professional advisors regarding investment performance, strategy, and recommendations.

• Risk & Fiduciary Governance: Partner with risk, legal, and compliance teams and ensure fiduciary decisions align with governing documents, client objectives, and regulatory requirements; escalate complex matters through established governance channels.

• Subject Matter Expertise & Team Development: Serve as a subject matter expert on closely held assets while training and mentoring junior team members.

• Cross-Functional Collaboration: Work with internal partners to address complex or sensitive investment matters and ensure appropriate risk mitigation.

• Other Duties: Performing other duties as assigned, adapting to new tasks or shifts in priorities as necessary to support your team’s and the company’s mission.

MINIMUM REQUIREMENTS:

• Bachelor’s degree in Finance, Accounting, or a related field.

• Minimum of 7 years of relevant work experience in commercial credit, business analysis or equivalent experience.

REQUIRED SKILLS:

Qualified candidates will possess a demonstrated degree of proficiency (typically from 7+ years of work or practical experience), in:

• Financial Analysis & Valuation: Ability to evaluate complex financial statements and determine the value of privately held business interests.

• Portfolio & Investment Management: Experience managing complex, nonmarketable or illiquid investment portfolios.

• Client Relationship Management: Ability to communicate effectively with clients and professional advisors on complex investment matters.

• Decision Making & Judgment: Strong ability to evaluate transactions, corporate actions, and asset disposition opportunities.

• Organization & Time Management: Ability to prioritize work, manage multiple assignments, and meet deadlines in a dynamic environment.

SKILLS FOR SUCCESS:

Qualified candidates will possess a demonstrated degree of proficiency (typically from 7+ years of work or practical experience), in:

• Leadership & Influence: Demonstrated ability to lead through expertise, influence stakeholders, and guide team members in a complex environment.

• Analytical Problem Solving: Ability to identify, analyze, and resolve complex and ambiguous issues.

• Research & Due Diligence: Strong investigative skills to support investment recommendations and risk assessments.

• Communication: Strong written and verbal communication skills tailored to both technical and non-technical audiences.

• Client Focus: Commitment to delivering strong client service and maintaining effective relationships.

DOING THE RIGHT THING:

Our employees take pride in doing the right thing for customers and colleagues as well as being accountable for risk by openly exchanging ideas and opinions, elevating concerns, and following policies and procedures that protect all our valuable assets—including you.

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner. 

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting.  Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third.  Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.