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Grayson Search Partners · 5 hours ago

Underwriting Associate

Chicago, IL

Full-time

Onsite

New Grad, Entry Level

$150K/yr - $230K/yr

Grayson Search Partners is partnering with a top private credit firm in Chicago to hire an Underwriting Associate. The role involves analyzing borrower financials, building financial models, conducting due diligence, and supporting investment structuring and execution.

Staffing & Recruiting

Hiring Manager

Katie Schreck

Responsibilities

Analyze borrower financial statements, projections, cash flow, leverage, liquidity, and debt capacity to assess credit quality

Build and maintain financial models to evaluate downside scenarios, covenant compliance, and return profiles

Conduct transaction due diligence, including data room review, management calls, and coordination with third-party advisors (legal, accounting, commercial)

Perform industry and market research to evaluate competitive dynamics and business risk

Support structuring of investments, including pricing, leverage levels, covenants, collateral packages, and capital structure positioning

Prepare screening memos, underwriting memoranda, and materials for internal investment committee review

Assist with deal execution, documentation review, and closing processes such as funds flow

Monitor portfolio company performance post-close, including financial spreading, variance analysis, and risk tracking

Qualification

Financial modelingCredit analysisDue diligenceMarket researchCommunication skills

Required