CREDIT ASSOCIATE SPWHAT IS THE OPPORTUNITY?
The Credit Associate is responsible for supporting credit analysis and portfolio management activities for two high-growth national verticals: ESOP and Healthcare. 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?
- Assist in underwriting and managing diverse debt structures tailored for ESOP and Healthcare clients. These structures include revolvers, term loans, delayed draw term loans, and CAPEX lines. You will work with target borrower profiles, both private and public, with EBITDA > $10MM. Transactions include leveraged buyouts, recapitalizations, refinances, growth capital, and acquisitions.
- Underwriting: Support due diligence efforts and perform credit analysis to assess creditworthiness of borrowers, guarantors, and sponsors. Core competencies include analyzing historical and projected financial statements, completing dynamic 3-statement financial models, and preparing credit approval memorandums.
- Portfolio Management: Performs portfolio management activities to monitor and analyze portfolio performance, including periodic reviews and covenant tracking.
- Data Analysis: Analyzes credit data, market and industry reports, trendcards, and prepare credit presentations to support underwriting and portfolio management.
- Risk Management: Supports effective risk management practices, maintaining high standards of credit quality and origination in alignment with Bank's credit risk appetite, and compliance with institutional and regulatory requirements.
- Collaboration: Works closely with team members to ensure cohesive and effective credit operations. Participate in ad-hoc projects to support the organization's priorities.
- Learning and Development: Demonstrates a strong desire to learn underwriting and portfolio management skills, actively seeking opportunities for professional growth and development, eventually leading to ownership of a portfolio of credits.
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*- Bachelor's 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 in credit management and lending operations, with a strong understanding of risk management principles
- Desire to build leadership and coaching skills, with the ability to train and develop talent
- Strong communication and collaboration skills, with the ability to work effectively with senior leadership and cross-functional teams
- Intermediate analytical skills, with the ability to interpret complex data and make informed decisions
- Industry-specific knowledge and expertise
WHAT'S 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.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
