Full-Time

Vice President or Senior Vice President

Credit Delivery, Commercial Corporate Finance

Posted on 10/25/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior, Expert

Atlanta, GA, USA

Category
Corporate Finance
Finance & Banking
Required Skills
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree
  • Strong analytical skills and attention to detail
  • Strong written and verbal communication skills
  • Competitive drive and high work ethic, self-starter, team-oriented
  • Solid leadership and interpersonal skills
  • High level of adaptability and flexibility with strong organizational and time management skills
  • Some understanding of business
  • Advanced proficiency in Microsoft Excel and PowerPoint
  • Master’s Degree and/or CPA or CFA (Preferred)
  • Minimum GPA: 3.0 (Preferred)
  • 5 to 10+ years of demonstrated work experience in finance or related field (Preferred)
Responsibilities
  • Reporting to one of the Group Team Leads, supports deal teams, manages, coordinates, and executes credit event processes (underwritings, refinancings and/or amendments), as part of deal teams.
  • Together with teammates, conducts due diligence, obtains credit approval and facilitates legal review for transactions.
  • Develops or coordinates development of complex financial models and provides analytical support including analyzing financial statements and projections.
  • Fluent in Microsoft Office (Word, Excel and Powerpoint); ability to navigate Truist's systems and applications.
  • Develop a working knowledge of Truist products and demonstrates superior technical skills.
  • Responsible for analysis and underwriting related to transactions, amendments, modifications and other credit products for new and existing clients as part of deal teams.
  • Works closely with teammates in the preparation of on-time and high-quality annual client reviews, renewals, and amendments.
  • Provides high-level support in providing financing and structural advice to clients and prospects to facilitate transactions.
  • Coordinates with debt capital market product teams, Investment Banking and Risk Management to win and implement a complete financing solution.
  • Negotiates or supports the negotiation of key financial structure, credit agreement and legal documentation issues necessary to successfully originate and syndicate financing commitments for clients and prospects.
  • Manages time-critical financial and operational due diligence and underwriting activities.
  • Creates and/or utilizes analytical financial models, including financial projections, discounted cash flow analysis, leveraged buyout analysis, valuation analysis, and financial analysis of historical and projected cash flows.
  • Performs research and analysis on companies, industries and transactions in support of both client activities and risk mitigation strategies.
  • Meaningfully contributes to the creation and writing of credit product approval documents and presentations.
  • Supports management of the portfolio and independently manages a portfolio of clients with oversight from Team Leaders.
  • Achieves timely submission of annual reviews, underwritings and amendments to allow for sufficient review and decision by applicable approval authority.
  • Maintains active ownership and timely processing of quarterly risk ratings within own portfolio and as needed across the team.
  • Effectively works with partners and teammates with little oversight.
  • Demonstrates leadership through the management of various projects and requests specific to assigned practice groups.
  • Takes ownership of client follow up activities.
  • Consistently trains and mentors junior teammates and reviews their work product.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. The platform includes tools like live chat support, commission-free trading, and an automated rebalancer, allowing RIAs to manage their businesses more efficiently and serve more clients at a lower cost. Unlike competitors, Truist provides these services for free, monetizing through a custodian service that helps RIAs reduce overhead costs. The goal is to empower RIAs to grow their businesses and enhance client experiences.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

N/A

Growth & Insights
Headcount

6 month growth

7%

1 year growth

19%

2 year growth

51%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $169M Series E funding round indicates strong investor confidence and provides substantial capital for further innovation and expansion.
  • Collaborations with leading providers like Orion Advisor Solutions and Kwanti enhance Altruist's platform capabilities, making it more attractive to RIAs.
  • Acquiring Shareholders Service Group expands Altruist's service offerings and client base, positioning it to compete with industry giants like Schwab and Fidelity.

What critics are saying

  • The competitive landscape in the RIA market includes established players like Schwab and Fidelity, which could challenge Altruist's growth and market penetration.
  • Rapid expansion and multiple integrations may lead to operational complexities and potential service disruptions.

What makes Truist unique

  • Altruist offers a simplified tech stack specifically designed for RIAs, unlike broader financial platforms that cater to multiple financial service providers.
  • Their commission-free fractional share trading and automated rebalancer features provide cost-effective solutions that are not commonly bundled together in competing platforms.
  • The vertically-integrated custodian service allows Altruist to streamline operations and reduce overhead costs for RIAs, setting it apart from traditional custodial services.

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