Asset-Based Finance, Asset Management, Analyst

TPG Careers Page•New York, NY

3d•$110,000 - $120,000

About The Position

TPG Credit’s Asset-Based Finance group is seeking an Asset Management Analyst to support portfolio surveillance, borrowing base operations, and due diligence across a diversified book of warehouse facilities, forward flows, and structured lending transactions. Asset classes span consumer loans, equipment leases, merchant cash advances, credit cards, SME receivables, commercial real estate, and specialty finance. This is a high-ownership role with direct exposure to the full deal lifecycle — from pre-closing diligence through ongoing asset management and IC reporting. The Analyst will work directly with deal team members, counterparties, and external auditors, and will play a meaningful role in building the systems and processes that define how the ABF portfolio operates as it continues to scale.

Requirements

2–4 years of experience in structured credit, asset-based lending, CLO/ABS operations, fund accounting, general accounting, investment banking, or specialty finance
Deep Excel proficiency including dynamic borrowing base models, multi-tab surveillance workbooks, financial models, sensitivity analyses, and covenant and reporting dashboards
Working knowledge of ABL and warehouse facility mechanics: advance rates, borrowing base construction, eligibility criteria, and covenant packages; familiarity with forward flow agreements and pricing a plus
Demonstrated ability to ingest and manipulate large datasets and loan tapes, apply eligibility filters, and build or automate reconciliation workflows
Familiarity with at least two asset classes in the portfolio: equipment leasing, consumer lending, merchant cash advances, credit cards, SME loans, commercial real estate, or specialty finance receivables
Strong attention to detail and clear written communication; ability to translate data findings into a narrative the deal team and IC can act on
Critical thinking and ability to distill complex situations effectively for senior management

Nice To Haves

Familiarity with databases, SQL, Python, or BI tools such as Tableau or Power BI
Experience with AUP processes, field audits, or lender-side due diligence frameworks
Exposure to UCC lien mechanics, custodian reconciliation, or backup servicer arrangements
Graduate degree in finance, economics, accounting, or a related field a plus

Responsibilities

Build and maintain borrowing base models for all active facilities; apply eligibility criteria — DPD cutoffs, concentration limits, product mix constraints — to raw loan tape data on weekly and monthly cycles
Reconcile borrowing base certificates submitted by counterparties against independent calculations; flag discrepancies and escalate material variances to the deal team
Maintain a real-time facility utilization dashboard; monitor trigger thresholds and flag material shifts in collateral pool composition
Track draw requests, repayment instructions, revolving period end dates, amortization schedules, and minimum utilization requirements across all active facilities
Receive, ingest, and QC loan tape files from all counterparties on varying cadences; maintain standardized schemas across heterogeneous tape formats with differing fields and delivery methods
Assist in building and improving automated workflows for ingestion, field mapping, de-duplication, and anomaly detection including duplicate pledging, stale records, and outlier balances
Maintain data integrity across the portfolio and help develop scalable infrastructure to support a growing number of facilities and counterparties
Produce monthly surveillance packages covering delinquency ratios, default and charge-off rates, excess spread, cash collection multiples, vintage performance, and covenant compliance
Build and maintain vintage analysis matrices across asset classes and facility cohorts
Assist the deal team in producing materials for quarterly IC meetings; synthesize performance trends, covenant headroom, key risks, and recommended actions into clear, concise packages that the team and IC can act on directly
Serve as primary operational point of contact for counterparties; coordinate receipt of borrowing base certificates, financial reports, AUP deliverables, and field audit materials
Manage cash reconciliation by matching expected payments against actual receipts in TPG-controlled accounts
Track backup servicer status — warm, cold, or hot — across all facilities
Maintain master collateral registers and reconcile against custodian confirmations
Track UCC lien filing dates, renewal deadlines, and entity coverage across the portfolio; support the deal team on counterparty correspondence and audit rights
Support pre-closing diligence on new transactions including loan tape analysis, collateral eligibility testing, asset class performance benchmarking, and completion of standard due diligence questionnaires
Assist with the rollout and ongoing maintenance of a standardized due diligence framework across the ABF portfolio, including managing portions of the DDQ process for new and existing deals
Help calibrate AUP scopes based on deal tier and risk profile; support asset management framework build-out and maintenance of portfolio surveillance and remediation action logs
Help develop standardized dashboards and reporting tools to reduce manual reconciliation, increase team efficiency, and improve visibility into portfolio risk across the ABF book
Proactively identify workflow inefficiencies and contribute to building automated solutions; expected to flag process gaps and take ownership of improvement initiatives