Credit VP – REITs and Non-Recourse Lending

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

Benefits offered by this job

Medical and dental benefits

401K plan

Discretionary bonus

Hybrid work model

Job summary

Mizuho is seeking a senior Credit Officer in New York to lead real estate credit analysis for diverse sectors including REITs, home building, and non-recourse financing. You will assess creditworthiness, structure loans, and monitor performance with direct interaction with senior management and external partners.

The role emphasizes financial modeling, cash flow projections, market trend analysis, and risk rating recommendations.

Qualifications

• 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.
• Proficiency with Capital IQ, Bloomberg, MS Excel, Word and PowerPoint; strong financial modeling skills.

Responsibilities

• Reviews/assesses credit applications from branches/agencies.
• Analyzes creditworthiness, loan structure, risk return, and cash flow.
• Builds projection/valuation/recovery models and comments on assumptions.
• Prepares Credit Opinions with recommendations for approval or counter.
• Monitors portfolio performance and assigns appropriate risk ratings.
• Engages with banks, rating agencies, and clients in meetings and presentations.

Skills

Credit analysis

Financial modeling

Excel proficiency

Cash flow projection

Leadership

Communication skills

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 summarize 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.

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.

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 the 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.

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.