Asset Based Finance Associate

Responsibilities

• Conduct due diligence on investment opportunities, including in-depth analysis on portfolios of assets, asset-based lending opportunities, structured debt, specialty finance companies, and financial institutions; work with and manage third-party diligence providers to facilitate the review and closing of transactions
• Analyze and underwrite potential investments by reviewing historical performance data (e.g., prepayment, default, and recovery data, as well as other key information depending on the transaction), developing cash flow projection models, and performing investment analyses; model underlying asset cash flows across asset classes and create sensitivity and comparable analyses to assess the relative risk and value of pote
• Assist in preparing investment committee memos, diligence memos, and other investment analyses
• Ensure the quality, completeness, and accuracy of analyses and other deliverables associated with investment decisions
• Assess non-economic, legal documentation risks and review and comment on transaction documentation (term sheets, purchase and servicing agreements, credit agreements, etc.)
• Monitor positions on an ongoing basis and perform quarterly valuations of investments
• Interface and negotiate with external counterparties

Qualifications

• Superior valuation, modeling, and Excel skills evaluating financial assets
• Strong accounting, finance, modeling, and problem-solving skills
• Keen interest in the financial markets and good commercial instincts
• Ability to multi-task and maintain composure in a high-volume environment
• Strong sense of urgency; ability to execute quickly and efficiently with attention to detail
• Strong verbal and written communication skills and ability to interact and collaborate with internal and external stakeholders
• Comfortable working in a high growth, iterative environment

Preferred Qualifications

• Prior buyside experience or securitization investment banking (with a focus on whole loan trading or warehouse lending) experience is strongly preferred
• 2-4 years of Finance or Investment Banking experience within a Structured Finance or Financial Institutions focused group or similar buyside experience
• Experience underwriting, structuring, and reviewing consumer, residential, and commercial whole loan pools, asset-backed securitizations, and private asset-backed credit facilities
• Intex, VBA, Collateral Analysis System (CAS), and Snowflake/SQL proficiency is preferred but not mandatory

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