Investment Analyst / Associate

Firm Overview:

Parkway Capital, headquartered in Baltimore, MD, with additional offices in Boston, MA is a SBIC-licensed private equity firm providing debt and equity to companies in the United States, with a particular focus on those that are headquartered from the Rocky Mountains to the East Coast. Since its launch in 2000, Parkway has invested over $540 million across 75 companies. 

Parkway is currently investing out of PCI III.

Parkway distinguishes itself in the market by its creative capital solutions - investing both subordinated debt and equity in lower middle market companies, its experience investing over multiple business cycles and its bench of operating partners. Parkway looks to back outstanding management teams and equity sponsors in niche manufacturing, business services, industrial service, value-added distribution and healthcare services companies. Parkway can invest up to $12.5 million per company and targets businesses with $10 to $75million of revenue and $2 to $10 million of EBITDA at the time of investment.

Position Summary:

Parkway is seeking to hire an Analyst/Associate with 1-5 years of post-undergraduate experience to be an integral member of our growing team. As an important member of the investment team, you will play a key role in the investment process, where you will be responsible for evaluating new investments, underwriting and structuring investments, supporting the due diligence process and ongoing monitoring of portfolio companies.

You will work closely with the firm’s Partners, Principals and Vice Presidents. You will have the opportunity to work with portfolio company executives (CEOs, CFOs, etc.) in support of Parkway’s role on the board of directors of portfolio companies.

Qualifications:

An ideal candidate will have 1 to 5 years of total work experience with a preference for backgrounds in private credit, leveraged lending, private equity, investment banking, strategy consulting or commercial banking.

Bachelor's degree required, preferably with a major in Finance, Accounting, Business Administration, Economics or related financial discipline with an outstanding record of academic achievement.

Excellent organization, communication, and research skills with the ability to succinctly express and present ideas. Ability to compile, analyze, and present company and industry information.

Demonstrated experience or a strong passion for investing, financial analysis, and business strategy.

Financial modeling experience with superior analytical thinking and problem-solving skills.

Strong interpersonal skills, including excellent oral and written communication skills.

Entrepreneurial mindset and dedicated team player with a strong sense of ownership.

Meticulous attention to detail.

This candidate must thrive in an entrepreneurial private equity culture with the ability to work in less structured environments with minimal oversight.

Position Responsibilities:

Helping to source transaction opportunities from equity sponsors, other credit funds, senior lenders and investment bankers.

Supporting all aspects of the investment process including analyzing, evaluating and executing subordinated debt and equity investment opportunities

Conducting due diligence and analytical work on potential investments, including participating in management presentations of prospect companies

Researching investment target’s competitive position, market size and industry dynamics

Conducting financial analysis to assess companies’ historical financials, unit economics, customer-by-customer details, pipeline and backlog details, customer utilization data, customer churn analyses and other key performance indicators (KPIs)

Building financial projection models, investment return models and conducting sensitivity analysis on model outputs

Developing financial analyses, reports and presentations to facilitate making investment and business decisions

Quickly develop a sense of what makes an appropriate Parkway Capital investment opportunity

Prepare for, participate and document calls with third party diligence providers, including legal, accounting and industry specific consultants

Assisting with the preparation of investment memos and supporting the presentation of investment recommendations to the firm’s investment committee

Ongoing monitoring of portfolio company performance including creating and tracking company financial performance and KPIs

Assisting Parkway’s CFO with SBIC portfolio reporting requirements

Assist with the preparation of Limited Partner Advisory Board presentations and Parkway’s annual meeting of Limited Partners

Compensation: Competitive amongst firms with comparable assets under management (AUM)

Next Steps: Interested candidates should send a cover letter and their resume to the following email address: careers@parkway.calvertst.com