Credit Analyst
About The Position
New York Private Finance LLC (“NYPF”) is a subsidiary of Emigrant Bank. We underwrite and manage structured, medium-term, private equity-backed loans to entrepreneurs and private investors. In addition, we may engage in advisory services for active private investors on the best ways to finance strategic investments or restructure stressed balance sheets. Structured Lending – We provide highly structured loans of 3 to 6 years in maturity to private individuals to match the specific client needs and the intended investment use of proceeds. NYPF’s loans range in amounts from $5 MM to $25 MM and are fully secured with collateral consisting mainly of private equity interests or other ownership interests in private assets. Advisory Services - We advise on structuring financing transactions for private clients' strategic investments and help clients raise the funds from banking and non-banking sources. The Credit Analyst will support the group’s Vice President and Chief Credit Officer with respect to the division’s lending function defined below. Primary responsibilities will be to conduct financial modeling, due diligence, memoranda drafting, and documentation on lending transactions.
Requirements
- Strong verbal and written communication skills, professional presentation, organizational skills and a proactive customer service approach.
- This position requires the incumbent to communicate clearly with internal business units and co-workers.
- Strong proficiency in Excel, Powerpoint and Word
- Excellent detail orientation, exceptional problem-solving skills, and an ability to organize and prioritize work in order to meet deadlines in a proactive manner with little supervision
- 1 to 3 years of work experience in accounting or finance, with experience in credit analysis, lending or financial transaction activities
- Bachelor’s Degree
Nice To Haves
- Familiarity with using Bloomberg Terminal a plus
Responsibilities
- Attend and assist loan prospect and prospective client meetings
- Participate in the due diligence investigation of potential borrowers
- Assist in all due diligence activities for new loan transactions, including external and internal
- Receive, collect and log-in due diligence materials
- Perform research on industry, economic and credit risks relating to prospective borrower, and the potential collateral
- Create financial models and analysis of borrowers and collateral companies to support credit analysis and documentation
- Participate in collateral definition and appraisal process
- Prepare drafts of term sheets and credit memoranda
- Review and respond to the draft credit documents and related schedules
- Attend internal credit meetings concerning the loan credit activities
- Create financial models and analysis of client information to support credit client recommendations and documentation
- Create client recommendations and presentations
- Attend and assist at client meetings
- Assist business development officers in new client generation
- Assist in design and production of prospect and client communications
- Assist in design and production of new business pitch materials
- Attend new business meetings
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
