Credit Officer I (Underwriting And Portfolio Management) - Entertainment Banking/Beverly Hills

City National Corporation Beverly Hills , CA 90209

Posted 2 months ago

The Entertainment Banking -- Credit Officer I ("CO I"), in collaboration with senior colleagues, is responsible for structuring, underwriting, closing, and managing middle market cash flow / leveraged loans for film, music, and sports as well as other sectors of the entertainment industry. The CO I is expected to use his or her technical skills and problem solving to develop creative solutions to structure complex transactions based on detailed analysis of prospective or existing borrowers' ability to repay. Additionally, the CO I is expected to proactively identify, escalate and monitor risks as well as make prudent decisions consistent with Entertainment Banking's lending philosophy and appetite. Solutions and analysis are expected to be thorough and include financial statement and cash flow analysis, interpretation and application of industry and economic trends, detailed collateral diligence, enterprise valuation analysis, and adherence to policies and procedures including leveraged lending guidelines. Average loan size is expected to range from $15-125 million.

In addition to above, responsibilities include:

  • Developing strong working relationships with internal and external clients to increase understanding of the client's financial performance and business objectives to facilitate underwriting, portfolio, and problem loan management, including through occasional travel to meet the client.

  • Proactive management of portfolio risk to minimize losses including timely and accurate risk grading of accounts, problem loan identification, reporting, and presenting to senior management.

  • Maintaining current knowledge of all relevant policies and regulations, ensuring applicable policies and procedures are adhered to and appropriately documented, and preparing for periodic exams by internal and external auditors.

  • Supporting loan documentation including working with loan servicing and outside counsel to ensure credit terms are documented accurately, legal and regulatory issues are addressed, and agreements are consistent with City National's standards.

  • Mentoring less experienced colleagues in financial statement analysis, business writing, cash flow modeling and enterprise valuation.

Job Skills and Knowledge

  • College degree in Business Administration or related field preferred;

  • Ability to communicate effectively in both verbal/written forms;

  • Strong organizational skills;

  • Ability to work well independently and in teams as well as interact effectively with both internal and external interests.

Basic Qualifications

  • *Bachelor's degree;
  • *Minimum 3 years of experience in underwriting middle market cash flow/leveraged loans;
  • *Minimum 3 years of experience in a banking or financial services environment required.

Additional Requirements

  • Strong understanding of leveraged lending guidelines, policies and procedures;

  • Experience in structuring, underwriting, and managing middle-market loans including club and widely-syndicated transactions;

  • Strong credit analysis, financial modeling, and accounting, including expertise in Excel;

  • Entertainment and entertainment-related industries experience;

  • Middle-market loan documentation experience;

  • To be considered for this position you must meet at least these basic qualifications

The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.

ABOUT CITY NATIONAL

We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.

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Equal Opportunity Empl


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Credit Officer I (Underwriting And Portfolio Management) - Entertainment Banking/Beverly Hills

City National Corporation