Associate III Leveraged Finance

Job-:
Advisory & Relationship Management

Location:

Boston, MA, United States; VA, United States

Schedule:

Full time, 1stPosted:
Closes:
The Associate III position in Leveraged Finance is a credit underwriting and portfolio management role focused on completing acquisition, recapitalization, restructuring, and refinancing transactions for new and existing customers of Citizens.  The position requires constant interaction with internal colleagues from Commercial Banking, Credit Risk Management, and Capital Markets.  The candidate will be working as part of a deal team on financing opportunities including underwriting, obtaining internal credit approval, and completion of the documentation and closing process.  

Associates will be directly involved in establishing and performing underwriting due diligence, identifying key transaction risks and mitigating factors, and obtaining credit approval for proposed transactions. Day-to-day activity will involve supporting Portfolio Managers with portfolio management, including, but not limited to:
Quarterly Portfolio Reviews, Asset Quality Reporting, Covenant Tracking, Financial Statement Analysis, and completion of various internal modeling tools.

The Associate will be assigned to one or more Industry sectors, depending on need. Preference for Associates with leveraged finance skills and prior experience underwriting Lead Arranger, Sole Bank, Club or Participant transactions.

Primary responsibilities include

Assisting in the completion of new and existing loan underwriting due diligence, including preparation of deal screening memos, identification of risks and mitigants, new credit approval requests, preparation of three-statement financial models, in-depth financial analysis, and completion of comparable debt and enterprise value analysis Conducting industry research, preparing written summaries of industry issues, risks, opportunities, and the competitive environment, and communicating questions or observations

Strong knowledge and utilization of internal risk and return models and loan systems Monitoring for the receipt and accuracy of client reporting including financial statements, and covenant compliance certificates and completing quarterly analysis and annual reviews

Participation in Team Meetings, Capital Markets calls, and broader Commercial Banking calls.

Participation in deal screen presentations and credit approval meetings

Participation in client conference calls and client meetings

Networking within the team and the Commercial Bank Completion of Ad-hoc projects

Qualifications, Education, Certifications and/or Other Professional Credentials5+ years of Commercial or Leveraged Lending experience. Existing knowledge of leveraged loan market and bank regulation and compliance Advanced analytical, loan structuring, underwriting, documentation, credit, presentation, and organization skills.

Strong credit acumen

Due diligence analysis

High level of initiative and ability to work independently Self-starter with professional maturity and natural intellectual curiosity Strong work ethic and ability to multi-task effectively in a fast-paced environment Excellent interpersonal and verbal/written communication skills Solid technical skills and exceptional attention to detail

Strong project management and organizational skills

Resourceful team player who can work closely with others to complete projects under tight deadlines

Excellent modeling skills and ability to complete various enterprise valuation methodologies

Bachelor’s Degree in Business, Finance, Accounting, Economics, or equivalent work experience

Software skills:  MS Office (Word, Excel, PowerPoint) proficiency. Hours & Work Schedule Hours per Week: 40+

Work Schedule:

Monday - Friday Pay Transparency The…