Private Bank, Private Equity Lending Associate (Boston, MA)
About The Position
The Private Bank, Private Equity Lending Associate (Fund Finance) will function as underwriter and portfolio manager of a commercial loan portfolio within the Private Bank’s Boston office. The Lending Associate will focus primarily on private equity / venture capital fund finance transactions (including capital call lines of credit, management company financings, and general partner financings) with a willingness to occasionally handle C&I and CRE transactions. Private Equity Lending Associate should be experienced in credit analysis, loan structuring, legal documentation, credit policy, lending origination systems, and regulatory requirements involved in private equity / venture capital fund finance. The ideal candidate has strong attention to detail and is a clear communicator who excels at managing multiple priorities while working independently or as part of a team.
Requirements
- 3+ years of commercial credit analysis experience with private equity/venture capital (capital call lending, management company credit facilities).
- BA/BS Degree required with concentration in business, finance and/or accounting preferred.
- Strong decision-making, interpersonal and communication skills; including the ability to clearly understand and convey complex concepts, both written and verbal.
- Excellent organizational and time-management skills, and high attention to detail and accuracy.
- Self-motivated and self-disciplined, with the ability to work effectively with little supervision.
- Willingness to focus primarily on fund finance transactions but also handle occasional C&I and CRE transactions.
- Advanced familiarity with Word, Excel, and PowerPoint.
Nice To Haves
- Experience with Moody's CreditLens is a plus.
Responsibilities
- Works closely with Relationship Manager and client to identify lending needs and solutions.
- Serve as the client day-to-day contact for credit-related inquiries and requests.
- Ability to interact with private equity/venture capital clients and understand operating models of client businesses
- Underwrite credit approval packages for new credit product originations or renewals and modifications to existing credit facilities, including: capital call lines of credit / subscription facilities, revolving lines of credit to management companies, term loans to management companies, general partner loans to corporate borrowers, and standby letters of credit.
- Performs analysis of client's financials to determine loan eligibility.
- After Relationship Manager handoff, serves as main point of contact for all internal/external parties to lending transactions while keeping the RM updated.
- Manages end-to-end loan process with clients and internal/external partners from inquiry through post-closing (e.g., presents loan requests to Credit Officer for approval, assists with closing coordination and any post-closing requests).
- Manage the existing portfolio of credit facilities to ensure operations are in compliance with terms structured in credit agreements.
- Proficient use of Moody's CreditLens or similar application to complete financial analysis and spreads. Analyze cash flow reports, calculate ratios, recognize and describe trends and identify recurring and non-recurring sources of cash flow.
- Monitors pipeline to ensure loan workflow is efficient and meeting closing deadlines.
- Maintains a high level of quality control for verifying accuracy of financial and loan documents.
Benefits
- We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more.
- Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States.
- For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
