The role involves credit-worthiness analysis, drafting credit reports, and interactions with stakeholders to manage loan performance and risks.
At OakNorth, we’re on a mission to empower the UK’s most ambitious businesses. Since 2015, we’ve lent over $18 billion across the UK and US, helped create more than 58,000 new homes and 36,000 new jobs, and supported hundreds of thousands of personal savers — all while fuelling the UK economy.
Team Mission 🚀
Short description of role – The incoming candidate will be a part of one of the Bank’s Credit (lending) teams and will be expected to have strong understanding of financial statements including important lending and credit risk metrices.
Job Responsibilities:
Credit-worthiness analysis of borrowers, including financial analysis, industry and sector research, to ensure Bank’s lending remains within acceptable Risk metrics.
Drafting detailed credit reports with key takeaways on the purpose; report has to be concise, easy to read for credit risk to review and comment
Identifying, setting and monitoring deal specific covenants which can act as early warning signals during the life of the loan
Developing and maintaining detailed financial model (in Excel) comprising transaction details, financial statement analysis, projections, ratio & variance analysis, key performance indicators, credit metrics, amongst others
Conducting sensitivity analysis – for stress testing on loans for serviceability
Regular interaction with key stakeholders and clients to discuss for eg. borrower requirements and performance, data gaps, inconsistencies, analytical frameworks, loan servicing etc.
The role follows regular business hours and the candidate is expected to work in normal shift timings.
Desired qualities and skills:
Candidates with an MBA in Finance from Tier 1 institutions.
Professional qualifications such as CFA, ACCA, or FRM will be an added advantage.
Strong financial analysis skills – thorough understanding of accounting / financial concepts including financial statements, variance analysis, and assessment of key credit risk metrices and covenants.
Ability to draft credit reports.
Strong communication skills (oral and written) in English.
Proficient in use of Excel, handling linked worksheets, able to handle complex models.
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.
OakNorth is redefining lending to lower mid-market businesses globally. We provide data and technology-driven solutions to borrowers and lenders through the OakNorth Platform - enabling faster and smarter decision making across the loan lifecycle.
