Sr. Research Analyst - Institutional Loans

Eastern Bank•Boston, MA

9h•$159,391 - $207,208•Onsite

About The Position

The Senior Research Analyst – Institutional Loan, will provide support to the Head of Institutional Loans to build and manage a portfolio of institutional loans (aka Term Loan B’s) in a variety of sectors. Broad responsibilities will include identifying appropriate investment opportunities based on credit fundamentals of the issuer & sector and the bank’s credit risk appetite, monitoring the portfolio closely for financial & business updates and making timely buy, sell, hold recommendations to the Head of Institutional Loans. The candidate should have the ability to work and present credits independently with minimal supervision and work collaboratively with the business, credit, internal audit and back office for credit approvals and on-boarding of companies. The position will also interact with senior management of portfolio companies & sponsors, sell-side and buyside as part of investment diligence and ongoing monitoring of the portfolio. Finally, the position requires presentation of new & existing credits at various credit committees at the bank.

Requirements

Minimum college degree required.
8+ years experience in commercial credit analysis, with strong preference for Leveraged Finance and/or buy side experience
Strong analytical & interpersonal service skills and passion for research.
Critical thinker.
Strong team player, positive attitude and coachable.
Strong MS Excel skills
nCino/SalesForce expertise

Nice To Haves

Concentration in Finance, Economics and/or Accounting preferred.
CFA preferred.
Formal credit training preferred.

Responsibilities

Subject matter expert in policy and procedures and provide guidance to the RM and other PMs on policy and procedure applications.
Strong knowledge, compliance and application of credit policy and procedures to maintain high quality credit administration of Commercial customers with no direct guidance.
Proactive and independent risk rating analysis and recommendation
Identification and documentation of exceptions to policy
Independently underwrite complex transactions.
High quality credit analysis which will include cash flow modeling and credit risk-based memos.
Financial analysis with focus on key drivers and detailed base case and downside case projection models
Clear articulation of key investment thesis and key credit risks & mitigants
Succinct and informed presentations at the Credit Committee with timely & accurate responses to credit committee members
Review of the legal documents and third-party legal review reports and highlight risks in the underwriting document
Completion of timely quarterly tear sheets with financial & business updates and buy/sell/hold recommendations based on credit fundamentals
Update base case models for actual performance and refreshed assumptions at least once a quarter
Complete Annual Reviews as required per policy
Present updates on issuers at quarterly portfolio review meetings
Refresh approval timeline windows as needed
Proactive identification and surfacing of risks to the Head of Institutional Loans and management.
Follow news and business updates of assigned portfolio companies, their peers and the sector and discuss with the Head of Institutional Loans daily and/or during staff meetings.
Work with the Head of Institutional Loans to build a pipeline of new secondary ideas.
Provide on the job training in underwriting, policy and procedure application, nCino and portfolio management to junior members of the portfolio management team
Be an ongoing resource in immediate group and a resource, as needed, to other senior members of the commercial banking group.
Build relationships with the sell side and build a network of buy side peers to diligence deals, monitor portfolio and improve market savviness.
Lead and/or participate in various technology & portfolio management projects to build & monitor the Term Loan B portfolio
Attend Leveraged Loan and High Yield conferences
Be a lead or participant in other commercial banking projects as needed