Credit Underwriter

Russell Tobin; New York (NY); On-site; USD 100,000 - 125,000; Full time

Job summary

Russell Tobin is seeking a Credit Underwriting professional for the Direct Lender Financing (DLF) team in New York City. The role underwrites private credit loans used as collateral in asset-based lending and involves front-office, client-facing exposure with direct involvement in asset approvals and mark setting on focus credits.

Responsibilities include collateral underwriting, client engagement, portfolio monitoring, and driving AI-driven automation across workflows.

Qualifications

• 1–3 years in corporate-finance training such as valuation or leveraged finance.
• Experience reading and analysing corporate financial statements.
• Interest in private credit transactions and credit documentation.
• Strong analytical and research orientation with attention to detail.
• Front-office role with direct client interaction is desired.
• Bachelor's degree in finance, accounting, or economics; CFA progress is a plus.

Responsibilities

• Underwrite private credit loans serving as collateral for asset-based lending facilities.
• Serve as client contact for asset approvals and borrowing base reviews.
• Develop single-name underwriting analysis and subsector views.
• Monitor portfolio risk and asset revaluation triggers.
• Drive AI-driven automation across approval and portfolio workflows.
• Partner with risk teams on deals and ongoing oversight.

Skills

Credit underwriting

Client engagement

Analytical skills

Portfolio risk

AI automation

Education

Finance/Economics degree

Job description

Job Title: Credit Underwriting -Direct Lender Financing (DLF)

Location: New York, NY 10036

Salary Range: $ 100000- $ 125000/Year

Duration: Full-Time Perm Role

Position Summary

The Direct Lender Financing (DLF) Asset Approval Team underwrites the private credit loans that serve as collateral in asset-based lending (ABL) facilities extended to leading private credit managers. The team reviews and approves the assets pledged into a Brokerage warehouse facility before they receive borrowing base credit and monitors those assets on an ongoing basis for credit events that affect their value. This role offers direct exposure to institutional clients and hands‑on involvement in credit underwriting and portfolio monitoring. The analyst will join a front‑office, client‑facing role driving asset approvals and setting marks on focus credits across the DLF private credit portfolio.

Key Responsibilities

• Collateral underwriting for ABL facilities: Underwrite the private credit loans that serve as collateral in asset-based lending facilities to leading private credit managers, assessing borrower fundamentals and eligibility against facility‑specific criteria for new loan approvals.
• Client engagement: Act as a point of contact for clients across a high volume of recurring interactions — new asset approvals, valuation updates, financial reporting follow‑ups, and borrowing base reviews — ensuring timely, high‑touch service.
• Research & thematic views: Develop single‑name analytical underwriting skills and contribute to subsector research and manager comparisons to build coherent views on the private credit market.
• Portfolio management & risk monitoring: Proactively identify and evaluate portfolio risk drivers and credit events that impact asset valuations and borrowing base eligibility, including confirming structural asset revaluation triggers through financial statement review, obligor reporting, and market surveillance.
• AI automation & research expansion: Drive initiatives central to a key firm focus — building and deploying AI‑driven automation across the approval and portfolio management workflows, and expanding the team's research capabilities to enable deeper, faster, and more consistent name‑level and portfolio analysis.
• Cross‑functional risk partnership: Partner closely with risk teams on new deals and portfolio management, supporting the review, approval, and ongoing oversight of pledged collateral.

Preferred Background

• 1–3 years of experience in a role with strong corporate‑finance training — such as valuation advisory, leveraged finance/credit analysis, transaction advisory, or a comparable credit or corporate‑finance function.
• Background involving hands‑on work reading and analysing corporate financial statements.
• Understanding of, or strong interest in, private credit transactions and credit documentation.
• Strong analytical and research orientation, attention to detail, and comfort managing multiple client deliverables.
• Interest in a front‑office role with direct client interaction.
• Bachelor's degree in finance, accounting, economics, or related field; progress toward the CFA is a plus.

Russell Tobin and it's affiliates offers eligible employee's comprehensive healthcare coverage (medical, dental, and vision plans), supplemental coverage (accident insurance, critical illness insurance and hospital indemnity), 401(k)-retirement savings, life & disability insurance, an employee assistance program, legal support, pet insurance and employee discounts with preferred vendors.

Russell Tobin and it's affiliates are an equal opportunity employer. We do not discriminate on the basis of the race, religious creed, color, national origin, ancestry, physical disability, mental disability, reproductive health decision making, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression, age, sexual orientation, veteran or military status, or any other characteristic protected by applicable federal, state, or local law.

Russell Tobin and it's affiliates are a Fair Chance employer. We consider all qualified applicants, including those with criminal histories, in a manner consistent with applicable state and local Fair Chance laws and ordinances, including, the California Fair Chance Act and all applicable local Fair Chance ordinances.

Accommodations

We are committed to providing reasonable accommodations to applicants and employees with disabilities. If you require a reasonable accommodation to participate in the application or interview process, or to perform the essential functions of this role, please contact us.

Only applicable for San Francisco Candidates : Under the San Francisco Lactation in the Workplace Ordinance, we will provide written notice of lactation accommodation rights, and this notice will automatically be given upon hiring, any inquiry of parental leave or lactation accommodation.