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