Job Summary The Professional Lending Team provides leverage to employees of Private Equity firms and firms with a partnership structure for their equity purchase or fund investment needs. We create a customized loan program with each firm and then work with individual borrowers to extend credit. Our business model is based on capturing as much of the firm and client banking relationship beyond just our product, so providing an exemplary client experience is essential to our success.
The Professional Loan Group (PLG) Senior Credit Officer will examine the financials of private equity firms, private equity investment funds, and professional service firms to determine credit worthiness for a PLG loan program. This person is responsible for analyzing firm projections, income statements and balance sheets in order to ensure the client meets key metrics. The Senior Credit Officer will take ownership of identifying any risks and mitigants associated with the request as well as conducting a deep analysis of the collateral for loans in the program, and creating the credit approval summary. The Senior Credit Officer must be able to communicate effectively with sales, credit approvers, and other PLG teams, as well as occasional clients.
Financial analysis of Firm and related entities, completion of credit approval summaries, and credit decisioning.
Annual review of existing loan covenants in portfolio.
Effective correspondence with internal PLG teams to originate or modify program.
Needs list creation and review.
Identifying process improvements and managing changes
Presentation of requests to credit committee.
ADDITIONAL ACCOUNTABILITIES
Performs special projects, and additional duties and responsibilities as required.
Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
JOB REQUIREMENTS
Required Qualifications:
Education level required: Undergraduate Degree (4 years or equivalent)preferably in finance, business.
Minimum experience required: 5+ Years ideally working in a similar underwriting function (commercial business).
Strong direct experience with underwriting investment companies, specifically in the Private Equity industry.
Conduct detailed financial analysis and modeling.
Perform market research and industry analysis.
Assist in the due diligence process.
Prepare credit memos and presentations for senior management.
Monitor and report on the tracking and performance of loan portfolio.
Collaborate with senior team members on new loan programs and evaluation.
Analyze financial statements and valuation metrics.
Participate in meetings with management teams of potential loan programs.
Preferred Qualifications:
Education level preferred: Undergraduate Degree (4 years or equivalent).
Ideal candidate will have an understanding of private equity fund finance basics, including capital calls, distributions, fair market value, and applicable taxes; as well as basic loan mechanics including interest rates, credit types, loan to value ratio, debt to income ratio, advance rate, and amortization.
Job Competencies:
Proficient in Outlook, Adobe, Word, Outlook, and Excel including vlookup, pivot tables, functions, and formulas.
Ability to spread financials and debt service businesses.
Strong financial modeling and analytical skills.
Excellent understanding of financial statements and valuation techniques.
Proficiency in Microsoft Excel and PowerPoint.
Strong written and verbal communication skills.
Ability to work independently and as part of a team.
Detail-oriented with strong organizational skills.
Ability to manage multiple tasks and meet deadlines.
Proactive and self-motivated with a strong work ethic.
Knowledge of industry trends and market dynamics.
Strong problem-solving skills.
Ability to conduct thorough due diligence.
Experience in preparing credit memos and presentations.
Understanding of regulatory requirements in private equity.
Physical demands (ADA): The job requires a moderate degree of physical exertion and stamina such as standing, sitting, walking, driving or infrequent lifting.
