Credit Associate - Fund Finance

City National Bank • Los Angeles, CA • 4h ago

CREDIT ASSOCIATE - Fund Finance

WHAT IS THE OPPORTUNITY?

The Credit Associate 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 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

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 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 https://careers.cnb.com/benefits.

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 services companies. To learn more about City National and our dynamic company culture, visit us at https://www.cnb.com/about-us.html.

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