Associate III Leveraged Finance

Citizens Financial Group • Boston, MA

1d

About The Position

The Associate III position in Leveraged Finance is a credit underwriting and portfolio management role focused on acquisition, recapitalization, restructuring, and refinancing transactions for new and existing Citizens customers. The Associate works on deal teams with colleagues in Commercial Banking, Credit Risk Management, and Capital Markets, contributing to underwriting, internal credit approvals, documentation, and transaction closings. The role includes underwriting due diligence, identifying transaction risks and mitigants, and obtaining credit approval for proposed transactions.

Day-to-day work also supports Portfolio Managers with portfolio management activities, including quarterly portfolio reviews, asset quality reporting, covenant tracking, financial statement analysis, and internal modeling tools. Associates are assigned to one or more industry sectors based on business needs. The position prefers leveraged finance skills and prior experience underwriting Lead Arranger, Sole Bank, Club, or Participant transactions.

Requirements

• At least 5 years of Commercial or Leveraged Lending experience.
• Existing knowledge of the leveraged loan market and bank regulation and compliance.
• Advanced analytical, loan structuring, underwriting, documentation, credit, presentation, and organizational skills.
• Strong credit acumen and due diligence analysis skills.
• High initiative and ability to work independently.
• Self-starter with professional maturity and intellectual curiosity.
• Strong work ethic and ability to multitask effectively in a fast-paced environment.
• Excellent interpersonal and verbal and written communication skills.
• Solid technical skills and exceptional attention to detail.
• Strong project management and organizational skills.
• Ability to work collaboratively and complete projects under tight deadlines.
• Excellent modeling skills and ability to complete various enterprise valuation methodologies.
• Bachelor’s degree in Business, Finance, Accounting, or Economics, or equivalent work experience.
• Proficiency with Microsoft Word, Excel, and PowerPoint.

Nice To Haves

• Leveraged finance skills.
• Prior experience underwriting Lead Arranger, Sole Bank, Club, or Participant transactions.

Responsibilities

• Assist with underwriting due diligence for new and existing loans, including deal screening memos, identifying risks and mitigants, credit approval requests, three-statement financial models, financial analysis, and comparable debt and enterprise value analysis.
• Conduct industry research; prepare written summaries of industry issues, risks, opportunities, and the competitive environment; and communicate questions or observations.
• Use internal risk and return models and loan systems.
• Monitor the receipt and accuracy of client reporting, including financial statements and covenant compliance certificates, and complete quarterly analysis and annual reviews.
• Participate in team meetings, Capital Markets calls, broader Commercial Banking calls, deal-screen presentations, and credit approval meetings.
• Participate in client conference calls and meetings.
• Network within the team and the Commercial Bank.
• Complete ad-hoc projects.
• Support Portfolio Managers with quarterly portfolio reviews, asset quality reporting, covenant tracking, financial statement analysis, and internal modeling tools.

Benefits

• Competitive pay.
• Comprehensive medical, dental, and vision coverage.
• Retirement benefits.
• Maternity and paternity leave.
• Flexible work arrangements.
• Education reimbursement.
• Wellness programs.
• Paid time off exceeding mandatory paid sick or paid time-away policies in local and state U.S. jurisdictions.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level