Associate Credit Officer

Job Description

Job Description

Position Overview :

This individual will be responsible for supporting the origination, structuring and execution of transactions, including private credit, project finance and asset-based lending. Assists in the preparation of prescreen and deal approval memos, transaction structuring, due diligence, financial modeling, documentation review, and transaction closing.

Commitment to Internal Control :

The incumbent accepts the responsibility for establishing and maintaining the internal control system associated with the essential duties and responsibilities of the functional areas that the incumbent manages.

Essential Duties and Responsibilities :

(List in order of time spent)

• Have a clear understanding of MHCA’s credit policies and operational procedures.
• Evaluate new business transactions on a timely basis in collaboration with the origination teams.
• Specific underwriting focus based on prior experience, preferably in private credit, project finance and / or asset-based lending. The incumbent is expected to become familiar with all three segments over time.
• Assist in preparation and preparation of initial prescreen memo, including company overview, financial analysis, valuation work, and diligence items.
• Coordinate with sponsor contacts, borrower management team, agent banks, transaction advisors, external counsel, and other third-party resources as part of the diligence and documentation processes.
• Contribute to the preparation of a comprehensive underwriting memo, including leading the financial modeling and sensitivity analysis, as well as documentation of compliance with underwriting guidelines and preparation of the obligor rating.
• Participate in presentation of the approval memo to delegation holders, including credit committee.
• Monitor trends across targeted industry sectors to support deal origination.
• Proactively monitor obligor financial performance and identify any adverse trends to senior management.
• Work with portfolio manager to onboard new clients for funding procedures and reporting requirements.
• Assist portfolio managers in reviewing credit amendment requests for existing clients.
• Manage Salesforce records and information files for pipeline transactions.

KPI’s (Key Performance Indicators) :

Management / Supervisory Responsibilities :

Responsibility and Decision-Making Authority :

Qualifications :

Knowledge, Skills, and Abilities :

Competencies :

Analytical ability

Ability to transmit information

Ability to work in a Team

Detail-oriented

Action-oriented

Business Acumen

Education and Experience :

Licensing and Certification :

Tools and Equipment Used :

Working Hours :

Travel :

Physical Demands :

The job description does not constitute an employment contract, implied or otherwise, other than an “at will” relationship and is subject to change by the employer as the needs of the employer and requirements of the job change.

The position is exempt and the salary will be between $90,000.00 and $160,000.00 with an opportunity to earn a discretionary annual bonus.

The salary range is determined and based on internal equity, market data / ranges, applicant's skills, prior relevant experience and education.

Additional benefits :