Investment Banking Associate II
At a glance
Junior Investment & Corporate Development role at Citizens Financial Group. Boston · full-time · $195,000–$200,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Build financial models and analyze company information to assess M&A, financing, restructuring, refinancing, and equity-raise scenarios
- Create pitch books, board presentations, client memorandums, and transaction marketing materials, including lender and roadshow presentations
- Research companies and industries, then use comparable transactions to help shape deal structure and pricing guidance
- Coordinate screening, credit approvals, due diligence, and legal documentation through transaction closing
- Support client development and supervise and coach analyst-level bankers across concurrent assignments
What you bring
- At least four years in investment banking, M&A, corporate finance, leveraged finance, or capital markets, with direct client exposure
- An undergraduate degree and strong academic results; any field of study is considered
- Strong working knowledge of Word, Excel, and PowerPoint, plus the relevant financial-services platforms named in the posting
- FINRA Series 79 or 7 and Series 63, or readiness to secure the required licenses promptly
Who this fits
This role suits an experienced banking associate comfortable handling several transactions at once and working with senior bankers, clients, and analyst-level colleagues. The position is based in Boston, follows a Monday-to-Friday schedule, and lists a workload of 40 or more hours weekly. The stated base salary is $195,000 to $200,000 per year, with additional incentive earnings possible.
From the employer
Citizens is seeking an Investment Banking Associate to support senior professionals focused within the Transportation & Logistics, Industrial Distribution, and Waste sectors. The Associate position encompasses client advisory services including the origination and execution of M&A, leveraged finance and ECM transactions. This position offers an excellent opportunity to join a rapidly growing investment banking platform with market leading positions in middle market corporate and sponsor backed transactions complemented by strong public equity research. As an Associate, responsibilities will include client development support, formulation of pitches encompassing strategic and capital markets advice, and involvement in execution of transactions from origination through closing. You will thrive in this role through your ability to work on multiple projects and transactions concurrently, and you will work directly with senior professionals supporting acquisitions, leveraged buyouts, dividend recapitalizations, restructurings, refinancings, and equity raises. Additionally, you will be responsible for supervising and developing analyst level bankers.
Primary responsibilities include
- Assists in the evaluation and execution of assigned investment transactions, including M&A, securities issuance, capital restructuring, etc.
- Provides financial analysis reports for investment transactions.
- Prepares marketing documentation such as pitch materials and board and management presentations.
- Drafts memorandums and road show presentations for client companies.
- Working with Managing Directors, Vice Presidents, Associates within the Debt Capital Markets, Equity Capital Markets and M&A product groups, Sponsor Coverage and Corporate Banking relationship teams to develop new business ideas, pitch strategies or transaction financing scenarios to help corporate clients and financial sponsors achieve their financial and strategic objectives.
- Performing extensive financial statement modeling for a variety of transaction scenarios.
- Conducting comprehensive company and industry research.
- Analyzing financial model output and client information to prioritize data and present conclusions for discussion purposes.
- Coordinating with senior bankers to provide indicative transaction structure and pricing guidance based on financial model and comparable transaction analysis.
- Preparing pitch materials for client meetings.
- Manage transaction screening and credit / underwriting approval processes and all required documentation, analysis, and meetings.
- Playing a key leadership role throughout the transaction execution process.
- Participating in accounting, business, and legal due diligence.
- Working with legal counsel and clients / financial sponsors to draft and negotiate legal documentation.
- Preparing detailed transaction marketing materials including confidential information memoranda, ratings agency presentations, and lender / roadshow. management presentations.
Qualifications, Education, Certifications and/or Other Professional Credentials
- 4+ years of direct experience with proven client interaction and Investment Banking, M&A, Corporate Finance, Leveraged Finance or Capital Markets experience
- Undergraduate degree with a strong academic record from a leading university. All concentrations considered given level of industry experience
- MBA a strong plus, but not required given level of experience
- Attendance in a formal investment or corporate banking training program preferred, but not required
- Excellent command of Microsoft Word, Excel and PowerPoint
- Experience with related financial services software including S&P CapitalIQ, S&P Leveraged Commentary, Advantage Data, Bloomberg, Thomson One, Thomson Loan Pricing Connector, FactSet, etc.
- FINRA Series 79 (or 7) and Series 63 and /or willingness to obtain licenses in a short timeframe
Hours & Work Schedule
- Hours per Week: 40+
- Work Schedule: Monday to Friday
Pay Transparency
The salary range for this position is $195,000 – $200,000 per year, plus an opportunity to earn additional incentive earnings. Actual pay is based on various factors including, but not limited to, the budget, work location, and relevant skills and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.