Other Jobs To Apply
No other job posts for this day.
CREDIT ASSOCIATE - Fund Finance WHAT IS THE OPPORTUNITY?
The Credit Associate Sr. is 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
Sr. 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?
Provide customized solutions for asset management clients in support of both their managed Funds and the capital needs of the Firm.
Transaction types include (i) capital call facilities for managed Funds (RLCs used to bridge timing between fund investment acquisition and calling capital from LP investors) and (ii) RLCs/TLs directly to the asset management firm to support working capital, dividend distributions, general corporate purposes, GP investments and partner buy-outs.
Evaluate and monitor the credit quality of institutional and high net worth limited partners that are the primary source of repayment for capital call RLCs.
Prepare annual reviews, review covenant compliance and borrowing base advance requests, evaluate borrower amendment requests.Credit Analysis: Performs credit analysis activities to assess creditworthiness of borrowers, guarantors, and sponsors.
Performance Monitoring: 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
Extensive 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
Extensive analytical skills, with the ability to interpret complex data and make informed decisions
Industry-specific knowledge and expertise WHAT'S IN IT FOR YOU?
Compensation
Starting base salary: $37.96 - $60.64 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks
At 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. ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish.
City National
Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial servic
