Credit Associate

Job DetailExperience Level StaffDegree Type Bachelor of Science (BS)Employment Full TimeWorking Type On SiteJob Reference 0000021134Salary Type AnnuallyIndustry Asset ManagementSelling Points Support impactful credit transactions in a dynamic financial environment. Collaborate with experienced professionals to enhance your analytical and modeling skills. Gain valuable exposure to private credit industry operations.Job DescriptionCredit Associate OverviewThe Credit Associate will support the Credit team in underwriting and structuring asset-backed revolving credit facilities and corporate term debt.Gain hands-on experience in private credit industry, working closely with cross-functional teams and senior management.Conduct detailed due diligence and financial analysis to assess creditworthiness of borrowers and their assets.Prepare comprehensive credit memos and presentations for senior management and committees.Develop and maintain financial models to forecast cash flows and evaluate investment risks.Collaborate with transaction management teams and back-office teams to ensure seamless operations.Stay updated on market conditions, industry trends, and legal developments impacting the portfolio.Contribute to the formulation of risk mitigation strategies for loan agreements.Credit Associate Key Responsibilities & DutiesConduct in-depth evaluations of prospective borrowers, analyzing financial statements and business models.Develop detailed financial models to forecast cash flows and assess debt coverage.Perform stress tests on financial models to identify risks and coverage gaps.Assist in drafting key risk mitigating terms for loan agreements and covenants.Prepare detailed credit memos and presentations summarizing findings and recommendations.Generate regular and ad-hoc reports for internal and external stakeholders.Collaborate with cross-functional teams to ensure alignment on credit transactions.Monitor market conditions and industry trends to inform credit strategies.Credit Associate Job RequirementsBachelor’s degree in Finance, Economics, Accounting, or related field required.2-5 years of experience in credit analysis, structured credit, or related financial services roles.Proficiency in financial modeling and analysis, including building complex models.Familiarity with credit agreements, loan covenants, and structured credit documentation.Strong written and verbal communication skills for presenting financial data.Advanced proficiency in Microsoft Excel and PowerPoint.Ability to work independently and collaboratively in a fast-paced environment.Demonstrated interest in private credit, financial markets, and credit risk.