Bulge Bracket Investment Banks

Posted 15 days ago

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**Credit Support Associate I** in credit compliance monitoring focalizes on borrower adherence with credit agreement terms. Key responsibilities include establishing and upholding monetary covenant monitoring requirements, interpreting financial and other covenants, and performing calculations to evaluate agreement compliance. Collaborates with internal stakeholders to address documentation questions, ensuring robust operational risk discipline. Core skills required are 4+ years in credit monitoring or related fields, experience handling credit agreements and syndicated loan structures, and proficiency in Microsoft Office.

Compensation: Not specified
City: Not specified
Country: United States

Full Job Description

Location: Plano, TX, United States

Help protect the firm and its clients by ensuring lending agreements are monitored accurately and consistently. In this role, you will translate complex legal documentation into clear operational requirements and deliver timely covenant monitoring outcomes. You will build strong partnerships across credit, risk, and operations stakeholders. You will apply detail-oriented analysis to support high-quality controls and service levels.

Job summary
As a Credit Support Associate in credit compliance monitoring, you assess borrower compliance with credit agreement terms across an assigned portfolio. You interpret financial and other covenants, set up and maintain monitoring requirements in systems of record, and perform calculations to evaluate whether borrowers are meeting agreement terms. You partner with internal stakeholders to resolve documentation questions and support strong operational risk discipline.

Job responsibilities

Set up reporting requirements and financial covenants for new credit agreements and executed documents in systems of record

Translate legal and structural terms into operational monitoring requirements for ongoing compliance

Conduct periodic reviews and continuous monitoring of borrower financial covenants and collateral based on agreement requirements

Interpret complex credit agreements and related legal documents to identify required parties (e.g., co-borrowers, guarantors) for accurate system setup and monitoring

Review documentation and monitor compliance for bilateral agreements and syndicated loans across multiple lending institutions

Calculate cash flow, leverage ratios, and required covenant values in accordance with specific agreement terms

Perform borrowing base calculations and reconciliations for secured lending cases

Validate collateral support documentation (e.g., accounts receivable aging, inventory listings, ineligible summaries) against defined requirements

Compare executed credit agreements to the corresponding approvals and term sheets to verify alignment and escalate discrepancies

Follow documented quality control standards and service level commitments for the process

Partner with credit, risk, and operations teams to resolve discrepancies and clarify documentation and operational requirements

Required qualifications, capabilities and skills

4 years of experience in credit monitoring, credit administration, credit review, or loan operations within commercial, business, or investment banking environments

Experience reviewing and interpreting credit agreements and syndicated loan structures

Knowledge of common facility and product types (e.g., revolving credit facilities, term loans, letters of credit, bridge loans, asset-based structures)

Ability to translate legal documentation into operational requirements and maintain accurate setup in systems of record

Experience performing covenant calculations (e.g., cash flow and leverage ratios) based on agreement-defined methodologies

Experience performing borrowing base calculations and reconciliations for secured lending cases

Experience validating collateral support documentation (e.g., accounts receivable aging, inventory listings, ineligible summaries)

Ability to identify and resolve documentation discrepancies through effective cross-functional partnering

Proficiency with Microsoft Office, including Microsoft Excel

Preferred qualifications, capabilities and skills

Bachelors degree in business or accounting

Assess covenant compliance and maintain monitoring requirements across a portfolio of lending agreements.

Full Job Description