Full-Time
Associate – Real Estate
Posted on 10/22/2024
OakNorth Bank
201-500 employees
Provides tailored lending solutions for businesses
Mid
New York, NY, USA
Position requires onsite presence in New York.
- At least 3+ years in a similar role
- Ability to work collaboratively with all levels of staff in a rapidly changing, demanding, but ultimately rewarding environment
- Drive to achieve a common goal (lend money, help businesses)
- Possess excellent financial modelling, quantitative and analytical skills
- Strong interpersonal and communication skills (written as well as verbal)
- Resourceful problem solver with a focus on delivery (ability to multitask is also crucial)
- Ability to thrive in an unstructured environment where you can create your own opportunities
- Work as part of a team on the execution of real estate transactions
- Support the Debt Finance team in finding new clients and keeping an updated prospective client database
- Assist in the preparation of deal specific credit memoranda for transaction recommendations to credit committees and other relevant lines of approval
- Attend external meetings (with senior bankers) and contribute to the discussion
- Assist in building complex dynamic financial models to analyse investment opportunities (reviewing debt structures, relevant debt underwriting parameters and specific assets using financial models and a variety of quantitative analytical tools to test assumptions and sensitivities)
- Undertake fundamental research analysis using a variety of data sources; undertake company and transaction specific analysis and valuations
- Participate in third party meetings where you could potentially contribute to drive the business forward - analysing proposed budgets, capital plans and other investment recommendations
OakNorth Bank offers tailored lending solutions to businesses and savers in the UK, focusing on fast and flexible financing options. The bank specializes in senior debt finance, allowing for quick loan approvals that benefit sectors like property development and hospitality. Unlike traditional banks, OakNorth works closely with private equity firms to customize its financial products, ensuring a customer-centric approach. Additionally, by providing savings accounts, OakNorth supports local business growth, aiming to create a positive impact in communities.
Company Stage
Grant
Total Funding
$15.8M
Headquarters
London, United Kingdom
Founded
2015
6 month growth
↑ 18%1 year growth
↑ 18%2 year growth
↑ 18%
Simplify's Take
What believers are saying
- OakNorth's rapid loan approval process allows businesses to scale quickly, providing a significant advantage in competitive markets.
- The bank's strong regional presence, such as in the North West, demonstrates its commitment to local economic growth and community impact.
- Partnerships with companies like Marqeta enhance OakNorth's service offerings, providing innovative financial tools to SMEs.
What critics are saying
- The competitive UK banking sector requires OakNorth to continuously innovate to maintain its edge.
- Economic downturns or market instability could impact the repayment capabilities of their business clients, affecting OakNorth's financial health.
What makes OakNorth Bank unique
- OakNorth specializes in fast and flexible finance options tailored to ambitious businesses, unlike traditional banks that often have slower and more rigid processes.
- Their focus on senior debt finance for management buyouts and property development sets them apart from competitors who may not offer such specialized lending solutions.
- OakNorth's dual focus on lending and saving creates a more inclusive financial ecosystem, benefiting both businesses and individual savers.
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