Credit Support Associate I

Aumni; Metro Manila; On-site; PHP 550,000 - 750,000; Full time

Job summary

Aumni is looking for a Credit Monitoring Associate to join its Commercial Bank team in Metro Manila, Philippines. This role involves evaluating compliance with credit agreement terms for a portfolio of borrowers, interpreting financial covenants, and determining adherence to these agreements.

The ideal candidate will have at least 4 years of experience in banking or financial analysis, strong analytical skills, and a deep understanding of credit risk policies. You should be proficient in using MS Excel and possess excellent communication skills.

Qualifications

• Minimum of 4 years of experience in banking and/or financial analysis.
• Ability to understand and summarize complex credit transactions.
• Strong understanding of loan products like revolving lines of credit and term loans.

Responsibilities

• Evaluate compliance with credit agreement terms for borrowers.
• Interpret credit agreements and legal documents for covenant compliance.
• Perform credit analysis and monitor compliance within assigned portfolio.

Skills

Financial analysis

Credit risk policies

Loan documentation

Communication skills

MS Office tools

Education

Bachelor’s degree in Business/Accounting preferred

Tools

MS Excel

Job description

Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging environment?

As a Credit Monitoring Associate within our Commercial Bank team, you will be tasked with the exciting responsibility of evaluating compliance with credit agreement terms for a designated portfolio of borrowers. Your role will involve interpreting financial and other covenants included in credit agreements, and determining whether borrowers are adhering to the terms of the credit agreements or are in default. You will handle a range of credit agreements, including syndicated loans and bilateral agreements. This position provides an opportunity to expand your skills and knowledge in the banking sector, significantly contributing to our operations.

Job Responsibilities

• Determine whether corporate borrowers have breached covenants, and as a result, have defaulted on the terms of their credit agreements
• Interpret credit agreements and other legal documents to determine which co-borrowers, guarantors and other parties to the agreements require set up in bank’s system of record for future covenant compliance evaluation
• Perform credit analysis, review documentation and monitor ongoing compliance with financial covenants within an assigned portfolio of borrowers
• Independently apply knowledge analytical abilities to calculate cash flow and leverage ratios in accordance with specific terms laid out in credit agreements
• Become a subject matter expert in the real estate, financial institutions or other industries and develop strong product knowledge of secured lending products including borrowing base credit facilities
• Use judgement to determine which credit agreements must be prioritized over others for review
• Determine the grid-based performance pricing that applies to borrower so the bank gets adequately compensated for credit risk
• Provide training and guidance to and review work of junior team members
• Adhere to the quality control standards that have been set for the process and to service level agreements WLS has with its internal business partners

Required qualifications, skills and capabilities

• Minimum of 4 years of experience in banking and/or doing financial analysis
• Proficient in understanding reading credit risk policies, loan documentation and related legal issues, with an ability to develop subject matter expertise
• Ability to understand and complex credit transactions, then summarize key transaction points
• Strong understanding of loan products, including documentation, for revolving lines of credit, term loans, borrowing bases, etc.
• Strong verbal & written communication to effectively communicate with various stakeholders and across levels
• Ability to work independently with minimum supervision including demonstration of good time management
• High proficiency in using MS Office tools including MS Excel

Preferred qualifications, skills and capabilities

• Bachelor’s degree in Business/Accounting preferred
• High level of understanding of assessing credit risk of real estate developers, investors, real estate operating companies and opportunity and investment fund is a plus

We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. FAQs for more information about requesting an accommodation.