Associate Director of Debt Finance, OakNorth
Digital bank for business loans and savings
Open for applications
Digital bank for business loans and savings
201-500 employees
Open for applications
201-500 employees
Company mission
To serve and empower businesses in the Missing Middle, ensuring each and every one of them has the right tools, insights, and support at every stage of their growth journey with us.
Role
Who you are
- A Bachelors degree with specialisation in Finance, Accountancy, Economics or equivalent from a top recognised university
- Minimum 3-4 years or equivalent of active front-office deal origination, execution and completion experience, preferably in debt capital markets, across London and the South East plus a minimum 6-7 years or equivalent of active finance, accountancy, taxation, deal structuring experience
- Front-office ability to assist in pitching for deals, interacting with prospective clients and negotiating terms of engagement
- Ability to work cooperatively with all levels of staff in a rapidly changing, demanding, but ultimately rewarding environment
- Ability to complete and structure transactions within limited time frames to meet client requirements/deadlines
- Determined attitude to liaise and work with multiple external teams to complete transactions
- Drive to achieve a common goal (lend money, help businesses, and earn interest / fees!)
- Clear thinker with research and analytical abilities; capacity to learn quickly
- 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
What the job involves
- Work as part of a team on the execution of corporate finance trading business transactions
- Assist 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; go to external meetings (with senior bankers) and contribute to the discussions
- 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)
- Access to a solid client base and ability to expand on existing client base to originate new deals
- 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
- Other relevant duties and projects as assigned
Salary benchmarks
Otta's take
Sam Franklin
CEO of Otta
In an era marked by the ongoing cost-of-living crisis and unprecedented disruptions, many companies have faced formidable challenges. However, OakNorth has emerged as a beacon of support, offering tailored financial solutions to help businesses navigate uncertainty and thrive in a rapidly changing landscape.
As exemplified by its recent $22M loan to Sticks n Sushi, OakNorth demonstrates a keen understanding of the unique needs and aspirations of its clients. By providing flexible financing options and strategic guidance, OakNorth allows businesses to pursue growth opportunities and overcome obstacles with confidence. moreover, the bank's collaborative approach fosters strong partnerships built on trust, transparency, and mutual success, creating a dynamic ecosystem where businesses can flourish.
Committed to championing entrepreneurship and driving economic prosperity, OakNorth aims to redefine the banking experience and empower businesses to achieve their full potential. As a trusted ally in times of uncertainty, OakNorth embodies the resilience, agility, and forward-thinking ethos that defines the spirit of modern entrepreneurship.
Insights
Some candidates hear
back within 2 weeks
27% female employees
26% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Feb 2019
$440m
GROWTH EQUITY VC
Sep 2018
$100m
SERIES B
Total funding: $888.6m
Company benefits
- Equity. We want people to have a stake in the business so that all our interests are aligned
- 25 days holiday
- Personalised benefits – opt-in to what matters to you
- Subsidised Private Medical Insurance with Bupa
- Enhanced maternity and paternity leave
- Wellbeing and social events
- In-house Barista Bar in London office
- Support causes that matter to you – Volunteering time off
- Salary sacrifice schemes (Cycle to work, nursery, gym, electric car scheme)
Company values
- One team: We work together to achieve our goals, whether it’s across teams, countries, departments or people in a room
- Right ambition: Success is better shared. We channel the right ambition as individuals to meet our collective goals
- Customer delight: Our customers drive everything we do. We go beyond satisfaction to deliver delight at every opportunity
- 10x: Better is good, ten times better is great. We set ambitious goals and work to deliver outsized results
- Momentum: We’re go-getters so we take decisive action, at pace. It helps us turn dreams into accomplishments
- Zero base: If it isn’t working, we start from scratch to produce the best solutions for customers and colleagues
- Say it how it is: We’re open and transparent with our stakeholders and encourage honest and constructive input from our team
Company HQ
Carnaby, London, UK
Articles
Founders
Rishi Khosla
(Co-Founder & CEO)Previously co-founded Copal, a financial research firm which they scaled to 3,000 employees and sold to Moody’s Corporation in 2014.
Joel Perlman
(Co-Founder)Started their career as an Associate at McKinsey & Company before co-founded Copal Amba with Rishi.
People progressing
Joined OakNorth as an Operations Intern in 2018. They have since worked as an Operations Analyst/Associate and now serve as a Senior Associate.
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