What are the responsibilities and job description for the Credit Underwriting Associate for Private Credit Fund position at B.E. Blank & Company?
ABOUT THE POSITION
B.E. Blank & Company (“the Firm”) is seeking a high caliber finance professional to fill a key private commercial credit underwriting role within our investment team. The ideal candidate will have at least two years of experience at a commercial lender, another investment fund, or an investment banking firm. The Credit Underwriting Associate will collaborate directly with the Deputy Chief Investment Officer and other Principals to inform decision-making in all aspects of the Firm’s underwriting and investment processes.
A successful Credit Underwriting Associate will utilize independent research, industry knowledge, and financial analyses to assess the credit worthiness of potential borrowers. (S)he will track and proactively execute a high volume of credit files at any one time. The Credit Underwriting Associate must be able to summarize and present his/her findings in clear, concise memoranda to the Firm’s Investment Committee.
The ideal candidate is a hands-on, self-starting team player who thrives in an entrepreneurial culture. (S)he is proactive, detail oriented, collaborative, organized, can manage multiple priorities, and wants to be part of a growing investment firm capable of delivering exceptional outcomes.
ABOUT OUR FIRM
B.E. Blank & Company is a West Palm Beach-based investment manager founded in 2017. We are the capital partner of choice for values-aligned law firms that utilize our investments to broaden access to justice and drive positive behavioral changes amongst society’s most powerful actors. We believe that conscious capitalism is a force multiplier that can inspire law firms to operate above the profession’s high ethical standards and help create a world where attorneys utilize their talents as accelerating forces for societal advancement.
The Firm is the investment manager to multiple funds that are designed to provide investors with non-correlated, favorable risk-adjusted returns with limited volatility by providing working capital as a direct lender to stakeholder-centric law firms that are mission-oriented and values-aligned.
KEY RESPONSIBILITIES
- Underwrite commercial loans by reviewing and analyzing financial data, borrower performance and character, and operational capabilities to assess credit worthiness
- Estimate the degree of risk involved in extending private commercial credit to law firms
- Perform cash flow analyses to project a law firm’s ability to service its credit facility
- Analyze potential modifications to existing loans
- Create weekly pipeline reports and investment committee memoranda
- Present investment opportunities to the Firm’s Investment Committee
- Liaise with the Firm’s sourcing, legal and loan servicing areas as relevant to credit underwriting functions
- Assist with other initiatives as requested, including the creation of tools/templates, marketing materials, press releases, recruiting, and other internal processes
The candidate will also perform critical responsibilities that may be unique to B.E. Blank & Company, which include serving as a culture and brand ambassador in all interactions with our stakeholders, and demonstrating and promoting the Firm’s core values:
- The highest levels of ethics and integrity are key to our success
- Never stop learning
- Strive toward personal growth and advancement
- Live a balanced life and create joy for oneself and others
- Enjoy the journey
- Give back to the community
EDUCATION, EXPERIENCE, SKILLS, AND MINDSET
- At least a bachelor’s degree from a top-tier undergraduate institution in accounting, finance, or related fields, with exceptional academic credentials
- At least two years of experience in credit/financial analysis at a commercial lender, another investment fund, or an investment bank
- Strong organizational, multi-tasking and prioritization skills are essential given the high-volume, project-to-project nature of the position
- Effective written and verbal communication skills, as well as an uncompromising attention to detail, is required
- Demonstrated proficiency with Microsoft Excel is required
- Public service experience, including service with the armed forces, in government, or in the non-profit sector is a plus
