Associate III Leveraged Finance

Citizens Bank; Boston (MA); On-site; USD 150,000 - 170,000; Full time

Benefits offered by this job

Health insurance

Retirement benefits

Flexible work arrangements

Education reimbursement

Job summary

Citizens Bank in Boston, MA seeks an Associate III in Leveraged Finance to join a deal team focused on acquisition, recapitalization, and refinancing for commercial clients.

You will underwrite, obtain credit approvals, and support portfolio management tasks such as quarterly reviews, covenant tracking, and financial modeling, collaborating with Commercial Banking, Credit Risk, and Capital Markets.

Qualifications

• 5+ years of Commercial or Leveraged Lending experience.
• Strong credit acumen and due diligence ability.
• Bachelor's degree or equivalent work experience.

Responsibilities

• Assist in loan underwriting due diligence and credit approvals.
• Prepare financial models and conduct industry research.
• Monitor client reporting and covenant compliance certificates.
• Participate in deal screen presentations and credit meetings.
• Support portfolio management and quarterly reviews.

Skills

Leveraged lending

Underwriting

Financial analysis

Credit risk

Industry research

Portfolio management

Communication

Education

Bachelor's degree in Business/Finance

Tools

MS Office

Loan systems

Financial modeling

Job description

Description

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 Credentials

• 5+ years of Commercial or Leveraged Lending experience.
• Existingknowledge 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 salary range for this position is $150,000 to $170,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factorsincluding but not limited to the budget, work location, and relevant skills and experience.

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.