LCM Associate
New York, NY, US, 10172
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $150,000.00 and $200,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
Sumitomo Mitsui Banking Corporation is hiring an Associate in the Loan Capital Markets Department. This role will be involved in all aspects of Loan Capital Markets transactions including underwriting, marketing, and execution of transactions in Latin America.
Responsibilities of the role include assembling powerpoint/pitches and underwriting memos, completion of due diligence, comps, financial modeling, preparation of marketing and syndication material, legal documentation review and internal credit approval work.
This role requires both verbal and written Spanish language skills.
Role Objectives: Delivery
• Responsible for supporting the senior Marketing Officers in Loan Capital Markets with research, analytics, inputs for pitches and underwriting memos, due diligence and the credit approval process. Will include bi-lingual material (Spanish language).
• Work directly with the senior deal leads and be involved in all aspects of Loan Capital Markets transactions from pitching through execution; manage the input (capital structure, comparables, indicative term sheets, waterfalls, etc.)
• Maintain and provide regular input to Comparables Database (database of comparable transactions and market trends) and League Tables; ensure database is current and accurate and all new deals are reflected in comps and League Tables reporting; report on assigned deals to team on a weekly basis.
• Ensure comps database, data repositories and trackers are updated and review deal summaries.
• Prepare marketing materials such as pitches, Confidential Information Memorandums and Lender Presentations and draft underwriting memos and present to the department's management.
• Review market updates to ensure quality of information, such as, trends (pricing, tenors, structure), deals and opportunities in the investment grade and non-investment grade markets (corporate and project finance).
• Keep close collaboration with the credit and client coverage teams during the structuring and primary syndication process and attend pitches whenever possible.
• Manage the process for investor meetings (bank meetings, roadshows) to ensure flawless execution.
• Liaise with SMBC local offices in Latin America (Mexico, Chile, Peru, Colombia, Brazil).
Qualifications and Skills
• A minimum of 2-3 years prior experience at a major financial institution or financial firm (preference from a loan capital markets role but not required). Strong analytical and presentation skills and experience supporting large transactions.
• Required language skill: Spanish..
• Strong understanding of the syndicated loan business, including a strong understanding of credit agreements, deal structures, loan funding mechanics, ticking fees, etc.
• Strong financial statement, cash flow and credit analysis, corporate finance and financial accounting skills. Able to learn SMBC bank systems quickly and experience with industry standard banking systems.
• Excellent organizational, analytical, and problem-solving skills while balancing workload and prioritizing effectively to complete work accurately and in a timely manner against strict deadlines.
• Good interpersonal skills and ability to manage internal and external customer relationships and work comfortably with senior members of the team.
• Highly collaborative and flexible in a team and client environment; shares information with team pro-actively and coordinates and communicates effectively with various internal departments across the bank group.
• Excellent writing skills to clearly articulate information in pitch materials and underwriting
• Self-driven and motivated; takes personal ownership of specific assignments
•MS Office Suite - Word, Excel, PowerPoint required; familiar with Debt Domain, Intralinks, Syndtrack, LCD, Loan Connector, Bloomberg, Capital IQ.
Additional Requirements
SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
Nearest Major Market: New York City