Structured Finance - Collateral (Leveraged Loan) Underwriting Associate/Vice President

SMBC; New York (NY); Hybrid; USD 150,000 - 225,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

SMBC Group is hiring for an Associate or Vice President role in the Securitized Products and Capital Solutions Department. You will work on collateral underwriting for lender finance facilities, reviewing leveraged middle market loans and participating in annual portfolio assessments.

You will develop client relationships with asset managers, support syndication and diligence, and mentor junior staff while contributing to credit decisioning and risk assessment. A hybrid work model is offered.

Qualifications

• 3-7 years of relevant experience in credit analysis, leveraged finance, structured finance, or a related field.
• Strong analytical and quantitative skills, with experience in financial statement and credit analysis.
• Understanding of leveraged finance, middle market lending, or structured credit products.

Responsibilities

• Develop and maintain relationships with asset manager clients to support effective collateral management.
• Partner with Origination and Execution teams to address syndication, diligence, and investor inquiries.
• Work with and mentor junior team members.
• Support credit decisioning through valuation analysis and risk assessment.
• Monitor collateral portfolios on an ongoing basis, identifying credit deterioration and key risk trends.
• Review monthly client reporting and assess changes in portfolio composition and performance.
• Conduct detailed financial statement and fundamental credit analysis on leveraged loan collateral.
• Build and maintain financial projection models using SMBC's proprietary tools.
• Evaluate cash flow stability, debt service capacity, and overall creditworthiness of underlying obligors.
• Prepare credit approval materials, including new transactions, upsizes, and reevaluation requests.
• Participate in annual reviews and other periodic portfolio assessments.

Skills

Credit analysis

Leveraged finance

Structured finance

Quantitative skills

Communication

Portfolio management

Risk assessment

Job description

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFGs shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Groups operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $150,000.00 and $225,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

Sumitomo Mitsui Banking Corporation is hiring an Associate or a Vice President in the Securitized Products and Capital Solutions Department. This person will work within the Collateral Underwriting team on Lender Finance facility collateral. This collateral is in the form of loans (primarily leveraged middle market loans) that are reviewed and graded prior to their inclusion in borrowing bases for facilities to asset manager customers.

Responsibilities include preparing requests for new and upsize approval requests, preparing analysis for reevaluation events as needed based on certain performance changes, managing syndication and diligence questions as needed in partnership with the Origination and Execution team, and annual reviews.

A key responsibility will be to establish a dialogue with one or more assigned clients to ensure proper management of the clients portfolios of loan collateral. The person will review monthly client reporting of collateral loan portfolio reports and identify performance deterioration as well as any changes in portfolio composition.

Role Objectives

• Develop and maintain relationships with asset manager clients to support effective collateral management

• Partner with Origination and Execution teams to address syndication, diligence, and investor inquiries

• Work with and mentor junior team members

• Support credit decisioning through valuation analysis and risk assessment

• Monitor collateral portfolios on an ongoing basis, identifying credit deterioration and key risk trends

• Review monthly client reporting and assess changes in portfolio composition and performance

• Conduct detailed financial statement and fundamental credit analysis on leveraged loan collateral

• Build and maintain financial projection models using SMBCs proprietary tools

• Evaluate cash flow stability, debt service capacity, and overall creditworthiness of underlying obligors

• Prepare credit approval materials, including new transactions, upsizes, and reevaluation requests

• Participate in annual reviews and other periodic portfolio assessments

Qualifications and Skills

• 3-7 years of relevant experience in credit analysis, leveraged finance, structured finance, or a related field

• Strong analytical and quantitative skills, with experience in financial statement and credit analysis

• Understanding of leveraged finance, middle market lending, or structured credit products

• Ability to interpret financial models and assess cash flow projections and credit risk

• Strong written and verbal communication skills, with the ability to engage effectively with both clients and internal stakeholders

• Detail-oriented with strong organizational and time management skills

• Ability to manage multiple workstreams in a fast-paced environment

• Experience with project finance, digital infrastructure, or non-U.S. credit analysis is a plus

SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at [e-mail].

EOE, including Disability/veterans