Associate Asset-Backed Finance

Citizens Bank - Charlotte, NC

Full-time - Entry Level

Charlotte, NC

Credit Intermediation and Related Activities

About the position

The Asset-Backed Finance (ABF) Associate will support senior team members in various aspects of Corporate Credit Securitization (CCS) advisory, credit analysis, credit underwriting, client marketing, and deal execution. This role is essential in providing debt and debt advisory services to US-based middle market credit managers, including Direct Lenders and Private Capital managers, and will report to the Head of Asset-Backed Finance in Charlotte, NC.

Responsibilities

• Support all aspects of CCS lending transaction origination, execution, and ongoing maintenance, including marketing, structuring, and closing Lead Arranged transactions.
• Prepare underwriting memos, conduct transaction analysis and summaries, and organize the underwriting process for the lead deal team member.
• Respond to client, internal partners, and syndicate partners on transaction inquiries.
• Prepare and organize transaction due diligence calls and meetings.
• Write, organize, and distribute syndication materials to potential syndicate partners in Lead transactions.
• Organize, lead, and resolve open legal matters on legal document creation and execution.
• Perform market analysis and research.
• Work collaboratively with key internal constituents (credit/risk management and PM), external constituents (counsel, trustees, and clients), and syndicate partners in support of Lead Arranged transactions.
• Monitor and research capital markets trends with a focus on securitization markets.
• Maintain internal deal and market databases.
• Execute ratings-based modeling to determine risk ratings and breakeven loss tolerance.
• Contribute to business and client data management processes.

Requirements

• At least 3 years of relevant work experience.
• Experience reading and analyzing CLO bond indentures.
• Strong Excel skills manipulating large data sets.
• Experience preparing leveraged loan and/or securitization loan credit analysis, including identifying and prioritizing transaction risks and mitigants in concise written format.
• Familiarity with rating agency securitization methodologies.
• Proactive, detail-oriented, and proven ability to work independently on multiple projects.
• Strong oral and written communicator.
• Proficient in Microsoft Office software (Excel, PowerPoint, Word).
• Bachelor's degree required.

Benefits

• Opportunities for advancement