Junior Portfolio Manager

Societe Generale; New York (NY); On-site; USD 120,000 - 170,000; Full time

Job summary

Societe Generale’s Global Banking and Advisory division seeks an Associate in the Credit Portfolio Management area focusing on Financial Assets and Insurance. The role supports Portfolio Managers with deal analysis, portfolio monitoring and strategic distribution initiatives within the FAI vertical.

Ideal candidates have 3+ years in investment banking, including fund finance or private debt, and strong credit analysis skills.

Qualifications

• Minimum 3 years of investment banking experience, preferably in fund finance, private debt financing or LBOs.
• Formal credit training and experience conducting credit analysis.
• Strong communication and teamwork skills across diverse groups.

Responsibilities

• Support Portfolio Managers with new deal analysis, portfolio management and distribution strategies.
• Monitor and analyze transactions and collateral values; prepare memos for credit amendments.
• Attend committees to review credit risk, capital treatment, profitability and liquidity analyses.
• Coordinate with internal partners across CPM, coverage, structuring and risk departments for secondary distribution.

Skills

Investment Banking

Fund finance

Private debt/ LBOs

Education

Bachelor's Degree in Economics/Accounting/Finance

Tools

Excel

PowerPoint

Word

AI solutions

Job description

Global Banking and Advisory (GLBA) combines wholesale coverage with world-class product financing and advisory expertise within one team. Within GLBA, the Credit Portfolio Management (CPM) team is looking to hire an Associate within the Financial Assets and Insurance ("FAI") vertical.

GLBA Overview: We provide our issuer clients (corporates, financial institutions, public sector) with capital raising solutions, along with structured financing and commodities, forex, and interest rate hedging. Developing tailor-made products and providing strategic advice (capital structure advisory, financing schemes and capital markets) based on our worldwide expertise and in-depth sectorial knowledge, we aim to meet their financing needs. We are a top player across euro debt capital markets and won many international accolades over the years as a worldwide leader in export, project and natural resources & energy finance.

CPM Overview: We manage the assets held across GLBA. CPM has three verticals: (i) corporates (investment grade and non-investment grade) or “COR”, (ii) real assets (real estate, energy, infrastructure, etc) or “RAI”; and (iii) Financial Assets and Insurance (capital call facilities, middle market lending, etc.) or “FAI”. CPM actively manages the portfolio of GLBA to maximize profitability and contribute to investment banking idea generation across M&A, ECM and Leveraged Finance for new transactions. We approve all transactions that enter the portfolio and actively work with investors to support the distribution of the portfolio across asset classes.

RESPONSIBILITIES:

The Associate will work within the FAI vertical in CPM to support the Portfolio Managers with new deal analysis, portfolio management and portfolio distribution strategic initiatives and strategies.

In the particular the Associate within the FAI vertical in CPM will be covering Middle Market Loan (“MML”) otherwise as private credit transactions, Business Development Companies (“BDCs”) and Private Debt Initiatives for Energy and Infra (“NAT/PDI”).

In coordination with senior members of the team. the Associate will be in charge of portfolio monitoring and ongoing analysis of the aforementioned transactions.

In addition to the usual responsibilities expected of an associate in GLBA, the successful candidate will be expected to perform the following responsibilities:

• For new transactions, attend Pre-Screening Committees and Commercial Banking (“CBA”) committees where early-stage transactions are presented for agreement to proceed, prepare CPM opinion reviewing the credit risk, regulatory capital treatment, profitability, liquidity analysis of the transaction.
• In coordination with management, assume ownership of covered portfolio, including main portfolio KPIs (such as commitments, RWA, NBI and ECL).
• Prepare and present quarterly and annual review of the transactions and the portfolio, in the context of the quarterly mandatory reporting, the annual RiskCo and Credit Risk Committee where respectively financing limits and guidelines are being discussed.
• Review and analyze VAE / Valuations events related to the portfolio; review fair value of underlying collateral.
• Manage collateral control reports and other remediation actions (including onboarding in the collateral monitoring tool).
• Prepare and present memos for credit agreement amendments.
• Coordinate with internal partners on transactions within CPM and within coverage, structuring, distribution and the Credit Risk department, in particular for secondary distribution via sales, insurance and SRT solution.
• Attend industry meetings and engage with clients on portfolio management questions alongside the coverage teams, prepare diligence requests and lender questions.
• Contribute to enhanced reporting for the covered asset class, including definition and monitoring of early warning indicators, aggregation and consolidation of MML collateral.

SKILLS AND EXPERIENCE NEEDED:

• At least 3 years of Investment Banking experience, preferably in fund finance, financing of direct lenders, private debt, and / or leveraged lending and LBOs.
• Relevant experience in fund finance, private equity, private debt financing or LBOs;
• Knowledge of corporate finance valuation and financial accounting concepts;
• Formal credit training and experience conducting credit analysis;
• Sound interpersonal skills and ability to work well in diverse teams (by business lines, geography and profiles) and under tight deadlines;
• Excellent written and verbal communication skills;
• Demonstrated work ethic, positive attitude, attention to detail;
• Proficient in Microsoft Excel, PowerPoint, Word, and AI solutions;
• SIE, Series 7/79 and Series 63 certifications. If not already obtained, must complete within six months of hire

EDUCATION:

• Bachelor's Degree from a top-tier university (preferably in Economics, Accounting, or Finance), Master or CFA optional

Business insight

Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.

OUR CULTURE:

At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate. For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)

DIVERSITY, INCLUSION & BELONGING ("DIB"):

Our DIB Mission: Recruit, develop, retain and advance a talented workforce that is united in our efforts to leverage our talent and further develop an inclusive environment that will enhance our competitive position and deliver innovative solutions to our clients. It seeks to foster an environment where employee differences are valued and where all employees feel engaged, supported, respected, and informed. For more information about our DIB initiatives, please visit this link: https://americas.societegenerale.com/en/careers/get-know-diversity/

COMPENSATION:

Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.