CREDIT ASSOCIATE - Food & Beverage In Office - NYC, Los Angeles, Walnut Creek, or San Francisco WHAT IS THE OPPORTUNITY?
The Credit Associate is an intermediate colleague responsible for supporting credit analysis and portfolio management activities. This role involves assisting with credit data analysis, underwriting, and portfolio review activities including facilitating credit risk recommendation. The Credit Associate may be assigned a book of lower-complexity loans and relationships. The Credit Solutions Associate collaborates with team members to ensure effective credit operations. The Credit Solutions Associate helps maintain high standards of credit quality and compliance.
WHAT WILL YOU DO?
- Role: Support the underwriting and management of cash-flow and asset-based loans 63e;$25.0 million for the national Food & Beverage (22;F&B22;) platform across the sponsor and strategic channels. Target Borrower profiles, both private and public, have EBITDA 63e;$10.0 million and Revenue 63e;$200.0 million. Structures typically include revolvers, term loans, delayed draw term loans, and CAPEX lines across multiple product lines. Transaction types typically include leveraged buyouts, management buyouts, refinances, growth capital, recapitalizations, add-on acquisitions, etc..
- Underwriting: Support due diligence efforts as Agent or Participant for Borrowers across the F&B value chain (i.e. manufacturers, processors distributors, grocers, etc.). Core competencies include historical and projected financial statement analysis, dynamic 3-statement financial modeling, and credit memorandum preparation.
- Portfolio Monitoring: Support the management of a portfolio of Borrowers across multiple F&B subsectors with various structures, roles, commitments and risk ratings. Perform monthly/quarterly and annual reviews covering financial performance, risk ratings, capacity to repay, covenants, etc. Evaluate credit requests to assess creditworthiness and prepare corresponding approval memorandums, as applicable.
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*- Bachelor7s Degree or equivalent in Finance, Business, or related field
- Minimum 2 years of progressively increasing credit underwriting and portfolio management experience in relevant industry/industries
Additional Qualifications- Intermediate experience (i.e., ideally 3+ years underwriting) in credit management and lending operations, with a strong understanding of risk management principles.
- Demonstrates a strong desire to learn advanced underwriting and portfolio management skills, actively seeking opportunities for professional growth and development, eventually leading to ownership of a portfolio of credits.
- Effective risk management practices, maintaining high standards of credit quality and origination in alignment with Bank7s credit risk appetite, and compliance with institutional and regulatory requirements.
- Strong communication and collaboration skills, with the ability to work effectively with senior leadership and cross-functional teams, participate in ad-hoc projects to support the organization7s priorities.
- Intermediate analytical skills, with the ability to interpret complex data and make informed decisions
WHAT7S IN IT FOR YOU?CompensationStarting base salary: $34.55 - $55.19 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and PerksAt City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
Get a more detailed look at our Benefits and Perks.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
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