Portfolio Monitoring

OakNorth; United Kingdom; Remote; GBP 40,000 - 60,000; Full time

Job summary

A leading financial institution in the UK is seeking a candidate for its Credit team to perform credit analysis and financial modeling. Responsibilities include drafting credit reports and interacting with stakeholders. The ideal candidate should possess strong financial analysis skills and proficiency in Excel, along with excellent communication abilities. A proactive and flexible attitude is essential for this role.

Qualifications

• Thorough understanding of financial statements and credit risk metrics.
• Experienced in drafting concise credit reports.
• Strong analytical and sensitivity analysis skills.

Responsibilities

• Conduct credit-worthiness analysis of borrowers.
• Draft detailed credit reports for risk review.
• Monitor deal-specific covenants for early warning signals.

Skills

Strong financial analysis skills

Ability to draft credit reports

Strong communication skills (oral and written) in English

Proficient in use of Excel

Personal drive and teamwork

Job description

Overview

The incoming candidate will be a part of one of the Bank’s Credit (lending) teams and will be expected to have strong understanding of financial statements including important lending and credit risk metrics.

Job Responsibilities

• Credit-worthiness analysis of borrowers, including financial analysis, industry and sector research, to ensure Bank’s lending remains within acceptable risk metrics.
• Drafting detailed credit reports with key takeaways on the purpose; report has to be concise, easy to read for credit risk review and comment
• Identifying, setting and monitoring deal specific covenants which can act as early warning signals during the life of the loan
• Developing and maintaining detailed financial model (in Excel) comprising transaction details, financial statement analysis, projections, ratio & variance analysis, key performance indicators, credit metrics, amongst others

• Conducting sensitivity analysis – for stress testing on loans for serviceability
• Regular interaction with key stakeholders and clients to discuss borrower requirements and performance, data gaps, inconsistencies, analytical frameworks, loan servicing etc.

Desired qualities and skills

• Strong financial analysis skills – thorough understanding of accounting / financial concepts including financial statements, variance analysis, and assessment of key credit risk metrics and covenants
• Ability to draft credit reports
• Strong communication skills (oral and written) in English.
• Proficient in use of Excel, handling linked worksheets, able to handle complex models.
• Personal drive (proactive), flexible, creative (thinks out of the box), result driven, responsible, curious, team player, fast learner, and willing to take ownership of tasks and deliverables.
• Hands on attitude, willing/capable to understand the big picture.
• Ability to succeed in a culture where change and speed are part of daily work.