Sectors| Transportation, Logistics, & Automotive | Associate | NYC About the position: The Transport, Logistics, and Automotive (TLA) sector within ING Wholesale Banking has the mandate to develop corporate and investment banking business for ING across the TLA sectors globally. The sector team is responsible for developing business with clients in these sectors by providing wholesale banking solutions including financing, advisory services, financial market solutions, transaction services and other products & services to clients through its teams based in Asia-Pacific, Europe, and the Americas. In the Americas region, the team is based in New York.
Responsibilities :- New Deal Origination Support: Support MDs, Directors and VPs in the TLA Team in the origination and structuring of financing solutions, with an emphasis on the Auto, Shipping, Intermodal Transportation, Rail, Aviation and Logistics sectors. Responsibilities include but are not limited to onboarding of clients/ borrowers, KYC, industry & market analysis, preparing pitches and presentations for new financing opportunities, capital structuring or M&A transactions in the Transportation sector, greenlight memos, credit and written summaries for new lending transactions, using own or third party financial models to prepare or review financial projections and sensitivities analysis, reviewing due diligence materials, participation in the credit application process, and assisting in the maintenance of industry and market intelligence databases.
Requisite Skill Set:
- Strong academic track record with Undergraduate or Masters degree from top school
- Solid math and analytical skills essential
- Strong written and oral communication skills
- Must be highly detail-oriented and accurate
- Must be able to manage multiple projects simultaneously and meet tight deadlines
- Proficiency in MS Office (Excel, Word, PowerPoint): Must have outstanding Excel skills and be able to build own/use third-party financial debt models very soon after starting.
- Fundamental understanding of GAAP accounting principles and comfort with core financial statements (Income Statement, Cash Flow Statement and Balance Sheet).
- Fundamental understanding of key financial markets and products.
- Basic understanding of corporate and bankruptcy law.
- Team Player, self-motivated high quality/high quantity producer
Other:
- Writing sample - preferably a credit analysis
- Taking a basic debt modelling test
- References
Qualifications and Competencies- Education: Bachelor's Degree in Accounting, Finance, Economics or Math
- Experience: 4-5 years of relevant project/corporate finance experience ideally in Transportation, Logistics, or Automotive.
- Experience w/ pitching materials and power point.
- Microsoft Excel
- Series 79/63 or commitment to obtain within 6 months of joining.
Salary: $130,000 - $175,000
The salary range listed reflects base salary only. This role is eligible for participation in a discretionary bonus program.
In addition to comprehensive health benefits, a generous 401k savings plan, and competitive PTO, ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with commuting and fitness.
ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.
