The Private Equity Lending group provides subscription credit facilities to private equity funds as well as partner credit lines to employees of the sponsor.

Primary responsibilities for this role include seeking credit approval for the booking of subscription credit facilities as well as managing them throughout their life. To this end, the candidate must have strong credit underwriting skills and be able to effectively interact with multiple stakeholders across the approval process including financial advisors, wealth management bankers, transaction managers, risk officers, operations officers, legal counsel, etc.

The role’s primary responsibilities include:
• collaborating with financials advisors, wealth management bankers, and investment banking professionals on prospect client opportunities as well as existing client needs
• assisting transaction managers with the drafting of term sheets and greenlight memos
• reviewing general partner, investment manager, and fund level formation documents for ownership structure, suitability, and appropriateness
• evaluating the fund’s limited partners for collateral value eligibility
• completing obligor risk rating scorecards and credit line return models based on key sponsor, fund, and facility level metrics
• scrutinizing and negotiating key legal documentation including credit agreements, security agreements, ISDAs, letters of credit, etc.
• ensuring all lender regulatory requirements prior to and during the life of the credit facility are met
• drafting and submitting credit memos that identify and address all key risks of the credit extension to support the booking of new credit lines and increases to existing credit lines
• interacting and liaising with various stakeholders for transaction approval including senior management, regional market heads, internal and external legal counsel, compliance teams, risk committees, etc.
• orchestrating the orderly and timely closing of credit lines across all stakeholders and support teams.
• reviewing the fund’s financial statements and tracking investment performance on a periodic basis
• assessing covenant compliance and conformity to all terms and conditions of the extension of credit throughout its life
• monitoring concentration risks across sponsors, limited partners, fund investments, etc.
• efficiently leveraging the support of analysts and junior account managers on the team as well as providing training for their growth & development
• providing periodic and ad-hoc financial metric aggregation for portfolio level tracking
• assisting in the preparation of reports and presentations for senior management
• supporting business & risk heads with key initiatives

Detailed salary information:
• San Diego, Salt Lake City, New York, Los Angeles: the salary range for this role is $100000 to $130000
The expected salary range(s) for this role as of the date of this posting is/are based on factors including, but not limited to, experience, qualifications, education, location and skill level. This role may also be eligible for discretionary incentive compensation. For benefits information, please visit ubs.com/usbenefits.