Associate III Leveraged Finance

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

Benefits offered by this job

Medical, dental and vision coverage

Retirement benefits

Maternity/Paternity leave

Flexible work arrangements

Education reimbursement

Wellness programs

Job summary

Citizens Financial seeks an Associate III in Leveraged Finance to support underwriting, portfolio management, and credit approval for acquisition, recapitalization, restructuring, and refinancing transactions.

The role involves collaboration with Commercial Banking, Credit Risk Management, and Capital Markets, and requires strong analytical and modeling capabilities, attention to detail, and effective communication within a deal team.

Qualifications

• 5+ years of Commercial or Leveraged Lending experience.
• Strong credit acumen and due diligence capabilities.
• Advanced analytical, loan structuring, underwriting and documentation skills.
• Excellent interpersonal and verbal/written communication skills.
• Solid technical skills and attention to detail.

Responsibilities

• Assist in completing new and existing loan underwriting due diligence and prepare deal memos.
• Conduct industry research and summarize risks, opportunities and competitive environment.
• Monitor client reporting and covenant compliance; perform quarterly analysis and reviews.
• Participate in deal screen presentations and credit approval meetings.
• Support Portfolio Managers with portfolio management and internal modeling tools.

Job 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

• 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.
• Existing knowledge 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 factors including 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 .