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Job Snapshot
-
Employee Type:
Full-Time -
Location:
New York, NY -
Experience:
Not Specified -
Date Posted:
11/26/2024
Job Description
Job Summary
Job Summary
The Tailored Lending team leads the firms efforts in creating customized lending solutions for high-net worth (HNW) and ultra-high net worth (UHNW) clients to meet liquidity needs without disrupting long-term financial plans. Under the supervision of senior members of the Tailored Lending team, the Senior Loan Analyst will have intermediate knowledge and skills obtained through formal education and/or work-related experience to assist in the end-to-end servicing of Tailored Lending applications. This involves a wide array of responsibilities including financial analysis/modeling, underwriting, structuring, client due diligence, portfolio management, and KYC/CIP responsibilities, among others. The Senior Loan Analyst will take an active role in the credit approval process, collaborating with internal partners and firm clients to originate new loans, modify existing loans, and perform annual reviews on the portfolio, all while maintaining a high level of client service. The Senior Loan Analyst will analyze complex, high value situations, or problems to which there are several alternative approaches, and work in tandem with senior members of the team to ensure the most appropriate solution is delivered. The ideal candidate will work with a high level of autonomy and is, along with more senior members of the team, accountable for ensuring the quality and reliability of work performed.
Essential Duties and Responsibilities
Essential Duties and Responsibilities
%26middot; Assists in the underwriting process for Tailored Lending transactions, primarily by analyzing client financial statements, determining loan profitability, modeling estimated loan loss reserves, drafting credit memos, and offering input to Senior Loan Officers on loan structure. Also assists in the underwriting of affiliate transactions including margin loans and other fixed income transactions.
%26middot; Analyzes tax returns, financial statements and produces a thorough analysis of these documents and any other financial disclosures provided by clients.
%26middot; Reviews and produces a thorough analysis of proposed collateral for acceptance in connection with Tailored Lending transactions.
%26middot; Establishes strong relationships and gains the trust of Financial Advisors, Banking Consultants, and high-net-worth clients of the firm.
%26middot; Educates Financial Advisors and clients alike on various Tailored Lending transaction types and all related documentation requirements.
%26middot; Runs negative news screenings on clients/prospects, reviews results, and assists in determining significance.
%26middot; Pulls credit reports and other AML related documentation required while evaluating Tailored Lending transactions.
%26middot; Assists in the collection and tracking of financial statements, covenant reporting, and other documentation related items.
%26middot; Performs annual reviews on transactions with supervision from Senior Loan Officers
%26middot; Ensures compliance with Raymond James Bank, state, and federal guidelines.
%26middot; Maintains knowledge of Raymond James Bank loan policies, including Tailored Lending, Securities Based Lending and all other relevant policies and procedures.
%26middot; Interacts professionally with associates and Financial Advisors to provide professional client service upholding the Service 1st philosophy.
%26middot; Interacts with both internal and outside counsel to document client credit facilities, under the direction of the Head of Tailored Lending and/or Senior Loan Officers.
%26middot; Performs other duties and responsibilities as assigned.
Job Requirements
Knowledge, Skills, and Abilities
Knowledge of
%26middot Underwriting policies, financial analysis, creation of Credit Approval Memoranda, covenant monitoring and other loan portfolio management responsibilities.
%26middot High level understanding of self-employed income analysis, including review of cash flows derived from pass-through entities.
%26middot Analysis of securities as collateral, including analyses of trading volume, bond ratings, pricing, and other factors.
%26middot Understanding unique borrowing structures, such as Revocable and Irrevocable Trusts, Personal Holding Companies, and Corporate Entities
%26middot Commercial credit experience a plus.
%26middot Principles, practices, concepts and procedures of underwriting, banking, and financial markets, and products.
Skill in
%26middot Data analysis.
%26middot Critical thinking, problem solving and creativity.
%26middot Providing a high level of service in the spirit of Raymond James%26rsquo Service 1st commitment.
%26middot Organizational skills including a high level of accuracy and attention to detail.
%26middot Effective oral and written communications to convey details on various Tailored Lending products and processes.
%26middot Operating standard office equipment and using required software applications.
Ability to
%26middot Research and analyze financial statements, perform complex tax return analysis, interpret findings, and prepare reports of financial position and credit worthiness.
%26middot Build strong and productive relationships with Financial Advisors, Banking Consultants, and other internal partners.
%26middot Demonstrate positive initiative, and poise working in a fast-paced environment.
%26middot Partner with other functional areas to accomplish objectives.
%26middot Work independently as well as collaboratively within a team environment.
%26middot Clear communication regarding credit decisions and other relevant information.
%26middot Organize, manage, and track multiple detailed tasks and assignments with frequently changing priorities and deadlines.
%26middot Present effectively and informatively.
%26middot Maintain a high level of integrity and confidentiality.
%26middot Conduct transactions for high profile and high net worth clients.
Educational/Previous Experience Requirements
Education/Previous Experience
%26middot Bachelor%26rsquos degree in finance, accounting or business administration and a minimum of three (3) years of high net worth, commercial, or other consumer underwriting experience, with two (2) of those years working with high-net-worth clients preferred.
OR ~
%26middot An equivalent combination of education, training or experience as approved by Human Resources.
Licenses/Certifications
Licenses/Certifications
%26middot Completion of formal credit training preferred.
Travel
Travel Required
%26middotNo
Disclaimer
Disclaimer
%26middotRaymond James Bank is an EOE/AA and VEVRAA Federal Contractor
%26middotPriority will be given to protected veterans
%26middotEOE/AA: Female/Minorities/Disabled/Protected Veterans/LGBT
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
Grow professionally and inspire others to do the same
Work with and through others to achieve desired outcomes
Make prompt, pragmatic choices and act with the client in mind
Take ownership and hold themselves and others accountable for delivering results that matter
Contribute to the continuous evolution of the firm
