Citizens Bank is seeking an Associate Portfolio Manager to join its Subscription Finance & Services (“SFS”) team. The SFS team manages a portfolio of private equity fund clients of varying sizes, strategy, and complexity. SFS serves as the primary banking partner to CFOs, COOs, treasurers, and investment professionals across leading private equity firms. The team delivers fund-level financing solutions, strategic advisory, and holistic banking services.
The position will support the ongoing management, monitoring, and analysis of a portfolio of subscription credit facilities for sponsors with AUM > $1 billion. This role focuses on portfolio oversight, credit monitoring, analytics, and risk management.
Primary responsibilities include
Provide day-to-day support to senior Portfolio Managers and collaborate with junior analysts across the team
Support underwriting processes for new transactions, upsizes, and facility modifications
Conduct analytical reviews of fund performance, fundraising cycles, strategy, and LP base composition
Monitor borrowing bases, capital call activity, collateral eligibility, covenant compliance, and exposure levels across an assigned portfolio of subscription credit facilities
Assist in managing periodic credit reviews, renewals, amendments, waivers under the guidance of senior team members
Track investor/LP credit quality, commitment changes, side letter provisions, and concentration metrics
Prepare early drafts of credit memoranda and risk rating rationales
Ensure accurate and timely data management, document tracking, and reporting
Manage documentation flow, data room content, and internal compliance requirements
Liaise with internal partners (Credit, Risk, Treasury, Capital Markets, Operations), to support ongoing facility administration
Qualifications, Education, Certifications and/or Other Professional Credentials
Bachelor’s degree required
1-3 years of experience in finance, banking, accounting, private equity, private capital, consulting, or related analytical roles
Self-starting team player who can think strategically and excel in a fast-paced, entrepreneurial, and challenging work environment
Ability to follow-up independently and consistently and play the critical role as the project manager on assignments
Internship or experience in corporate banking, underwriting, fund finance, private equity, credit, or leveraged finance strongly preferred but not required
Hours & Work Schedule
Pay Transparency
The salary range for this position is $91,000 to $110,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the 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.