Credit Associate - Food & Beverage

About the role

The Credit Associate supports credit analysis and portfolio management activities for the national Food & Beverage ("F&B") platform across sponsor and strategic channels. This role involves assisting with credit data analysis, underwriting, and portfolio review activities including facilitating credit risk recommendations.

Responsibilities

• Support due diligence efforts as Agent or Participant for Borrowers across the F&B value chain (i.e. manufacturers, processors, distributors, grocers, etc.)
• Perform monthly/quarterly and annual reviews covering financial performance, risk ratings, capacity to repay, covenants, etc.
• Evaluate credit requests to assess creditworthiness and prepare corresponding approval memorandums, as applicable.

Requirements

• Bachelor's Degree or equivalent in Finance, Business, or related field
• Minimum 2 years of progressively increasing credit underwriting and portfolio management experience in relevant industry/industries
• Intermediate experience (i.e., ideally 3+ years underwriting) in credit management and lending operations, with a strong understanding of risk management principles
• Demonstrates a strong desire to learn advanced underwriting and portfolio management skills, actively seeking opportunities for professional growth and development, eventually leading to ownership of a portfolio of credits
• Maintains high standards of credit quality and origination in alignment with Bank’s credit risk appetite, and compliance with institutional and regulatory requirements
• Effective risk management practices, with the ability to interpret complex data and make informed decisions

Qualifications

• Intermediate experience (i.e., ideally 3+ years underwriting) in credit management and lending operations, with a strong understanding of risk management principles
• Demonstrates a strong desire to learn advanced underwriting and portfolio management skills, actively seeking opportunities for professional growth and development, eventually leading to ownership of a portfolio of credits
• Maintains high standards of credit quality and origination in alignment with Bank’s credit risk appetite, and compliance with institutional and regulatory requirements
• Effective risk management practices, with the ability to interpret complex data and make informed decisions

Skills

• Historical and projected financial statement analysis
• Dynamic 3-statement financial modeling
• Credit memorandum preparation

Benefits

Compensation: Starting base salary: $34.55 - $55.19 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks: Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date. Generous 401(k) company matching contribution. Career Development through Tuition Reimbursement and other internal upskilling and training resources. Valued Time Away benefits including vacation, sick and volunteer time. Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs. Career Mobility support from a dedicated recruitment team. Colleague Resource Groups to support networking and community engagement. Get a more detailed look at our Benefits and Perks.

About Us

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

Inclusion and Equal Opportunity Employment

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.