Credit Associate - REITs and Homebuilders

Mizuho Financial Group Inc.; New York (NY); Hybrid; USD 95,000 - 115,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

401K

Discretionary bonus

Job summary

Mizuho Financial Group, Inc. in New York seeks a Real Estate Credit Officer to analyze credit requests for real estate-related industries, monitor portfolio performance, and provide recommendations to senior management.

The role offers exposure to senior leadership and broad cross‑functional collaboration with branches, agencies and product partners. You will build cash flow models, assess creditworthiness, compare borrowers to peers, and present credit opinions with clear recommendations.

Qualifications

• Proven credit analysis skills with ability to assess real estate credits.
• Strong industry knowledge in real estate, homebuilding and non-recourse finance.
• Ability to analyze credit trends and forecast potential defaults.
• Aptitude to write organized, in-depth credit reports and memos.
• Advanced cash flow modeling in Excel and related tools.

Responsibilities

• Review and assess credit applications from branches and agencies.
• Analyze creditworthiness, loan structure, and cash flow of borrowers.
• Build projection and enterprise valuation models and test sensitivity.
• Summarize industry trends and compare borrowers to peers.
• Prepare clear credit opinions with recommendations for approval/decline.
• Engage with branches/agencies on credit structure changes.
• Monitor portfolio credits and perform annual/quarterly reviews.
• Present credit opinions to senior management and external parties.

Skills

Credit analysis

Industry knowledge

Credit trend analysis

Report writing

Excel modeling

Communication skills

Negotiation

Independent work

Education

Accounting/Business/Finance/Economics degree

Tools

Capital IQ

Bloomberg

MS Excel

PowerPoint

Word

Job description

About the Team

The Real Estate team is responsible for credit analysis conducted in connection with approval of credit transactions and ongoing monitoring of real estate related industries, including REIT, home building, and non-recourse finance. Clients are diversified across multiple sub-sectors and niche markets. This position provides (i) a great opportunity to cover challenging credits in the real estate space, (ii) strong visibility with senior and executive management, and (iii) exciting career growth prospects.

Summary

This position requires an individual who is open minded to new skills and potential new industries, can skillfully serve as a linchpin between the various stakeholders within the branches, agencies and other credit departments. The Credit Officer must possess in-depth industry knowledge and have his/her finger on the pulse of market trend in order to make accurate recommendations to senior management approval, denial, or counter of credit requests. Responsibilities also include monitoring performance of credits in the portfolio and ensuring credits are rated appropriately.

Core Responsibilities

• Reviews/assesses credit applications from branches/agencies.
• Provides effective analysis of credit including creditworthiness of applicant, loan structure, risk return, the applicant’s operating, financial and industry profiles including historical profit and loss performance, financial condition and cash flow.
• Creates various types of projection/enterprise valuation/recovery/other financial models, commenting on the reasonableness of assumptions in both management’s and Mizuho’s sensitivity cases.
• Compares the prospective borrower to its peers and summarize industry trends.
• Prepares accurate, clear, well-organized and complete written summary analysis (credit opinion) with recommendation for approval, decline, or counter.
• Discusses with branches/agencies potential changes to credit structure or other conditions for which we would grant credit approval.
• Through a careful analysis, recommend appropriate risk rating for each customer/transaction as required.
• Conduct comprehensive annual review of each customer and quarterly review as needed.
• Directly engages in external meetings/presentations/events with syndicate banks, rating agencies, clients, law firms and other related parties, in co-ordination with coverage bankers, other product partners and Mizuho affiliates.
• Proactively monitors and assesses assigned borrowers/industries including market data such as share price, EDF, CDS or loan secondary price or other appropriate indices and reports the information and its impact on credits/industries to senior officers in a timely manner.
• Complies with credit standards, policies, objectives and requirements.
• Plays strong management role with branches/agencies to ensure they understand and comply with the policies.
• Acts as liaison between, gathers information (especially on problem customers) from and exchanges views with branches/agencies/other Credit Departments and senior management regarding issues related to credit applications, monitoring, analysis, standards and policies.

Qualifications

• Proven credit analysis skills and related analytical skills/knowledge/abilities.
• Demonstrates strong industry knowledge and information on key industry players within the real estate, home building, and non-recourse industries.
• Exhibits a capacity to analyze the underlying credit trends, including the competence to accurately assess credit migration trends and default possibility of the borrowers.
• Aptitude to write well organized, accurate and in-depth reports based on information gathered and thoughtful cash flow projections.
• Strong multitasking ability to proactively monitor on an on-going basis the pool of credits to detect potential credit problems at an early stage.
• Advanced knowledge of Excel and experience with building comprehensive cash flow projection model.

Other Skills

• 2+ years of credit-related experience – banking experience preferred.
• Degree in Accounting, Business, Finance or Economics with strong quantitative background.
• Strong time management skills with the ability to plan and schedule work to meet both long-term and short-term time frames.
• Consistently demonstrates effective negotiation, verbal and written communication skills.
• Ability to present credit opinion to decision makers.
• Excellent interpersonal skills.
• An open mind, willing to learn new skills and unfamiliar industries.
• Capable of working well independently and as part of the team.
• Effectively analyzes and solves problems/issues.
• Proficiency with Capital IQ, Bloomberg, MS Excel, Word and PowerPoint.
• Formalized credit training from an accredited financial institution and proficient.

Salary and Benefits

The expected base salary ranges from $95,000 - $115,000. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, including Medical, Dental and 401K plans, successful candidates are also eligible to receive a discretionary bonus.

Hybrid Working Program (Other Requirements)

#LI-Hybrid Mizuho has in place a hybrid working program, with varying opportunities for remote work depending on the nature of the role, needs of your department, as well as local laws and regulatory obligations. Roles in some of our departments have greater in-office requirements that will be communicated to you as part of the recruitment process.

Company Overview

Mizuho Financial Group, Inc. is the 15th largest bank in the world as measured by total assets of ~$2 trillion. Mizuho's 60,000 employees worldwide offer comprehensive financial services to clients in 35 countries and 800 offices throughout the Americas, EMEA and Asia. Mizuho Americas is a leading provider of corporate and investment banking services to clients in the US, Canada, and Latin America. Through its acquisition of Greenhill, Mizuho provides M&A, restructuring and private capital advisory capabilities across Americas, Europe and Asia. Mizuho Americas employs approximately 3,500 professionals, and its capabilities span corporate and investment banking, capital markets, equity and fixed income sales & trading, derivatives, FX, custody and research. Visit www.mizuhoamericas.com. Mizuho Americas offers a competitive total rewards package. We are an EEO/AA Employer - M/F/Disability/Veteran. We participate in the E-Verify program. We maintain a drug-free workplace and reserve the right to require pre- and post-hire drug testing as permitted by applicable law.

Why Mizuho

#LI-MIZUHO Mizuho is in growth mode as we are climbing the league tables, disrupting the status quo, and attracting top talent. Positions are available across our corporate functions, and on our corporate and investment banking, capital markets, advisory, research, sales & trading, derivatives, and financing teams. We are looking for candidates who want to contribute to our entrepreneurial culture where people at all levels are inspired to share ideas. Our creativity sets us apart, and our perseverance drives results in creating bespoke, client-focused solutions. If you are interested in advancing your career working for a firm with a growth mindset and the resources of a global financial services team, we would like to hear from you. For more information, please view our Recruiting Brochure