Portfolio Associate – Credit Risk & Portfolio Management

Jefferies; New York (NY); On-site; USD 90,000 - 130,000; Full time

Job summary

Jefferies in New York City seeks a Portfolio Associate to support monitoring and management of a diversified portfolio of leveraged and corporate loan exposures. You will collaborate with Underwriting, Leveraged Finance, Capital Markets, and Relationship Management to evaluate credit performance and assist credit decision-making throughout transactions.

The ideal candidate has a solid foundation in credit analysis, financial statement analysis, and commercial lending, with experience monitoring

Qualifications

• 2–5 years of experience in commercial banking, leveraged finance, or ABL.
• Strong credit underwriting and financial analysis skills.
• Proficient in financial modeling and financial statement analysis.

Responsibilities

• Monitor ongoing credit performance of a middle-market and large corporate portfolio.
• Analyze quarterly/annual results, liquidity, leverage, and cash flow.
• Identify emerging credit risks and covenant concerns.
• Maintain risk ratings and recommend changes.
• Participate in portfolio reviews and risk discussions.
• Build and maintain detailed financial models.
• Perform cash flow, liquidity, and DSCR analyses.
• Conduct comparables and capital structure analyses.
• Assess repayment capacity and downside risk scenarios.
• Review management projections and variance reporting.

Skills

Credit analysis

Financial modeling

Excel

Analytical thinking

Communication

Education

Bachelor's degree in Finance, Accounting, Economics, or related field

Tools

Bloomberg

Capital IQ

FactSet

Job description

Seeking a Portfolio Associate to support the management and monitoring of a diversified portfolio of leveraged and corporate loan exposures. This individual will partner closely with Underwriting, Leveraged Finance, Capital Markets, and Relationship Management teams to evaluate credit performance, identify emerging risks, and support credit decision‑making throughout the life of a transaction.

The ideal candidate will have a strong foundation in credit analysis, financial statement analysis, and commercial lending, with experience monitoring non-investment grade companies.

Responsibilities

• Monitor the ongoing credit performance of a portfolio of middle‑market and large corporate borrowers.
• Analyze quarterly and annual financial results, operating trends, liquidity, leverage, and cash flow performance.
• Identify and elevate emerging credit risks, industry developments, and covenant compliance concerns.
• Maintain risk ratings and recommend changes based on evolving borrower fundamentals.
• Participate in annual reviews, portfolio reviews, watchlist discussions, and risk committee presentations.
• Build and maintain detailed financial models.
• Perform cash flow, liquidity, leverage, and debt service coverage analysis.
• Conduct comparable company and capital structure analyses.
• Assess borrower repayment capacity and downside risk scenarios.
• Review management projections and variance-to-plan reporting.

Credit & Transaction Support

• Evaluate amendments, waivers, covenant modifications, and restructuring requests.
• Review credit agreements, loan documents, security packages, and collateral reporting.
• Support underwriting efforts for new transactions, refinancings, and incremental financings.
• Assist in preparing credit memoranda and approval materials.

Cross-Functional Partnership

• Partner with Leveraged Finance, Capital Markets, Industry Coverage, Research, Trading, and Legal teams.
• Present borrower updates and portfolio analysis to senior management.
• Collaborate with relationship managers and deal teams on ongoing client developments.

Qualifications

• 2-5 years of experience in:
• Commercial Banking
• Leveraged Finance
• Asset-Based Lending (ABL)
• Experience analyzing non-investment grade and leveraged borrowers.
• Strong understanding of commercial loan structures and credit documentation.
• Familiarity with revolvers, term loans, ABL facilities, and covenant packages.
• Financial modeling and credit underwriting experience.
• Formal Credit Training Program preferred.
• Bachelor's degree in Finance, Accounting, Economics, or related field.

Preferred Skills

• Advanced Excel and financial modeling skills.
• Strong accounting and financial statement analysis capabilities.
• Familiarity with Bloomberg, Capital IQ, FactSet, or similar platforms.
• Excellent analytical, communication, and presentation skills.
• Ability to manage multiple priorities in a fast-paced environment.