What are the responsibilities and job description for the Analyst III Leveraged Finance position at Citizens?
Description
The Analyst III position in Leveraged Finance is a credit underwriting and portfolio management role focused on completing acquisition, recapitalization, and refinancing transactions for new and existing corporate and private equity owned customers of Citizens Bank. The position requires constant interaction with internal colleagues from Commercial Banking, Credit Risk Management, and Capital Markets. The candidate will be working as part of a deal team on underwriting new financing opportunities, which includes obtaining internal credit approval and managing the loan documentation and closing process. Analysts will be directly involved in completing underwriting due diligence, identifying key transaction risks and mitigating factors, and obtaining credit approval for proposed transactions. In addition, day-to-day activity will involve supporting senior team members with portfolio management responsibilities, including, but not limited to: Quarterly Portfolio Reviews, Asset Quality Reporting, Covenant Tracking, Financial Statement Analysis, and completion of various internal modeling tools.
The Analyst III position in Leveraged Finance is a generalist role based in Boston, MA.
Primary Responsibilities Include
The salary for this position is $115,000, per year plus an opportunity to earn additional incentive earnings. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.
Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.
Equal Employment Opportunity
Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.
Why Work for Us
At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth
Posting End Date: 04/30/2026
The Analyst III position in Leveraged Finance is a credit underwriting and portfolio management role focused on completing acquisition, recapitalization, and refinancing transactions for new and existing corporate and private equity owned customers of Citizens Bank. The position requires constant interaction with internal colleagues from Commercial Banking, Credit Risk Management, and Capital Markets. The candidate will be working as part of a deal team on underwriting new financing opportunities, which includes obtaining internal credit approval and managing the loan documentation and closing process. Analysts will be directly involved in completing underwriting due diligence, identifying key transaction risks and mitigating factors, and obtaining credit approval for proposed transactions. In addition, day-to-day activity will involve supporting senior team members with portfolio management responsibilities, including, but not limited to: Quarterly Portfolio Reviews, Asset Quality Reporting, Covenant Tracking, Financial Statement Analysis, and completion of various internal modeling tools.
The Analyst III position in Leveraged Finance is a generalist role based in Boston, MA.
Primary Responsibilities Include
- Assisting in the completion of new and existing loan underwriting due diligence, including preparation of deal screening memos, identification of risks and mitigants, new credit approval requests, preparation of three-statement financial models, financial statement spreading, in-depth financial analysis, and completion of comparable debt and enterprise value analysis
- Conducting industry research, preparing written summaries of industry issues, risks, opportunities, and the competitive environment, and communicating questions or observations
- Strong knowledge and application of internal risk models and loan systems
- Monitoring the receipt and accuracy of client reporting including financial statements and covenant compliance certificates and completing quarterly analysis and annual reviews
- Participation in team meetings, Capital Markets calls, and broader Commercial Banking calls
- Participation in deal screen presentations and credit approval meetings
- Participation in client conference calls and client meetings
- Networking within the team and the Commercial Bank
- Completion of ad-hoc projects
- 2-3 years of Commercial Banking or Leveraged Lending experience preferred
- Existing knowledge of the leveraged loan market and bank regulation and compliance
- Advanced analytical, loan structuring, underwriting, documentation, credit, presentation, and organization skills
- Strong credit acumen
- High level of initiative and ability to work independently
- Self-starter with professional maturity and natural intellectual curiosity
- Strong work ethic and ability to multi-task effectively in a fast-paced environment
- Excellent interpersonal and verbal/written communication skills
- Solid technical skills and exceptional attention to detail
- Strong project management and organizational skills
- Resourceful team player who can work closely with others to complete projects under tight deadlines
- Excellent modeling skills and ability to complete various enterprise valuation methodologies
- Software skills: MS Office (Word, Excel, PowerPoint) proficiency and Credit Research Tools
- Experience with Bloomberg, Capital IQ, public SEC filings, rating agency reports, and equity research reports for industry and comparable analysis is a plus
- Bachelor’s degree in Business, Finance, Accounting, or Economics
- Hours per Week: 40
- Work Schedule: Monday - Friday
The salary for this position is $115,000, per year plus an opportunity to earn additional incentive earnings. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.
Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.
Equal Employment Opportunity
Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.
Why Work for Us
At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth
Posting End Date: 04/30/2026
Salary : $115,000