Citizens Bank Associate II - Structured Finance in New York, New York
Citizens Bank’s Structured Finance Group is seeking an experienced Associate in New York City to support the team’s senior professionals in originating, structuring and executing debt financings. Transactions to support acquisitions, leveraged buyouts, dividend recapitalizations, in-court and out-of-court restructurings and short/long term refinancings. The Associate’s/VP responsibilities will require significant transaction involvement, from origination through closing, and the ability to work on multiple projects and transactions concurrently. The Associate/VP will play a critical role on deal teams and coordinating projects and will interact directly with Managing Directors, Directors, senior management, other groups within Citizens, prospective customers, investment banking clients, private equity firms, legal counsel, and professionals at other banks. This position offers an excellent opportunity to join a recently formed team at a rapidly growing bank with market leading positions in middle market corporate and financial sponsor backed transactions. The Structured Finance Group sources new financings greater than $20 million from key intermediaries, including large/mid-size investment banks and distressed-focused private equity funds. As a result, the Associate/VP will have the opportunity to develop direct relationship management responsibilities with the intermediaries. Through this experience the Associate/VP will gain insight into the issues and considerations for management teams and shareholders at growing corporations, and exposure to strategic, financial and capital decision making. Key Tasks and Responsibilities of the role include, but are not limited to: Working with Managing Directors and Directors to develop new business ideas, pitch strategies or transaction financing scenarios to help clients to achieve their financial and strategic objectives Actively participating in meetings with investment banking, P/E funds as well as other clientsPreparing pitch materials for client meetings, including liaison with capital markets and underwritingPerforming extensive financial statement modeling for a variety of transaction scenariosConducting comprehensive industry and customer research to create and maintain essential customer and internal reportsAnalyzing financial model output and client information to prioritize data and present conclusions for discussion purposesCoordinating with team members to provide indicative transaction structure and pricing guidance based on financial model and comparable transaction analysisSupporting Portfolio/Relationship Managers in transaction screening and credit/underwriting approval meetings to provide detailed overviews on clients and transactions and offer deal insights and adviceProvide corporate finance, equity valuation, relative value analysis and comparable analysis support for senior debt financings, as well as, full capital structure analysis including second lien, mezzanine debt and debt capacity analysis.Credit underwriting focused on completing acquisitions, recapitalization, restructurings, leveraged buyouts and refinancing transactions for new and existing customers. Completing and managing process of implementationPlaying a key leadership role throughout the transaction execution process Working with legal counsel and clients to draft and negotiate all legal documentationWorking with sales distribution team to develop syndication strategies with targeted investor lists and populate and manage data room information and accessAssisting clients, internal operations team and investors through the closing processThis opportunity carries a competitive salary and a discretionary annual bonus based on individual and firm achievement.
Ability to function as part of a flat organization, manage several projects at once and work effectively as an individual and as part of multiple teamsExcellent oral and written communication skills with the ability to express ideas in a persuasive, organized, and articulate mannerAbility to follow-up independently and consistently and play the critical role as the project manager on most assignmentsDemonstrated aptitude for quantitative and qualitative analysis with a solid understanding of financial statements, financial modeling as well as company enterprise and industry analysis Self-starting team player who can think strategically and excel in a fast-paced, entrepreneurial, challenging work environmentHigh degree of maturity and integrity with a positive and hardworking attitude Excellent attention to detailAbility to immediately contribute to the group based on past experience and help to transfer best practices and knowledgeBackground qualifications include: Undergraduate degree with a strong academic record from a leading university. All concentrations considered given level of industry experienceMBA a strong plus, but not required given level of experienceAttendance in a formal investment or corporate banking training program preferred, but not required2 to 6 years of direct experience with proven client interaction and Debt Capital Markets, Loan Syndications, Leveraged Finance, M&A, Mezzanine Debt, Equity Capital Markets transaction experience, or Asset Based Lending Underwriting. Full command of Microsoft Word, Excel and PowerPoint along with related financial services softwareHours & Work ScheduleHours per Week: 40Work Schedule: Monday - FridayWhy Work with UsAt Citizens, you’ll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth.Equal Employment and Opportunity Employer/Disabled/VeteranIt is the policy of Citizens Bank and Citizens Securities, Inc. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws.Equal Opportunity & Affirmative Action Employer Disabled/VeteranCitizens Bank is a brand name of Citizens Bank, N.A. and each of its respective subsidiaries, and Citizens Bank of Pennsylvania.