Private Bank, PE/VC Credit Analyst
Description
Citizens Private Bank has accelerated its strategy to build out Wealth Management, scale its Business Banking, grow deposits, and expand in key growth markets. A key component of this initiative is our Private Equity & Venture Capital (“PEVC”) product suite, including Capital Call Lines of Credit, Management Company facilities and other products. We’re looking for talented individuals who recognize the value of delivering a white glove experience to clients that results in long-term client loyalty. As a PEVC Credit Analyst, you will play a vital role in assisting underwriters and overseeing the management of the current PEVC portfolio.
Primary responsibilities include
• Provide a white glove service to our clients, which includes timely responses to all client-related inquiries and requests.
• Create, maintain, and monitor all loan and credit files at the highest quality, which entails testing existing credit facilities for financial and reporting covenant compliance, detecting early warning signs that could lead to a potential default, monitoring underperforming loans and evaluating proper loan risk ratings.
• Fulfill ongoing post-closing duties by ensuring compliance reviews and processing draw and paydown requests.
• Ensure compliance with regulatory requirements and internal policies and procedures.
• Interact with private equity clients and understand operating models of client businesses.
• Underwrite credit approval packages for renewals and modifications to existing credit facilities.
• Assist with approval packages for new credit product originations.
• Work with internal partners to complete enhanced due diligence (KYC) on borrowers, guarantors, and authorized signers.
• Research and analyze client performance and structure for the purpose of determining the overall risk profile and creditworthiness of the client and communicating such to senior management.
• Review and comprehend Bank loan documentation and client legal documentation.
• Assist the loan process through all stages (prospecting, underwriting, legal negotiation, closing, post-closing activities).
• Credit Analysts should be strong communicators in nature, having to liaise with various internal Bank colleagues, external counsel, and clients.
Qualifications, Education, Certifications and/or Other Professional Credentials
• Bachelor’s degree is required.
• Equivalent work experience or completion of formal credit training program and up to 2 years of applied financial analysis working with straight forward to moderately complex credits with a focus on Private Equity or Venture Capital is strongly preferred.
• 1-3 years of private banking or commercial banking experience in a fast-paced environment is preferred.
• Position requires basic internet search skills, developed knowledge of financial statement spreading and profitability modeling, effective verbal and written communications skills, ability to manage multiple priorities at once.
• Proficiency in Microsoft Excel, PowerPoint, and Word.
• Ability to interact with high-level financial professionals in the PEVC ecosystem, ranging from fund administrators to CFOs.
• Willingness to learn fund structure and how different loans support PEVC fund operations.
Hours & Work Schedule
Hours per Week: 40
Work Schedule: M-F - In office 4 days/week; WFH 1 day
Location: Boston, MA or New York, NY
Pay Transparency
The salary range for this position is $75,000 - $95,000 per year, plus an opportunity to earn an annual 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.
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Citizens Private Bank has accelerated its strategy to build out Wealth Management, scale its Business Banking, grow deposits, and expand in key growth markets. A key component of this initiative is our Private Equity & Venture Capital (“PEVC”) product suite, including Capital Call Lines of Credit, Management Company facilities and other products. We’re looking for talented individuals who recognize the value of delivering a white glove experience to clients that results in long-term client loyalty. As a PEVC Credit Analyst, you will play a vital role in assisting underwriters and overseeing the management of the current PEVC portfolio.
Primary responsibilities include
• Provide a white glove service to our clients, which includes timely responses to all client-related inquiries and requests.
• Create, maintain, and monitor all loan and credit files at the highest quality, which entails testing existing credit facilities for financial and reporting covenant compliance, detecting early warning signs that could lead to a potential default, monitoring underperforming loans and evaluating proper loan risk ratings.
• Fulfill ongoing post-closing duties by ensuring compliance reviews and processing draw and paydown requests.
• Ensure compliance with regulatory requirements and internal policies and procedures.
• Interact with private equity clients and understand operating models of client businesses.
• Underwrite credit approval packages for renewals and modifications to existing credit facilities.
• Assist with approval packages for new credit product originations.
• Work with internal partners to complete enhanced due diligence (KYC) on borrowers, guarantors, and authorized signers.
• Research and analyze client performance and structure for the purpose of determining the overall risk profile and creditworthiness of the client and communicating such to senior management.
• Review and comprehend Bank loan documentation and client legal documentation.
• Assist the loan process through all stages (prospecting, underwriting, legal negotiation, closing, post-closing activities).
• Credit Analysts should be strong communicators in nature, having to liaise with various internal Bank colleagues, external counsel, and clients.
Qualifications, Education, Certifications and/or Other Professional Credentials
• Bachelor’s degree is required.
• Equivalent work experience or completion of formal credit training program and up to 2 years of applied financial analysis working with straight forward to moderately complex credits with a focus on Private Equity or Venture Capital is strongly preferred.
• 1-3 years of private banking or commercial banking experience in a fast-paced environment is preferred.
• Position requires basic internet search skills, developed knowledge of financial statement spreading and profitability modeling, effective verbal and written communications skills, ability to manage multiple priorities at once.
• Proficiency in Microsoft Excel, PowerPoint, and Word.
• Ability to interact with high-level financial professionals in the PEVC ecosystem, ranging from fund administrators to CFOs.
• Willingness to learn fund structure and how different loans support PEVC fund operations.
Hours & Work Schedule
Hours per Week: 40
Work Schedule: M-F - In office 4 days/week; WFH 1 day
Location: Boston, MA or New York, NY
Pay Transparency
The salary range for this position is $75,000 - $95,000 per year, plus an opportunity to earn an annual 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.
Apply tot his job
Apply To this Job