Senior Credit Analyst

Job Description

Overview

Senior Credit Analyst, Sponsor Finance

2+ years of related experience in leveraged lending, sponsor finance, middle-market commercial banking, private credit, or investment banking.

Bachelor's degree or equivalent experience required.

Demonstrated ability to independently build and maintain multi-scenario financial models in Excel — not just populate templates.

Strong command of leveraged finance concepts: capital structures, leverage and coverage ratios, excess cash flow sweeps, covenant structures, subordination, and intercreditor dynamics.

Experience analyzing SaaS and recurring revenue business models, including ARR-based metrics and retention dynamics is a plus.

Strong analytical, conceptual, and organizational skills with the ability to develop informed views on industries, business models, and competitive dynamics.

Responsibilities

Serve as a core member of the deal team underwriting senior secured credit facilities to private equity-backed companies across software, technology, healthcare IT, and business services.
Own the end-to-end credit process — from initial deal screening through Investment Committee presentation to ongoing portfolio surveillance — producing institutional-quality work product that drives credit decisions.
Evaluate new leveraged buyout, add-on acquisition, and recapitalization opportunities sourced from private equity sponsors, preparing credit screeners that synthesize transaction structures, financial metrics, deal strengths, and key credit risks with mitigants.
Build and maintain detailed underwriting financial models in Excel, including multi-year projections, sources & uses, capitalization tables, debt schedules, fixed charge coverage, excess free cash flow, and deleveraging analyses under base and downside scenarios.
Author comprehensive Loan Presentations for Investment Committee approval, including executive summaries, investment theses, sponsor analyses, industry and business overviews, financial trend analysis, sensitivity cases, and risk rating recommendations.
Analyze recurring revenue business models, including ARR-based leverage constructs, gross/net retention, logo churn, customer concentration, and unit economics.
Maintain Monthly Trend Cards for portfolio credits, tracking revenue, Adj. EBITDA, free cash flow, liquidity, covenant compliance, and performance-to-plan variances.
Participate in sponsor and management calls, capturing key performance updates, strategic developments, and emerging risks; proactively identify early warning signals and recommend appropriate actions.

Qualifications

Excellent written communication skills with the ability to produce clear, structured, IC-ready credit memoranda.
Ability to self-motivate and manage multiple transactions and portfolio credits simultaneously.

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About Company

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands — Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank — that remain part of the company’s heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.