Credit Analyst II -Corporate Banking- Food & Beverage

CREDIT ANALYST II, CORPORATE BANKING- FOOD & BEVERAGE

WHAT IS THE OPPORTUNITY?

This is a junior position in City National Bank's Food & Beverage Group ("F&B") within the National Corporate Banking division. F&B originates, closes and monitors direct and private-equity-backed transactions nationally by providing cash flow, asset-backed, and asset-based loans >$25.0 million to support companies that operate in the food and beverage sector. This role is within F&B's Credit function, whose primary mandate is to underwrite new transactions and manage existing exposure. At this level, employees are developing credit analysis skills, acquiring fundamental principles of corporate finance, learning bank policies and practices, and becoming familiar with relevant banking laws and regulations.

What you will do

• New Transactions:
  • Support due diligence efforts, including analyzing confidential information memoranda, lender presentations, complex raw data and financial statements provided by private equity firms, investment banks and/or prospective borrowers.
  • Run dynamic 3-statement financial models with 2-3 sensitization cases and detailed, supporting assumptions.
  • Facilitate the preparation of approval documents, including specific qualitative and quantitative content around the company, industry and transaction.
  • Spread historical financial statements and analyze and explain the pertinent trends/drivers.
  • Liaise with Loan Administration to satisfy pertinent compliance-related requirements pertaining to entities, owners and/or management.
  • Gain exposure to external constituents (e.g. legal counsel, appraisers, field examiners, accounting firms, etc.) as well as all aspects of the new deal process (e.g. indicative term sheet, proposal letter, due diligence, lender meetings, commitment letter, credit agreement, loan closing, etc.)

• Portfolio Accounts:
  • Prepare approval documents for amendments, consents, and waivers, including clearly articulating the background, request, and rationale. Shadow legal documentation.
  • Spread historical financial statements, reconcile compliance certificates, and identify abnormalities for follow-up.
  • Prepare quarterly trend cards and annual reviews, each focused on exposure levels, risk ratings, financial trends, and post-close modifications for each portfolio account.
  • Satisfy ongoing Comprehensive Capital Analysis and Review deliverables for each portfolio account.
  • Communicate with the Agent, private equity firms and/or management from time-to-time as portfolio-related deliverables dictate.

Must-Have*

• Bachelor's Degree or equivalent
• Minimum 3 years of credit or financial analysis experience required
• Minimum 3 years of experience in a banking or financial services environment required

Skills and Knowledge

• Good verbal and written communication skills to present clear and precise recommendations based upon analysis for action on loans
• Strong analytical, organizational, interpersonal and communication skills
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)
• Working knowledge of accounting and financial statement analysis
• Basic knowledge of banking policies and procedures
• Internship in credit and/or financial analysis preferred
• Requires a working knowledge of appropriate banking laws, regulations and bank policies and practices.
• Remedial course work through CNB Credit Boot Camp required.

Compensation

Starting base salary: $31.39 - $50.14 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'

ABOUT CITY NATIONAL

We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.