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For Companies At a Glance
- Tasks: Lead the underwriting process and analyze potential borrowers' financials.
- Company: Join an independent direct lending platform focused on SMEs and middle-market companies.
- Benefits: Enjoy autonomy, flexible location options, and close collaboration with senior stakeholders.
- Why this job: Take control of credit processes and make impactful decisions in a dynamic environment.
- Qualifications: 8-10 years of credit experience, strong financial modeling skills, and knowledge of deal structuring.
- Other info: Work from London, Birmingham, or Manchester with occasional travel to London.
The predicted salary is between 43200 - 72000 £ per year.
About Our Client
Our client is an independent direct lending platform that prides itself on providing long-term capital solutions to SMEs and middle-market companies.
Job Description
In brief, you will be responsible for:
- Taking ownership of the underwriting process for prospective borrowers.
- Completing in-depth financial and non-financial analysis of potential borrowers.
- Determining the associated risks involved in granting a loan secured against assets in the renewables, offshore, and recycling sector.
- Attending credit meetings with potential borrowers and identifying key risks, strengths, and weaknesses.
- Carrying out market analysis of the sector, industry outlooks, target markets, and borrower’s position.
- Being competent with financial modelling, preparing and presenting them, as well as comfortably giving overviews of structure, cash flow, collateral, etc.
- Providing recommendations based on your analysis and assessment of credit risk and presenting the deal to the Investment Committee.
- Engaging with external contacts such as solicitors and valuers.
The Successful Applicant
The successful candidate will:
- Be comfortable and confident leading credit processes, from engaging with potential borrowers to writing credit papers and presenting to the committee.
- Have experience lending to corporates and against assets such as machinery and plants, with a high-level overview of key risks for this type of lending.
- Possess strong financial modelling and analysis skills.
- Ideally have 8-10 years of solid credit experience and a background working in a non-bank or alternative lender within the UK.
- Have a solid understanding of deal structuring and documentation.
What’s on Offer
- Working very closely with senior stakeholders.
- Good autonomy in your role.
- The opportunity to take control of the credit underwriting process by being an SME within this function.
- The option to work in the London office full-time, or being located in Birmingham or Manchester, with the requirement to travel to the London office once or twice a month.
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Senior Credit Officer (Asset based lending) employer: Michael Page UK
Contact Detail:
Michael Page UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Credit Officer (Asset based lending)
✨Tip Number 1
Make sure to familiarize yourself with the specific lending practices and regulations in the UK, especially those related to asset-based lending. This knowledge will not only help you during interviews but also demonstrate your commitment to understanding the industry.
✨Tip Number 2
Network with professionals in the asset-based lending sector. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at our company.
✨Tip Number 3
Brush up on your financial modeling skills. Being able to showcase your proficiency in creating and analyzing financial models will set you apart from other candidates and is crucial for the role.
✨Tip Number 4
Prepare to discuss real-life examples of your credit analysis and underwriting experience. Be ready to explain how you've identified risks and made recommendations in past roles, as this will be a key focus during the interview process.
We think you need these skills to ace Senior Credit Officer (Asset based lending)
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description and understand the responsibilities of a Senior Credit Officer. Highlight your relevant experience in underwriting processes and financial analysis in your application.
Showcase Financial Modelling Skills: Emphasize your financial modelling and analysis skills in your CV and cover letter. Provide specific examples of how you've successfully used these skills in previous roles, especially in asset-based lending.
Highlight Relevant Experience: Detail your experience with corporate lending and asset-backed loans. Mention any specific sectors you have worked in, such as renewables or recycling, to align with the company's focus.
Prepare for Presentation: Since the role involves presenting to the Investment Committee, consider including a brief overview of a past presentation or report you created. This will demonstrate your ability to communicate complex information effectively.
How to prepare for a job interview at Michael Page UK
✨Showcase Your Underwriting Expertise
Be prepared to discuss your experience with the underwriting process in detail. Highlight specific examples where you successfully assessed credit risk and made informed lending decisions, especially in asset-based lending.
✨Demonstrate Financial Modelling Skills
Since strong financial modelling is crucial for this role, bring examples of financial models you've created or worked on. Be ready to explain your approach to cash flow analysis, collateral evaluation, and how these models influenced your recommendations.
✨Understand the Sector Dynamics
Research the renewables, offshore, and recycling sectors thoroughly. Be prepared to discuss current market trends, potential risks, and opportunities within these industries, as well as how they impact lending decisions.
✨Engage with Stakeholders
Highlight your experience working with external contacts like solicitors and valuers. Discuss how you effectively communicate and collaborate with various stakeholders throughout the credit process, ensuring all perspectives are considered.
