Corporate Banking Credit Analyst I - Subscription Finance

DescriptionCitizens Bank is seeking a Credit Analyst to join the Subscription Finance & Services Group. Credit Analysts within this group will work closely with the team’s senior Portfolio Managers and Relationship Managers who oversee a portfolio of private equity fund relationships of varying size and complexity and will apply credit policy and field questions related to the underwriting and portfolio management of subscription lines of credit, which are used to manage capital calls from the funds limited partners. The Credit Analyst will conduct detailed research and due diligence of the fund’s limited partners, market trends and other factors related to the financing that will be considered as part of credit decisions. Successful Credit Analysts become well-positioned for a promising career in Commercial Credit and are equipped with the fundamentals of underwriting, which will be transferrable to a wide range of opportunities. Primary Responsibilities include:

Review and analyze borrowing bases for clients of the Subscription Finance Group

Create and maintain financial models and databases that support portfolio management’s monitoring of collateral, compliance with credit policy and the underwriting of loans.

Coordinate with numerous internal constituencies, including data engineers, to generate comprehensive reports in Excel, Access and Power BI that support portfolio management

Perform financial analysis and due diligence

Write company specific and thematic investment-driven research reports

Conduct research from the primary literature, proprietary databases, tailored industry surveys

Attend meetings with management teams and investor conferences

Analyze and update investment themes and ideas across the Internet sector

What we have to offer:

Formal training, strategies and tools to support personal growth and the development of strong team relationships

Performance-based career growth opportunities and the opportunity to become a future leader in the Commercial Credit space

Collaborative workforce committed to supporting ideas and feedback

Team atmosphere of diverse, inclusive professionals committed to making an impact as an organization

Opportunities to volunteer and give back to our local communities

This position offers an excellent opportunity to join a high performing and rapidly growing team within one of the largest regional banks in the country. Through this experience, Analysts will gain insight into the issues and considerations for private equity funds as they raise third-party equity, deploy capital across investments and ultimately liquidate those positions over time. Analysts will also develop direct working relationships with current and prospective private equity clients, professionals at other banks, and work firsthand with external legal counsel to negotiate and close new transactions.

Qualifications

General position requirements include:

Ability to function as part of a flat organization, manage several projects at once, and work effectively both independently and as part of multiple teams

Demonstrated experience in credit matters, able to read, interpret, and understand credit issues quickly, and capable of working with a large complex portfolio

Excellent oral and written communication skills with the ability to express ideas in a persuasive, organized, and articulate manner

Background in finance, economics, or accounting preferred

Self-starting team player who can think strategically and excel in a fast-paced, entrepreneurial, and challenging work environment

Ability to follow-up independently and consistently and play the critical role as the project manager on assignments

High degree of maturity and integrity with a positive and hardworking attitude

Excellent attention to detail

Background qualifications include:

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 in a commercial banking environment is strongly preferred

1-3 years of commercial banking experience is preferred. Commercial Banking experience may include internships, formal credit training, business banking, middle market, and/or specialty commercial banking, commercial banking administration, commercial banking operations, commercial credit/risk oversight, and commercial loan documentation/funding/servicing or other relevant experience

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, Access, PowerPoint, Word and Power BI

Education:

Bachelor’s degree is required

Hours and Work Schedule

Hours per Week: 40

Work Schedule: Monday through Friday

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.Equal Employment OpportunityAt Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.Equal Employment and Opportunity EmployerCitizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.Why Work for UsAt Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growthBackground CheckAny offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.08/06/2024