Analyst / Associate - Direct Lending, Underwriting

Department Overview

The Middle Market Lending Team provides senior, one-stop and second lien loans to U.S. middle market companies. The team structures financing solutions with hold positions of up to $700 million. We also underwrite and syndicate senior credit facilities and a proprietary suite of GOLD (unitranche) facilities up to $2 billion. The Middle Market Lending Team has specialty teams in four verticals: Consumer, Restaurant and Retail, Diversified Industries, Healthcare and Software & Technology services. The team has an outstanding track record of closing deals on time and at the agreed-upon terms, utilizing deep industry knowledge to identify, advise on and implement value creation strategies. Key responsibilities include origination and underwriting of loans. The team works closely with all areas of the Firm to ensure seamless execution.

Position Responsibilities

The individual will work with junior and senior underwriters of the Firm in reviewing new investment opportunities and monitoring existing investments as outlined below.

New Deals (>85% of time on an annual basis):

• Preparing investment and downside case financial models
• Assisting the Underwriting Team in assessing new investment opportunities for the Firm
• Performing independent research on company and industry (internet, analyst reports, public comps)
• Preparing company, industry and financial charts and analysis
• Assisting in the coordination of deal closings
• Assisting in the preparation of investment memoranda for presentation to the Investment Committee including:

Portfolio Management (<15% of time on an annual basis):

• Written credit analysis of historical and projected financial performance
• Reviewing internal monitoring templates to ensure accuracy of investment detail
• Other duties as assigned
• Assisting in the management of accounts by monitoring industry events and through company press releases and monthly / quarterly financials, industry and company research reports
• Assisting in processing amendment / waiver requests, as necessary
• Assisting in the preparation of portfolio reviews for existing investments including:
• Preparing historical and projected covenant models

Candidate Requirements

Qualifications & Experience:

• 1 to 3 years of experience in a finance function, preferably in a leveraged credit, investment banking or commercial banking environment
• Bachelor’s Degree, preferably with a major in Finance, Accounting, Economics or related financial subject area with an outstanding record of academic achievement
• Strong analytical, financial modeling and research skills
• Proficient in Excel, Word, PowerPoint and other software

Critical Competencies for Success:

Our Gold Standards define key behaviors and competencies across 4 dimensions: Leadership, Achieving Results, Personal Effectiveness and Thinking Critically. These behaviors and competencies drive our ability to win together.

• Leadership: Role models in this area consistently focus on the right goals and priorities and continually develop themselves and others. Always team players, they influence and engage with others to contribute to a supportive and inclusive culture where all feel welcome.
• Thinking Critically: Role models in this area understand our business, rely on analytical reasoning and seek diverse perspectives to solve problems. They are forward thinking, anticipating issues and addressing them in advance.
• Personal Effectiveness: Role models in this area build strong relationships, treat others with respect and communicate effectively. They are driven to exceed expectations and are adaptable to changing circumstances.
• Achieving Results: Role models in this area are high achievers who develop careful plans and deliver consistently and effectively. They hold themselves and others accountable for delivering high quality results, and they remove barriers to ensure others can contribute and grow.

The department-specific competencies define the knowledge, skills and abilities that are needed to successfully perform the functional or technical work of this role.

• Portfolio Management: Actively monitors portfolio companies to identify risks and opportunities that may impact overall performance.
• Relationship Management: Establishes, develops and manages internal and external relationships.
• Competitive Positioning: Demonstrates knowledge of the Firm's capabilities, the Firm’s position in the industry, competitors’ capabilities and end markets. Recognizes implications of knowledge on Firm’s positioning.
• Deal Execution: Evaluates, structures and executes investment opportunities and transactions.
• Financial Analysis: Uses financial analyses to generate insights and support fact-based decision making.
• Risk Management: Demonstrates credit acumen by leveraging tools and analyses and interpreting due diligence findings to guide decisions while balancing risks and rewards.
• Legal Documentation: Demonstrates knowledge of legal documentation, processes and procedures.

Compensation & Benefits

For New York City Only: It is expected that the base salary range for this position will be $140,000 to $185,000. Actual salaries may vary based on factors such as skills, experiences and qualifications for the role. The total compensation package for this position may also include other elements and discretionary awards in addition to a full range of medical, financial and / or other benefits (including 401(k) eligibility and various paid time off benefits such as vacation, sick time and parental leave) dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, the employee will be in an ‘at-will position’ and the Firm reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time including for reasons related to individual performance, Firm or individual department / team performance and market factors.

Golub Capital is an Equal Opportunity Employer.