Lending Transaction Management | Infrastructure Finance | Associate| NYC
Infrastructure Finance , Associate, NYC
About ING:
Ranked #8 on LinkedIn Top Companies in Financial Services
Crain’s 100 Best Places to Work
Ragan’s Top Places to Work in 2023
In Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients.
When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.
We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered. ING Americas follows a hybrid work model, allowing for in-office / work from home flexibility. Hybrid work arrangements vary based on business area.
Sound like the kind of place you’d feel at home? We’d love to hear from you.
About the position:
This is a junior lending professional role within the front office. As a key member of the Transaction Management team, you will support and work closely with senior bankers. The work will be fast-paced and multifaceted. On the team, you will be an Infrastructure Specialist, but you will also be exposed to, and expected to work with, several of the other sectors in which ING specializes.
Responsibilities :
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The Transaction Management Team will be involved with every new lending transaction and will take primary responsibility for many of the key processes, which include:
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Preparing credit approval packages including annexes and all requisite attachments;
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Preparing financial models with sensitivity analysis and validation of key assumptions;
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Running internal models including risk ratings and loan pricing, and interfacing with risk management to establish the appropriate internal risk rating. Upload financials into ING’s internal systems;
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Interfacing with loan operations, treasury and the lending center of excellence units to verify limit availability and compliance with internal policies;
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Reviewing legal documentation and validating key terms & conditions;
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Responsibility for deal closing including final CPs and obtaining the final loan documents.
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The Transaction Management Team will work closely with the client relationship managers and/or the Deal Principles on originating deals and deal structuring including:
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Preparation of marketing materials and lending analytics for clients in the Americas region;
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Due diligence and analytics;
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Term sheet negotiations and forming a club or syndicate;
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Writing Greenlight memos, presentation and discussion with Risk Management;
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Analysis of different transaction structures and providing recommendations;
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Preparing business comparables and analysis of debt structures, performance metrics and debt pricing;
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Attending meetings and calls with customers including transaction-related due diligence
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Ensure a consistent level of quality and policy compliance through training and development activities;
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Staying current on organizational operating policies and procedures (i.e. Risk, Legal, etc.) to ensure appropriate protocols are implemented and followed, and facilitate accordingly;
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Working with and mentor Analysts by supporting them in their personal and professional development as lending professionals
Qualifications and Competencies
Qualifications / Education:
BA/BS in finance/economics/accounting/management/engineering (or similar); CFA a plus
Experience / Knowledge:
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2-5 years of relevant infrastructure lending experience or infrastructure-related field experience
Competencies:
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Previous experience, and an innate interest, in Infrastructure Finance or Infrastructure development (transport, water, PPP, district utilities)
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Knowledge of, or high degree of interest in, any of the following industries: TMT, Real Estate, Trade & Commodity Finance, Investment Industry Finance, Financial Institutions, Export Finance, Food & Agriculture, Renewables & Power and Mid and Downstream Oil and Gas
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Exposure in corporate and project finance loan origination and execution;
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Understanding of credit skills and understanding of debt capital markets;
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Committed and dedicated individual who will continuously improve the way the team works;
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Collaborative and able to work effectively across functions and regions;
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Strong presentation and communication skills;
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Ability to thrive in a fast-paced environment with multiple competing priorities;
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Self-motivated and willing to work in a deal oriented and deadline driven environment;
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Strong work ethic, positive attitude, and professional demeanor.
Salary Range $120,000 -$155,000
ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to color, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.
ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.