Associate - Credit Associate (Healthcare)
7 days ago
JOB NUMBER:
COR003135)
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Business Overview:
The portfolio of clients consists of investment grade and high yield groups, both leveraged and non-leveraged. Sound projection modelling skills are required.
In the role, the Credit Analyst will interact and develop strong relationships with Risk partners, Delegation Holders, Bankers (i.e., Coverage) and Product Teams (among others, FX, IRD, Commodity, Equity, Global Trade Solutions, Loan Capital Markets, and Leveraged Finance Teams) including coordinating the credit process amongst the various Product and Risk teams to ensure an efficient and smooth turnaround of transactions.
- Results and Impact
- Able to influence peers and team.
- Demonstrates good judgement when making decisions of high complexity and impact.
- Exercise appropriate autonomy in the execution and delivery of work.
- Responsible for driving outcomes, which have meaningful effect on team or department.
- Leadership and Collaboration:
- Creates trust with colleagues.
- Acts in leadership capacity for projects, processes, or programs.
- Client, Customer and Stakeholder Focus:
- Able to build relationships with a mix of colleagues and clients.
- Interacts regularly with management and department leaders.
- Demonstrates the ability to influence stakeholders at the team level.
- Compliance Culture and Conduct:
- Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
- Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.
Responsibilities:The Credit Associate will be responsible for managing corporate & LBO client relationships from a credit perspective.
Specifically, the Credit Associate will be involved in:
- Monitor the credit quality of a portfolio of assigned client names in the Healthcare Portfolio (pharma, medtech, healthcare services etc.), including investmentgrade, high yield, and sponsorowned clients. This includes periodic review of borrower financial statements, press releases, news articles, industry information, rating reports, peer analysis, etc.
- Prepare credit proposals for assigned portfolio to be included in new originations, annual reviews, facility renewals, amendments, waivers, watch list reports, refinancing, and underwritings of new clients.
- Coordinate the credit process with the relevant coverage, product, and risk teams to ensure an efficient turnaround of transactions.
- Create and maintain client exposure and internal risk ratings using bank rating methodologies.
- Participate in client calls (including bank meetings) as needed for due diligence on assigned client names.
- Maintain reporting related to portfolio including deal flow, exposure tracking, and other general reports.
- Interact with internal and external auditors during loan examinations.
- Interact with other bank branches to coordinate information on group or contributor strategies.
- Mentor juniors and be a team player supporting and working with other team members, bringing value and contributing to the success of the Team
Minimum Required Qualifications:
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Solid knowledge of loan structures, terms, credit agreements and projection modeling skills are required.
- Knowledge of general banking products and banking practices
- Understanding of the Healthcare sector is a plus but not mandatory.
- Ability to multitask and ability to work under quick turnaround times as needed in live deal transactions.
- Good verbal and written communication skills; professionalism in dealing with Senior Bankers (Director and above) on a daily basis.
- Self-Starter with ability to take initiative when working alone or with peers.
- Proficiency in Word and Excel and knowledge of English language is required.
Preferred Qualifications:
- Bachelor's degree in Finance, Economics, Accounting or other similar areas.
- 4+ years prior experience in a Corporate Banking (preferably in corporate credit) environment or Rating Agencies covering corporate clients.
- Experience with M&A transactions, LBO financing a plus.
FINRA Registrations Required:
- Not Applicable
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
- Not Applicable
SEC Security-Based Swap Dealer Associated Person:
- Not Applicable
- The expected starting salary range for this position is between $125,000 to $155,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location._
- In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the wellbeing and growth of our employees. Our benefits include medical,
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