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For Companies At a Glance
- Tasks: Assist in client management, prepare marketing materials, and structure loan facilities.
- Company: Join a leading European Corporate and Investment Bank based in the City of London.
- Benefits: Enjoy a friendly culture, excellent progression opportunities, and collaboration with global teams.
- Why this job: Be part of a growing team with a focus on innovation and client relationships in finance.
- Qualifications: 3-5 years in banking, strong numerical skills, and a degree in finance or related field.
- Other info: Ideal for self-motivated individuals who thrive in a fast-paced, deal-oriented environment.
The predicted salary is between 48000 - 72000 £ per year.
The primary objective is to assist the Team's Directors in identifying potential new clients and expanding business with existing clients by exploring new opportunities and generating ideas. Key duties include:
- Supporting the ongoing management of client relationships, identifying potential new clients, and assessing risk.
- Preparing marketing materials, pitch books, and related documents.
- Structuring and pricing new loan facilities and preparing indicative term sheets for approval by senior management.
- Preparing commercial proposals for submission to internal approval authorities, including calculating returns using the Bank's internal risk models.
- Coordinating with internal departments, such as Financial Markets, Capital Markets & Advisory, Transaction Services, Loan Distribution Group, and Sustainability, to ensure that clients have access to the full range of bank products and that returns are maximized.
- Collaborating with other Shipping Finance teams at the bank, including those in Amsterdam, Frankfurt, New York, and Singapore, to share best practices.
- Creating internal and external presentations, as well as supporting research material.
Profile
Essential:
- 3 to 5 years of experience in banking within a lending team.
- A collaborative and inclusive team player with proven ability to work across various business lines.
- Self-motivated with a strong work ethic, capable of thriving in a deal-oriented, deadline-driven environment, and able to manage multiple tasks effectively.
- Strong numerical skills, proficiency in Excel, an inquisitive mindset, and excellent communication skills (both written and verbal).
- A degree-level education with a solid understanding of accounting principles to interpret financial statements and create forward-looking financial projections, including P&L, balance sheet, and cash flow statements.
Desirable:
- Knowledge of the shipping industry and a strong interest in macroeconomics.
- CFA Level I or higher.
Job Offer
Established team/franchise that is continuing to grow. Friendly culture and excellent progression opportunities.
Shipping Finance Associate employer: Michael Page Banking
Contact Detail:
Michael Page Banking Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Shipping Finance Associate
✨Tip Number 1
Network with professionals in the shipping finance sector. Attend industry events, webinars, or local meetups to connect with people who work in similar roles. This can help you gain insights into the company culture and potentially get a referral.
✨Tip Number 2
Familiarise yourself with the latest trends in shipping finance and macroeconomics. Read relevant articles, reports, and publications to demonstrate your knowledge during interviews. This will show your genuine interest in the field and your proactive approach.
✨Tip Number 3
Prepare to discuss your experience in managing client relationships and structuring financial proposals. Think of specific examples where you've successfully navigated complex situations or contributed to team success, as these will be key talking points in your interviews.
✨Tip Number 4
Brush up on your Excel skills, especially in financial modelling and data analysis. Being able to showcase your proficiency in these areas during practical assessments or discussions can set you apart from other candidates.
We think you need these skills to ace Shipping Finance Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in banking and lending. Emphasise your numerical skills, proficiency in Excel, and any experience you have with client relationships or the shipping industry.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Shipping Finance Associate role. Mention specific experiences that demonstrate your ability to manage multiple tasks and work collaboratively across teams.
Showcase Relevant Skills: Clearly outline your strong communication skills and your understanding of accounting principles. Provide examples of how you've used these skills in previous roles, especially in preparing marketing materials or financial proposals.
Research the Company: Familiarise yourself with the bank's operations, particularly in shipping finance. Understanding their culture and values will help you align your application with what they are looking for in a candidate.
How to prepare for a job interview at Michael Page Banking
✨Know Your Numbers
As a Shipping Finance Associate, you'll need strong numerical skills. Brush up on your financial modelling and be prepared to discuss how you interpret financial statements, including P&L, balance sheets, and cash flow statements.
✨Showcase Your Collaborative Spirit
This role requires working across various business lines. Be ready to share examples of how you've successfully collaborated with different teams in the past, highlighting your ability to work inclusively and effectively.
✨Demonstrate Industry Knowledge
Having knowledge of the shipping industry and macroeconomics is a plus. Research current trends and challenges in the shipping sector, and be prepared to discuss how these might impact financing decisions.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills and risk assessment abilities. Think about how you would structure and price new loan facilities, and be ready to explain your thought process clearly.
