Asset-Based Finance - Associate

Delmar Nord; New York (NY); On-site; USD 110,000 - 170,000; Full time

Job summary

Delmar Nord is seeking an Associate to join its asset-based finance team in New York. The role offers real responsibility early, working directly with senior investment professionals from initial screening to closing.

You will underwrite asset-backed loans across consumer, commercial, and hard asset collateral, build cash flow models, and conduct due diligence on originators and servicers, contributing to investment memos and committee discussions.

Qualifications

• 2 to 4 years of experience in asset-based finance or related credit roles.
• Backgrounds such as ABS or structured products banking, warehouse lending, credit funds, rating agencies, or specialty lenders are well suited.
• Strong financial modeling skills, with experience analyzing large loan-level datasets.
• Solid understanding of credit structures and how collateral performance drives returns and downside protection.
• Excellent written communication, including experience drafting investment memos or credit write-ups.
• Comfortable in a lean, entrepreneurial environment where ownership and initiative are expected.

Responsibilities

• Underwrite asset-backed investments across consumer, commercial, and hard asset collateral, from initial screening through closing.
• Analyze loan tapes and historical performance data, and build cash flow models covering defaults, prepayments, recoveries, and stress scenarios.
• Structure financing facilities, including advance rates, borrowing bases, eligibility criteria, performance triggers, and covenants.
• Conduct due diligence on originators and servicers, including management meetings, operational reviews, and third-party diligence.
• Prepare investment committee memos and present findings and recommendations to senior team members.
• Monitor existing investments by tracking collateral performance, reviewing servicer reports, and flagging early warning signs.
• Work with legal counsel on deal documentation and help negotiate key terms.
• Help source new opportunities by building relationships with originators, intermediaries, and capital markets contacts.

Skills

Asset-based finance experience

Financial modeling

Credit analysis

Written communication

Education

Bachelor’s degree in finance, economics, or a related field

Job description

We’re partnered with an established multi-billion AUM private credit investment firm that is growing its asset-based finance team and adding an Associate. The firm provides flexible, structured capital to specialty finance companies and asset owners, and invests across a wide range of collateral types. The team is small, so the Associate will get real deal responsibility early, work directly with senior investment professionals, and see each investment from first look through to the end of the investment.

Responsibilities:

• Underwrite asset-backed investments across consumer, commercial, and hard asset collateral, from initial screening through closing
• Analyze loan tapes and historical performance data, and build cash flow models covering defaults, prepayments, recoveries, and stress scenarios
• Structure financing facilities, including advance rates, borrowing bases, eligibility criteria, performance triggers, and covenants
• Conduct due diligence on originators and servicers, including management meetings, operational reviews, and third-party diligence
• Prepare investment committee memos and present findings and recommendations to senior team members
• Monitor existing investments by tracking collateral performance, reviewing servicer reports, and flagging early warning signs
• Work with legal counsel on deal documentation and help negotiate key terms
• Help source new opportunities by building relationships with originators, intermediaries, and capital markets contacts

Qualifications

• 2 to 4 years of experience in asset-based finance, structured credit, securitization, specialty finance lending, or a related credit role
• Backgrounds such as ABS or structured products banking, warehouse lending, credit funds, rating agencies, or specialty lenders are well suited
• Strong financial modeling skills, with experience analyzing large loan-level datasets
• Solid understanding of credit structures and how collateral performance drives returns and downside protection
• Excellent written communication, including experience drafting investment memos or credit write-ups
• Comfortable in a lean, entrepreneurial environment where ownership and initiative are expected
• Bachelor’s degree in finance, economics, or a related field