Senior Associate, Debt Finance (Real Estate)
Join OakNorth and help reshape the future of business lending in the US!
At OakNorth, we're on the hunt for exceptional talent to join our growing US team and help scale our lending business across the country. Since our launch in 2015, we've lent more than $18 billion to ambitious entrepreneurs in the UK and over $1.5 billion in the US since summer 2023. Our lending has helped create 36,000 new jobs and 58,000 new homes and we're only just getting started.
If you're ready to make an impact, challenge the status quo, and be part of a mission-driven team transforming commercial banking, we'd love to hear from you.
As a Senior Associate in Debt Finance, you'll play a key role in supporting Directors throughout the entire transaction lifecycle from origination to execution ensuring every deal is successfully delivered and expertly managed.
What You Will Do :
- Work as part of a team on the execution of the deals
- Support the Debt Finance Team to maintain the CRM including new leads through to closed deals
- Assist in the preparation of deal specific credit memoranda for transaction recommendations to credit committees and other relevant lines of approval; go to external meetings (with senior bankers) and contribute to the discussions
- Assist in building complex dynamic financial models to analyse investment opportunities (reviewing debt structures, relevant debt underwriting parameters and specific assets using financial models and a variety of quantitative analytical tools to test assumptions and sensitivities)
- Undertake fundamental research analysis using a variety of data sources; undertake company and transaction specific analysis and valuations
- Participate in third party meetings where you could potentially contribute to drive the business forward - analysing proposed budgets, capital plans and other investment recommendations
- Work across a multi-disciplinary team to support on closing the funding of deals, including Credit and Transaction Execution
What We Are Looking For :
A degree with specialisation in Finance, Accountancy, Economics or equivalent from a top recognised universityMinimum 5+ years or equivalent of experience working with teams to support active front-office deal origination, execution and completion experienceDetermined attitude to liaise and work with multiple external teams to complete transactionsDrive to achieve a common goal (lend money, help businesses, and earn interest / fees!)Clear thinker with research and analytical abilities; capacity to learn quicklyStrong interpersonal and communication skills (written as well as verbal)Resourceful problem solver with a focus on delivery (ability to multitask is also crucial)Ability to thrive in an unstructured environment where you can create your own opportunities150,000 - 200,000 a year
Benefits & Perks :
401k plan with Principal (ON match up to 4%)Medical Care (managed through Insperity) - employees can add their family to their plan if neededDental & Vision bundleInsperity Health Savings Account Program - this is a tax-advantaged employee benefit which can help manage health care costs by allowing employees to set aside some of their current earnings on a pretax basis for reimbursement of qualified health care expenses during the plan yearEAP20 days HolidayWe may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.