• Senior Credit Analyst, Professional Loan Program

    ID
    2018-7217
    Job Locations
    US-CA-San Francisco | US-NY-New York
    Category
    Lending
  • Overview

    First Republic has a long history of partnering closely with the Private Equity and Venture Capital industries, and the Professional Loan Program (PLP), plays a pivotal role in deepening our ability to serve our client firms and their needs. Through the Professional Loan Program, we offer tailored loan programs to enable employees of our PE and VC firm clients to personally co-invest into the funds being raised by their firms. Another component of PLP is offering loans or lines of credit to prospective partners at professional service firms, to finance their partnership equity purchases. 

     

    As credit quality is of paramount importance to First Republic, we have a dynamic PLP team that focuses on credit underwriting across two different layers of our professional loan programs. We first perform a thorough credit analysis on the firms that we will be servicing to ensure that the firms meet our credit criteria before proceeding with the program. We then perform a thorough analysis on every individual borrower who will either be co-investing into a fund or buying into a partnership to ensure that our individual clients meet our credit criteria. 

     

    We're looking for an experienced Credit Analyst to specifically focus on firm-level underwriting to ensure and maintain the high credit quality of our Professional Loan Program portfolio. Candidates with experience in commercial underwriting and intimate knowledge of the Private Equity and Venture Capital industries are preferred.

    Responsibilities

    • Successfully spread and analyze business financial statements and/or tax returns using Moody’s or similar program and have an understanding of cash flow reports, financial ratios, trends, etc.
    • Identify recurring and non-recurring sources of cash flow and guarantor’s ability to debt service
    • Generate credit package (including memorandum, organizational charts, global cash flow, etc.) for professional loan programs. This includes financial and risk analysis, FRB strategy, purpose of loan, repayment sources, collateral, financial & reporting covenants, and company summary
    • Successfully underwrite credits ranging from simple to complex deals
    • Review formation documents and understand various entity structures. Review loan documentation for consistency and accuracy of Credit Narratives. This requires working with the Borrower, Commercial Loan Operations, Counsel and in some instances, outside legal counsel
    • Communicate directly with principals of firms to obtain necessary information/documentation to successfully create a comprehensive narrative on programs
    • Monitor existing credit facilities for financial and reporting covenant compliance. Be able to identify problem loans and work with Management, Executive Loan Committee and Credit Administration to take appropriate action
    • Underwrite credit narratives for new facilities as well as for renewals, modifications, and short-term extensions

    Qualifications

    • BA/BS Degree required with concentration in business or finance preferred
    • Strong ability to lead team initiatives by working collaboratively in a team environment within a matrix management structure
    • 3-5 years of credit analysis experience in the financial services/lending arena with experience in working with commercial firms and high net worth individuals 
    • Private Equity and Venture Capital industry experience a plus
    • Proven ability to develop and implement consultative enterprise-wide solutions and ability to manage large pipeline of transactions at any given time

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