Simplify Logo

Full-Time

Analyst – RECIB Credit Delivery

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Junior, Mid

Atlanta, GA, USA

Category
Risk Management
Finance & Banking
Required Skills
Communications
Data Analysis
Requirements
  • Bachelor's degree in Finance, Accounting, Economics or Business, or an equivalent combination of education and work experience.
  • Excellent verbal and written communication skills including an attention to detail.
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.
  • Strong analytical and problem-solving skills.
  • Knowledge of credit principles.
  • Ability to handle multiple priorities under time constraints.
  • Demonstrated success working in a collaborative team environment.
Responsibilities
  • Assist in the preparation of the due diligence and underwriting documentation for new loan requests.
  • Responsible for developing components of credit underwriting and structuring on renewals and reviews, making independent recommendations based on assigned components of the underwriting work product.
  • Collaborate with PM Associates and Portfolio Managers researching and qualifying prospects and underwriting new opportunities. Applies understanding of credit risk and current portfolio exposures to evaluate and recommend new requests balancing risk /return for the Bank.
  • Complete performance and monitoring activity for assigned portfolio to include overall portfolio management, current CRE project performance vs. original expectations, required risk monitoring activity and understanding of current industry and market trends.
  • Monitor and report on portfolio data and analytics to maintain accurate data integrity across exposures and serve as primary support contact for audits and data inquiries.
  • Analyze financial statements/projections and document client performance, along with identifying risk and risk mitigants while maintaining accurate client records and file integrity.
  • Serve as a client and internal point of contact in regards to assigned portfolio. (May include site visit and/or visit with client management team to understand projects and property reporting).

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

5%

1 year growth

19%

2 year growth

46%
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.