Credit VP – REITs and Non-Recourse Lending

Mizuho Financial Group Inc.; New York (NY); Hybrid; USD 153,000 - 185,000; Full time

Benefits offered by this job

Medical insurance

Dental plan

401(k) plan

Job summary

Mizuho Financial Group, Inc. is seeking a Credit Officer for the Real Estate team in the United States. The role covers credit analysis for real estate transactions, monitoring portfolios, and presenting recommendations to senior management.

You will build cash flow models, assess cash flow, and engage with branches, rating agencies, and clients. The position offers hybrid work with growth opportunities and a competitive benefits package.

Qualifications

• Proven credit analysis skills and related abilities.
• Strong knowledge of real estate, home building, and non-recourse financing.
• Ability to assess credit migration and default risk.
• Experience presenting credit opinions to decision makers.
• Proficiency in financial modeling and cash flow projections.
• Excellent written and verbal communication.
• Capable of independent work and teamwork.

Responsibilities

• Reviews/assesses credit applications from branches/agencies.
• Provides analysis of credit including creditworthiness, loan structure, risk/return.
• Develops projection/valuation/cash flow models and tests sensitivities.
• Compares borrower to peers and summarizes industry trends.
• Prepares written Credit Opinion with recommendations for approval/decline/counter.
• Discusses credit structure changes with branches/agencies for approval.
• Recommends risk rating and conducts annual/quarterly reviews.
• Engages in external meetings with syndicate banks, rating agencies, clients.
• Monitors market data and informs senior officers of impact on credits.
• Ensures compliance with credit standards and policies.

Skills

Credit analysis

Industry knowledge

Financial modeling

Excel expertise

Communication skills

Negotiation

Leadership

Education

Undergraduate degree in Accounting/Finance/Economics

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 summarizes industry trends.
• Prepares accurate, clear, well‑organized and complete written summary/analysis (Credit Opinion) with recommendations 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 basic 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.
• Demonstrates credit skills/ability to accurately identify and evaluate underlying risk elements 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.
• Strong leadership skill and ability to work with junior officers.
• Other skills:
• 6+ years of credit‑related experience – banking experience in non‑recourse financing preferred.
• Undergraduate degree in Accounting, Business, Finance or Economics or strong quantitative background.
• Solid 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 financial modeling skills.

Salary and Benefits

The expected base salary ranges from $152,500 - $185,000. 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.

Work Arrangement

Other requirements: 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, 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.

Equal Opportunity Employer Statement

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

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.