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28/05 Ketki Sane
Consultant at OakNorth Global Private Limited

Views:3666 Applications:389 Rec. Actions:Recruiter Actions:125

OakNorth Bank - Senior Associate/AVP/VP - Credit Analysis (5-15 yrs)

Gurgaon/Gurugram Job Code: 576993

ABOUT OAKNORTH

Launched in September 2015, OakNorth is a UK bank that provides fast, flexible and accessible debt finance (from - 500k to - 30m) to fast-growth businesses and established property developers / investors.

Since its launch, the bank has:

- Turned cash flow positive in month 11 (August 2016) and made - 10.6m pre-tax profit in 2017, with all its accrued debts repaid;

- Grown its loan book to over - 1.2bn, directly helping with the creation of 5,100 new homes and 4,000 new jobs in the UK;

- Secured - 364m in investment from a number of investors, including: GIC, Toscafund, Indiabulls, Coltrane, The Clermont Group, and Indiabulls, valuing the company at almost $1.3bn;

- Raised deposits from c.15,000 savers;

- Won numerous awards and been recognised as one of the UK's fastest-growing businesses being listed on both the Leap 100 (2017) and Tech City UK's Future Fifty (2018)

The bank was founded by Rishi Khosla and Joel Perlman, themselves entrepreneurs who were inspired to launch OakNorth following the challenges they faced in securing debt finance from high street banks for their previous business, Copal Amba (which scaled to c.3,000 employees and was acquired by Moody's Corporation in 2014).

It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Visit www.oaknorth.com for more information.

JOB RESPONSIBILITIES:

- Conducting detailed analysis of loan opportunities across various sectors in different geographies by integrating machine learning and data analytics with traditional financial analysis techniques

- Developing detailed credit model comprising deal details, financial statement analysis, projections, credit metrics, amongst others

- Conducting sensitivity and scenario analysis on projections - for stress testing on loans for serviceability

- Identifying deal specific covenants which can act as early warning signals while monitoring loans

- Periodic tracking of loan portfolio

- Drafting credit reports with key takeaways on opportunity; report is in concise, easy to read format for credit committee to review and comment

- Improving on product pricing models used to ascertain the pricing of all loan deals

- Helping business development managers with opportunity prospecting

- Creating industry dashboards to act as reference point for loans to particular sector / sub-sector

- Detailed industry/market studies to understand operating environment of borrower

DESIRED SKILLS

- Financial / credit modelling

- Diligence on company / sectors

- Credit paper writing and credit reviews

- Covenant analysis and setting

- Review and analysis of customer assumptions / budgets / forecasts

- Benchmarking companies against its peers in the industry

- Scenario analysis and stress testing of assumptions

KEY ATTRIBUTES

- Personal drive (proactive), flexible, creative (thinks out of the box), result driven, responsible, curious, team player and fast learner

- Hands on attitude, willing/capable to understand the big picture.

- Ability to succeed in a culture where change and speed are part of daily work.

ACADEMIC QUALIFICATION

MBA/PGDM/CA/CFA from a reputed/Tier 1 institute with 5 -10 yrs experience in credit/financial analysis and report writing.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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