PROVE · 2 days ago
Analyst / Senior Analyst of Asset Based Lending
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Comp. & Benefits
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Responsibilities
Support all stages of the transaction lifecycle, from sourcing new investment prospects to finalizing definitive agreements
Build and maintain relationships with clients and institutional capital partners
Perform data analysis, model cash flows, and carry out various ad hoc technical assessments
Engage in asset and transaction underwriting and due diligence, including related to valuation, legal, regulatory, servicing, post-closing asset management, and treasury
Draft comprehensive investment memoranda for CEO review and transaction approval
Orchestrate efforts between departments to ensure a seamless client experience from deal sourcing to post-closing support
Track investment performance and offer post-closing support, including assistance with go-forward fundings, periodic re-underwrites and audits, and deal amendments as necessary
Support the enhancement of PROVE’s processes and the upgrade of technology tools to optimize deal execution, while strengthening PROVE’s portfolio oversight and risk management capabilities
Assist PROVE’s sales team and brokers to convert referral sources into closed deals, including hospitals, ambulatory surgery centers, outpatient diagnostic centers, private physician practices, chiropractic and physical therapy practices, durable medical equipment providers, lien-based pharmacies, toxicology labs, and other healthcare providers serving personal injury patients
Produce reports and materials needed for prospective clients
Manage and evaluate a pipeline of new deal opportunities
Conduct financial due diligence, including analysis of accounts receivable portfolio concentration, static pools, collection curves, and financial forecasts
Assist in corporate and guarantor due diligence efforts
Draft term sheets and proposals that reflect a range of transaction structures, including both lending and purchase agreements, with upside sharing and promote structures
Prepare investment committee memos for transaction approval
Negotiate legal documentation, such as credit agreements, term sheets, and servicing contracts
Facilitate the boarding of assets, ensuring smooth funding and treasury operations post-closing
Monitor portfolio performance and covenant compliance
Oversee risk management and exposure management strategies to strengthen the portfolio
Establish and cultivate strong, long-term relationships with clients, brokers, and institutional capital partners, to drive continued growth and partnership opportunities
Qualification
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Required
1-2 years (Analyst) / 3+ years (Senior Analyst) of direct experience in structuring, underwriting, and executing financial transactions, preferably within asset-based finance at an investment bank, hedge fund, asset manager, or similar financial institution
Must be enthusiastic about taking on a hands-on role in a fast-paced, high-performance environment
Strong quantitative, financial modeling, analytical, and problem-solving skills
Proven experience in reviewing and negotiating financing structures and associated legal agreements
Advanced proficiency in Microsoft Excel, Word, and PowerPoint; experience with Salesforce or PowerBI a plus
Bachelor's degree required
Company
PROVE
PROVE provides financing to medical lien transactions and personal injury treatments and settlements for law firms and medical providers.
Funding
Current Stage
Early StageRecent News
2022-03-24
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