CREDIT ASSOCIATE - Food & Beverage
In Office - NYC, Los Angeles, Walnut Creek, or San Francisco
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?
- Role: Support the underwriting and management of cash‑flow and asset‑based loans ≥$25.0 million for the national Food & Beverage (“F&B”) platform across the sponsor and strategic channels. Target Borrower profiles, both private and public, have EBITDA >$10.0 million and Revenue >$200.0 million. Structures typically include revolvers, term loans, delayed draw term loans, and CAPEX lines across multiple product lines. Transaction types typically include leveraged buyouts, management buyouts, refinances, growth capital, recapitalizations, add‑on acquisitions, etc.
- Underwriting: Support due diligence efforts as Agent or Participant for Borrowers across the F&B value chain (i.e. manufacturers, processors, distributors, grocers, etc.). Core competencies include historical and projected financial statement analysis, dynamic 3‑statement financial modeling, and credit memorandum preparation.
- Portfolio Monitoring: Support the management of a portfolio of Borrowers across multiple F&B subsectors with various structures, roles, commitments and risk ratings. Perform monthly/quarterly and annual reviews covering financial performance, risk ratings, capacity to repay, covenants, etc. Evaluate credit requests to assess creditworthiness and prepare corresponding approval memorandums, as applicable.
- Data Analysis: Analyze credit data, market and industry reports, trendcards, and prepare credit presentations to support underwriting and portfolio management.
- Risk Management: Support effective risk management practices, maintaining high standards of credit quality and origination in alignment with the Bank’s credit risk appetite, and compliance with institutional and regulatory requirements.
- Collaboration: Work 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: Demonstrate 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?
Compensation
Starting 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
- 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
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
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