Private Bank, Sr. Private Equity Lending Associate (Fund Finance)

The Private Bank, Sr. Private Equity Lending Associate (Fund Finance) supports the Relationship Manager with their loan portfolio with extraordinary care and service. Based in New York, this person focuses primarily on underwriting and portfolio management, ensuring a high level of quality control from initial client contact through the closing process. The Private Equity Lending Associate is expected to lead loan pipeline oversight, and is 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.

Primary responsibilities include

• 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 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, standby letters of credit, and holding company (promissory) notes. 
• Performs analysis of client's financials to determine loan eligibility.
• After Relationship Manager handoff, serves as main POC for all internal/external parties to lending transactions while keeping RM in the loop.
• Manages end-to-end loan process with clients, internal/external partners from inquiry through post-closing (e.g., presents loan to Credit Officer for approval, locks & submits loans, collects conditions, 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 and borrowers' ability to debt service.
• 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.
• The Senior Lending Associate will have more access and authority in the loan origination system than more junior Lending Specialists. 

Qualifications

• 3-5+ 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.
• Advanced familiarity with Word, Excel, and PowerPoint.
• Experience with Moody's CreditLens is a plus.
   

Hours & Work Schedule

• Hours per Week: 40
• Work Schedule: M-F
• Minimal 3 days in office (New York City, NY)

Pay Transparency 

The salary range for this position is $110,000 - $150,000 per year, plus an opportunity to earn a quarterly discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.   

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 very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.
 

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, a