Portfolio Analyst/ Associate - Acquisition Finance London, England
Job description
Job Specification
Department Overview:
Over an extended period of time, ING has developed a dynamic and focussed Acquisition Finance team, which now encompasses a platform incorporating London, Amsterdam, Paris, Madrid, Frankfurt, Central & Eastern Europe, New York and APAC operations in Singapore and Australia. A key component of this development is the distinction between Origination and Portfolio activities, with the Portfolio Team being responsible for managing the quality and reporting of the overall AF book. London, specifically, is directly responsible for transactions booked in Paris, CEE and APAC, alongside the UK transactions. In addition dedicated portfolio teams exist in Amsterdam and New York being responsible for the other locations and reporting functionally to the Global Head of Portfolio in London, who has overall responsibility for ensuring consistency of management across what is currently c.EUR8.5bn of commitments across c.360 transactions.
Main Duties and Responsibilities of Role:
Operating as part of a team providing support in the management of ING’s relationships with companies acquired by Financial Sponsors. Key responsibilities for the Portfolio Team are managing and controlling the risks inherent in a portfolio of highly leveraged transactions, with specific focus upon business cashflows to assess credit risk. This is undertaken by way of;
Analysis that includes research of the credit, business / industry and its key drivers and risks
Financial modelling including detailed cashflow analysis, preparation of financial models
Preparation of annual reviews, amendment / waiver requests, credit papers for submission to the credit process, including completion and accuracy checks of internal systems and compliance related requirements to accompany credit packs.
Monitoring of financial and management information to ensure covenant compliance and early identification of performance variances to budget.
Monitoring of the existing portfolio to identify future opportunities such as refinancing and cross sell activity,
Adoption of new transactions arranged by the ING Origination Teams.
- Management of non-financial risks related to the client base, e.g KYC.
In addition, this role will have the opportunity to a) provide support where necessary in the event of transaction underperformance requiring restructuring activity to be undertaken; b) support new business activity undertaken by the Portfolio Team by way of dividend recaps / refinancings and c) provide support as necessary for a range of projects, presentations and requests related to inter alia, regulatory and non-regulatory reporting, rating model activity, improvements to internal processes.
Candidate Profile
Qualification/Education
Desirable: French language, CFA
Experience/Knowledge
Essential:
Strong analytical ability with an aptitude for Excel (financial modelling) systems and PowerPoint.
Desirable:
Being currently employed in a similar role within the structured acquisition or similar environment or within a risk management or corporate clients role with knowledge of the assessment of cash flow based lending transactions and relationship experience.
Language skills, whilst not essential, would be welcomed, in particular French.
Personal Competencies
Essential:
Ability to communicate clearly and effectively with senior management, other lenders, and clients on both a written and oral basis is necessary.
Self-motivation and an ability to work independently, under pressure and to tight deadlines
A strong team ethic, good organisational skills, and the ability to multi-task.
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