Associate - Shipping Finance

Job Specification
We have a great opportunity to join Transaction Management (TM) as Associate. This is a junior lending professional role within the front office. As a key member of the Transaction Management team, you will support and work closely with PAMs and/or Deal Principals ("DPs"). The work will be fast-paced and multifaceted. On the team, you will have a primary focus on project finance transactions across several of ING's key sectors, but you will also get the opportunity to work with, several of the other sectors in which ING specializes. The vacancy involves regular contact with clients, prospects, other banks, technical and legal advisors as well as frequent cooperation with internal departments such as Credit Risk Management, Legal, and Deal Execution.

Main Duties and Responsibilities of Role: 
The Transaction Management team will be involved in every new lending transaction, working closely with the client relationship managers and/or the Deal Principals.  TM will take responsibility for many of the key processes, which include: 

• Financial modelling with sensitivity analysis and validation of key assumptions; 

• Running internal models including risk ratings and loan pricing, and interfacing with risk management to establish the appropriate internal risk rating and risk appetite; 

• Supporting commercial approval processes (Greenlight committee);

• Preparing and efficiently processing of credit approval packages including annexes and all requisite attachments; 

• Interfacing with loan operations and limit owners; 

• Ensuring compliance with internal policies;

• The responsibility for deal closing including final CPs and obtaining the final loan documents;

• Preparation of marketing materials; 

• Supporting the deal principal in term sheet negotiations; 

• Analysis of different transaction structures and providing recommendations; 

• Preparing business comparables and analysis of debt structures, performance metrics and debt pricing; 

• Attending meetings and calls with clients including transaction-related due diligence; 

• Managing special projects as directed by TM Management; 

• Working with and coaching more junior colleagues by supporting them in their personal and professional development. 

Candidate Profile

Qualification/Education 

• Essential: University level education in finance/economics/accounting/management/engineering (or similar);

• Desirable: CFA 

Experience/Knowledge

• Essential: 3+ years of relevant banking experience at a leading financial institution

• Desirable: Prior experience in Shipping Finance

Personal Competencies

• Strong credit skills including ability to build financial models;

• Experience in negotiation of loan documentation;

• Collaborative and inclusive team with demonstrated ability to work effectively across functions; 

• Strong interest and prior experience in wholesale banking;

• Openness to learn about new industry sectors; 

• Experience with both project finance loan origination and execution; Understanding of debt capital markets;

• Committed and dedicated individual who will continuously improve the way the team works; 

• Global mindset;

• Authentic and confident presentation and communication skills;

• Ability to thrive in a fast-paced environment with multiple competing priorities; 

• Self-motivated and willing to work in a deal oriented and deadline driven environment; 

• Strong work ethic, positive attitude, and professional demeanour.

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