Location: New York,NY, USA
Your role
The Private Equity Lending group provides subscription credit facilities to private equity funds as well as partner credit lines to employees of the sponsor.
Primary responsibilities for this role include seeking credit approval for the booking of subscription credit facilities as well as managing them throughout their life. To this end, the candidate must have strong credit underwriting skills and be able to effectively interact with multiple stakeholders across the approval process including financial advisors, wealth management bankers, transaction managers, risk officers, operations officers, legal counsel, etc.
The role's primary responsibilities include:
* collaborating with financials advisors, wealth management bankers, and investment banking professionals on prospect client opportunities as well as existing client needs
* assisting transaction managers with the drafting of term sheets and greenlight memos
* reviewing general partner, investment manager, and fund level formation documents for ownership structure, suitability, and appropriateness
* evaluating the fund's limited partners for collateral value eligibility
* completing obligor risk rating scorecards and credit line return models based on key sponsor, fund, and facility level metrics
* scrutinizing and negotiating key legal documentation including credit agreements, security agreements, ISDAs, letters of credit, etc.
* ensuring all lender regulatory requirements prior to and during the life of the credit facility are met
* drafting and submitting credit memos that identify and address all key risks of the credit extension to support the booking of new credit lines and increases to existing credit lines
* interacting and liaising with various stakeholders for transaction approval including senior management, regional market heads, internal and external legal counsel, compliance teams, risk committees, etc.
* orchestrating the orderly and timely closing of credit lines across all stakeholders and support teams.
* reviewing the fund's financial statements and tracking investment performance on a periodic basis
* assessing covenant compliance and conformity to all terms and conditions of the extension of credit throughout its life
* monitoring concentration risks across sponsors, limited partners, fund investments, etc.
* efficiently leveraging the support of analysts and junior account managers on the team as well as providing training for their growth & development
* providing periodic and ad-hoc financial metric aggregation for portfolio level tracking
* assisting in the preparation of reports and presentations for senior management
* supporting business & risk heads with key initiatives
Detailed salary information:
* New York: the salary range for this role is $100000 to $130000
The expected salary range(s) for this role as of the date of this posting is/are based on factors including, but not limited to, experience, qualifications, education, location and skill level. This role may also be eligible for discretionary incentive compensation. For benefits information, please visit ubs.com/usbenefits.
Join us
At UBS, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.
From gaining new experiences in different roles to acquiring fresh knowledge and skills, we know that great work is never done alone. We know that it's our people, with their unique backgrounds, skills, experience levels and interests, who drive our ongoing success. Together we're more than ourselves. Ready to be part of #teamUBS and make an impact?
Your expertise
You have:
* a B.A / B.S college degree
* a solid understanding of private equity fund structures and operations
* 7-10 years of credit underwriting experience with subscription credit facilities
* significant experience with interpreting legal and compliance related documents
* demonstrated good credit judgment and sound decision-making skills
* experience working with relationship management teams & high-net-worth client bases
* strong ability to organize, analyze, and prioritize multiple tasks, projects, and workstreams
* strong proficiency in MS Word, MS Excel, & MS PowerPoint
About us
UBS is the world's largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors..
We have a presence in all major financial centers in more than 50 countries.