Private credit associate

Job Description

Equifind are delighted to be partnering with a fast-growing London-based specialist private credit fund deploying capital across SME cashflow asset backed real estate forward flow and platform lending strategies.

To succeed in this role you will be a technically strong Associate who wants to build real underwriting expertise not just process deals. Your analysis will directly shape capital deployment decisions within a small high performing team.

WHAT MAKES THIS ROLE DIFFERENT

• Direct exposure to decision-makers in a 12-person team
• Genuine modelling responsibility from day one
• Real responsibility in shaping lending recommendations
• Exposure across multiple asset classes
• Entrepreneurial environment without institutional bureaucracy

THE ROLE

• Analysing raw borrower financials and loan tapes (often large unstructured and imperfect)
• Building bespoke Excel models from first principles to assess risk
• Identifying inconsistencies and challenge borrower supplied assumptions
• Constructing default curves vintage analysis and roll-rate matrices
• Modelling SME cashflow coverage and covenant headroom
• Assessing platform underwriting methodologies where borrowers are onward lending
• Assessing probability of default using quantitative and qualitative factors
• Translating analysis into clear credit recommendations
• Drafting concise internal credit papers

• Interacting with origination channels (e.g. brokers) in the sourcing and filtering of deal flow
• Supporting in relationship management and monitoring post investment

TECHNICAL EXPECTATIONS

1. Building complex Excel models from a blank workbook
2. Handling large loan level datasets (20k rows)
3. Constructing vintage cumulative default and roll-rate analysis
4. Designing multi-scenario stress cases
5. Reconciling inconsistencies in borrower data
6. Applying different analytical frameworks depending on asset class
7. Using advanced Excel functions (pivot tables XLOOKUP/INDEX-MATCH SUMIFS dynamic modelling logic)

IDEAL BACKGROUND

25 years experience in:

• Private credit
• Structured or specialty finance
• Asset-backed lending
• Loan portfolio analysis
• Structured products

Experience across multiple credit types is highly attractive.

CULTURE & ENVIRONMENT

• Analytical and performance driven
• Entrepreneurial rather than institutional
• Flat in structure with high ownership
• Office based to maximise collaboration

You will work closely with senior team members and develop practical credit judgment across a broad range of transactions.

ABOUT YOU

• Enjoy building rather than operating

• intellectually curious about risk
• comfortable making decisions with imperfect data
• Thinks independently rather than relying on templates
• Can switch analytical frameworks between consumer style portfolio modelling and SME cashflow underwriting
• Is commercially aware (not purely academic)