Senior Analyst – Private Credit

Aranca; Mumbai; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Aranca in Mumbai is seeking a senior credit professional to lead deal screening, underwriting, and financial modeling for private credit and leveraged finance. You will analyze financial statements, assess risk, and support IC memos while monitoring portfolio exposure and covenant compliance in a fast-paced environment.

The role requires hands-on modelling and experience with capital structures, debt instruments, and onshore/offshore deal execution.

Qualifications

• CA / MBA Finance / CFA preferred.
• Strong experience in credit research / private credit / leveraged finance.
• Hands-on financial modelling (cash flow-based).
• Exposure to IC memos / credit notes / deal write-ups.
• Understanding of capital structures, covenants, and debt instruments.

Responsibilities

• Prepare quick-turn investment profiles / teasers for live deals.
• Build detailed financial models (cash flow, liquidity, debt schedules).
• Conduct downside / scenario analysis and identify risk triggers.
• Support Investment Committee memos with clear recommendations.
• Analyze financial statements, leverage, DSCR, interest coverage.
• Track portfolio performance, liquidity, and covenant compliance.

Skills

Credit research

Financial modelling

Leverage finance

IC memos

Deal execution

Education

CA / MBA Finance / CFA preferred

Tools

Bloomberg

Capital IQ

Excel (advanced)

Job description

Deal Screening & Underwriting

• Prepare quick-turn investment profiles / teasers for live deals
• Build detailed financial models (cash flow, liquidity, debt schedules)
• Conduct downside / scenario analysis and identify key risk triggers
• Support Investment Committee (IC) memos with clear recommendations

Credit Analysis

• Analyze financial statements, leverage, DSCR, interest coverage
• Assess business model, industry risks, and capital structure
• Evaluate sources & uses, transaction structure, and sponsor dynamics

Bond / Loan Pricing Valuation

• Build and maintain private credit valuation and pricing models (DCF-based) for illiquid bonds and loan-format securities (bullet & amortizing), including SAR/local currency instruments
• Develop credit spread frameworks using financial KPIs (leverage, ICR, cash flows), market benchmarks, and illiquidity/structural adjustments
• Perform scenario analysis, recovery modelling, and sensitivity analysis to support fair value (IFRS Level 3), NAV reporting, and investment decisions

Portfolio Monitoring

• Track portfolio performance, liquidity, and covenant compliance
• Identify early warning signals and covenant breaches
• Support quarterly reviews and ongoing credit updates

Execution Support

• Handle multiple live deals with tight turnaround timelines
• Work closely with onshore teams / PMs / deal teams
• Maintain high quality and consistency across deliverables

Functional Requirements

• CA / MBA Finance / CFA preferred
• Strong experience in credit research / private credit / leveraged finance
• Hands‑on financial modelling (cash flow-based)
• Exposure to IC memos / credit notes / deal write-ups
• Understanding of capital structures, covenants, and debt instruments
• Ability to work in high deal-flow, fast turnaround environments.

Added Advantage

• Experience with direct lending / private credit funds / KPOs serving buyside
• Exposure to monthly cash flow modelling, PIK interest, amortization schedules
• Loan pricing valuation models
• Portfolio monitoring / covenant tracking experience
• Tools: Bloomberg / Capital IQ / Excel (advanced)

About Company

Founded in 2003, Aranca is a global research and advisory firm empowering decision makers from Fortune 500 companies, financial institutions, Private Equity and high potential start-ups with intelligence and insights to make better business decisions.

We enable this by bringing to play the right mix of the best data, the best methodologies, and the best talent to deliver value to our clients.