Credit Analyst, Equipment Finance - Senior Associate

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Job Title:

Credit Analyst, Equipment Finance

Corporate

Title:

Senior Associate

Department:
Equipment Finance

Location:

Foxboro/Boston, Charlotte, NYC, or Chicago

Barings Equipment Finance — also known as Mass Mutual Asset Finance — is a national equipment finance investment platform managing over $9 billion in assets and originating $1–$2 billion annually. The team spans originators, credit analysts, operations, documentation, accounting, and portfolio management professionals, supporting a full‑cycle commercial finance platform.

The Credit Analyst will directly influence new business activity and overall portfolio credit quality by supporting underwriting, financial analysis, and ongoing credit administration. This position offers the opportunity to learn from seasoned team members, broaden your exposure to commercial finance, and take on increasing responsibility over time.

• Conduct in‑depth analysis of 3–5 years of historical financial statements, identify trends, forecast performance, and anticipate emerging risks.
• Assign, review, and edit risk rating changes, including assessments for complex borrower situations or structures.
• Prepare detailed credit approval memoranda evaluating financial condition, industry dynamics, competitive positioning, management capabilities, and overall creditworthiness.
• Identify and articulate borrower‑specific and industry‑level risks that may impact repayment capacity.
• Participate in quarterly credit review meetings and contribute to portfolio monitoring.
• Support business originators with new credit approvals, underwriting requests, and transaction structuring.
• Run and validate pricing models, including benchmarking against external data sources such as Bloomberg.
• Assist with delinquency management, including activity related to specialized U.S. Government finance relationships.

• Bachelor’s degree in Accounting, Finance, Economics, or a related discipline.
• 3–5 years of experience performing corporate, commercial, or small‑business credit or financial analysis.
• Demonstrated proficiency with Excel and financial modeling tools (e.g., pivot tables, v‑lookups, multi‑period analysis).
• Ability to analyze borrower financial statements and perform cash‑flow, leverage, and ratio analysis.

• Experience underwriting or evaluating commercial credit exposures, and within in middle‑market leveraged products is a plus.
• Proven ability to manage or support 20+ commercial credit files annually, or an equivalent workload.
• Strong understanding of financial statements, including cash‑flow modeling, leverage metrics, capital structure, and industry‑specific considerations.
• Experience in commercial lending, equipment finance, or leasing (bank, finance company, or corporate finance environment).
• Familiarity with pricing methodologies and market benchmarking tools, including external data sources such as Bloomberg.

Asset Financing, Credit Analysis, Due Diligence, Financial Modeling

Barings is an Equal Employment Opportunity employer;
Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.

Base Salary Range: $,000 and additional incentive compensation.

• Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
• Fitness Center Reimbursement Program (Including Online Memberships)
• Employee Assistance Program (EAP)
• Fertility Benefits

• Highly competitive 401(k) Plan with Company Match
• Health Savings Account (HSA) with Company Contributions
• Flexible Spending Accounts (FSA) - Health Care & Dependent Care
• Retirement Health Reimbursement Account

• Basic and Supplemental Life Insurance
• Spouse and Child Life Insurance

• Paid Vacation, Sick Days and Annual Holidays
• Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
• Short and Long Term Disability Plans
• Paid Volunteer Time

• Education Assistance Program
• Charitable Matching Gifts Program
• Commuter Reimbursement Program
• Adoption and Surrogacy Reimbursement Program