Associate III Leveraged Finance

Citizens • Boston, MA

2d • $150,000 - $170,000

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 as part of deal teams and interacts with colleagues in Commercial Banking, Credit Risk Management, and Capital Markets. The role involves underwriting financing opportunities, obtaining internal credit approval, and completing documentation and closing processes. Associates perform underwriting due diligence, identify transaction risks and mitigants, and support credit approval for proposed transactions.

Day-to-day work also includes supporting Portfolio Managers with portfolio management activities such as quarterly portfolio reviews, asset quality reporting, covenant tracking, financial statement analysis, and internal modeling tools. Associates are assigned to one or more industry sectors according to business needs. Preference is given to candidates with 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.
• Knowledge of the leveraged loan market and bank regulation and compliance.
• Advanced analytical, loan structuring, underwriting, documentation, credit, presentation, and organization skills.
• Strong credit acumen and due diligence analysis skills.
• Initiative and the 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 enterprise valuation methodologies.
• Bachelor’s degree in Business, Finance, Accounting, Economics, or equivalent work experience.
• Proficiency with Microsoft Office, including Word, Excel, and PowerPoint.

Nice To Haves

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

Responsibilities

• Assist with due diligence for new and existing loan underwriting, including deal screening memos, identifying risks and mitigants, new credit approval requests, three-statement financial models, financial analysis, and comparable debt and enterprise value analysis.
• Conduct industry research and prepare written summaries of industry issues, risks, opportunities, and the competitive environment; 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, and broader Commercial Banking calls.
• Participate in 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.

Benefits

• Competitive pay and opportunity to earn an annual discretionary bonus.
• Comprehensive medical, dental, and vision coverage.
• Retirement benefits.
• Maternity and paternity leave.
• Flexible work arrangements.
• Education reimbursement.
• Wellness programs.
• Paid time off that exceeds the mandatory paid sick or paid time-away policy of many local and state jurisdictions in the United States.

What This Job Offers

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