Description
Firm Overview
Originally founded in 2016, Eclipse Business Capital, LLC is one of the country’s leading independent asset-based lending platforms targeting both privately owned and publicly traded companies across a wide range of industries. On August 5, 2021, announced a recapitalization and a significantly expanded its capital base primarily provided by Barings LLC, (“Barings”), one of the world’s leading financial services firms, deployed funds managed by Barings including Barings BDC, Inc. (NYSE: BBDC).
The firm continues to provide revolving lines of credit and term loans ranging in size from $10 – $475 million that are secured by collateral such as accounts receivable, inventory, equipment, or real estate. Deal situations include turnarounds and restructurings, bankruptcy reorganizations (debtor-in-possession financings), leveraged buyouts, recapitalizations, highly seasonal and high growth situations. It is a generalist lender financing manufacturers, distributors, and service providers. Additionally, it has sector vertical expertise in areas such as retail finance and bankruptcy debtor-in-possession/DIP financings. Since it was established, EBC has underwritten and funded more than transactions totaling almost $5.7 billion in aggregate credit facilities. EBC has an experienced team of over 35 professionals, located in Chicago, New York, Los Angeles, San Francisco, Houston, and Miami.
Position Overview
The firm is adding to its headquarters team a Senior Credit Analyst. This role offers excellent opportunities along with increasing levels of responsibility given the growth of the firm, being in the headquarters location, and having a credit box and credit profile target that correlates to the emerging recessionary macroeconomic environment. Another attractive factor is working for a non-bank that doesn’t have the regulatory and compliance constraints of bank owned ABL groups. That translates into more creative and flexible transaction structuring capabilities and not having as much time consumed with non-valued added compliance work.
Responsibilities
Involved in all aspects of account relationship management and monitoring of borrower credit risk profiles, performances, and trends. This includes credit / financial analysis, financial modeling, and collateral analysis.
- Work with portfolio managers and senior credit officers in managing syndicated and sole lender asset-based credit facilities ranging from $10 million to $475 million.
- Credit / Financial Analysis and Modeling: Evaluate and validate historical trends; do a deep dive into drivers and factors impacting cash flow and compare/contrast to client forecasts; analyze and summarize monthly financial highlights and red flags; participate in monthly portfolio reviews; keep abreast of industry trends for each borrower.
- Work with portfolio managers and senior credit officers to prepare and complete internal credit committee memos and approval documents as needed.
- Collateral Financial Modeling and Analysis: Trend analysis and forecasting; daily or weekly collateral analysis to analyze unusual activity / anomalies; coordinate, review and evaluate field exams appraisals on an ongoing basis.
- Participate in client calls, negotiations and meetings, and direct ongoing interactions with customers, their advisors and private equity sponsors.
- Work with portfolio managers and senior credit officers in monitoring troubled credits within the portfolio that decline from credit risk deterioration to in- and out-of-court bankruptcies and loan workouts.
- Assist in the underwriting of transactions related to accounts in the portfolio, typically related to bolt-on acquisitions, account refinancings, dividend and other recapitalizations, troubled account restructures, and other financing transactions as needed.
Requirements
Requirements
- 7-10 years’ experience in credit, financial due diligence and analysis, credit research and analysis.
- Seeking a professional from one of the following backgrounds: 1) formally credit trained in a bank, debt fund or finance company, 2) financial due diligence, transaction advisory or lender services experience in a Big 4, major accounting firm or consulting firm, 3) ABL field examination experience, or 4) selected other finance or accounting backgrounds with sufficient transferable skills.
- Experienced in, and capable of, extensive and detailed financial modeling.
- Excellent analytical skills.
- Well versed in Excel and Word.
- An undergraduate degree in Accounting or Finance is preferred.
If you are interested in this opportunity, please submit your resume to jgurgone@eclipsebuscap.com
