Role details

This position is now filled

Senior Credit Manager - Venture Debt

Boston   •  Permanent

Bullet points

  • Leading VC lending firm rapidly expanding
  • 10+ years in asset-based credit management w/ experience in PE or VC

About Our Client

My client is a leading specialty finance firm that provides senior secured loans to venture-backed companies across industries. For over 10 years, my client has committed over $3 billion to 400+ companies.

Job Description

The Senior Credit Manager will work alongside the Credit Team analyze, underwrite, and assist in structuring and negotiating T&Cs of new and renewing transactions.

Responsibilities include but are not limited to:

  • Perform financial statement analysis, credit analysis, exposure evaluation.
  • Identify structure, collateral and document requirements and decision reasoning.
  • Prepare credit write-ups and specialized documents (i.e. inter-creditor agreements).
  • Ensures compliance with credit policies, collateral risk, pricing and documentation.
  • Develops credit information for use in evaluating new investment opportunities which include, but not limited to: review credit and financial information, including, financial statements, economic conditions, etc.
  • Prepares recommendations, coordinates credit and pricing analysis and presents to credit committee and provides guidance on credit requirement and credit decisions.
  • Evaluates loan proposals for potential approval assessing the credit risks, pricing yield, portfolio implications, risk rating, policy compliance, and loan structure.
  • Responsible for increased monitoring and involvement on Watch List accounts, including jointly (with Deal Team) developing restructuring strategy and implementation of action items related to increased mitigation of risk.

The Successful Applicant

  • 10+ years of experience in asset based portfolio credit management, including but not limited to ongoing review, extensive work-out and bankruptcy experience
  • Experience working with growth capital loans, LBO's, asset based or cash flow based lending, recapitalizations and distressed debt.
  • Previous underwriting experience working with venture capital backed companies
  • Knowledge of Credit Structure issues, Credit/Portfolio Administration, Pricing Yield issues, and Risk Assessment through experience as a Commercial Lending Officer and/or Credit Administration Officer.
  • Open to Boston-based candidates only

What's on Offer

  • Competitive base salary
  • Strong bonus potential
  • Options