Underwriting & Lending Associate

Position Overview

ATLAS SP is seeking an experienced Associate to join the Underwriting & Lending (“U&L”) team, a front-office underwriting and lending function, to help underwrite, structure and manage secured lending facilities.

The team supports the broader ATLAS SP platform in providing financing solutions to originators, financial sponsors and other asset managers through structured credit facilities. U&L provides independent credit, structural, collateral and documentation review across multiple asset classes, with a focus on the ABS space.

The Associate will support the origination, structuring, execution, surveillance, and maintenance of lending facilities. The role is well-suited for candidates with strong technical skills and experience modeling structured finance transactions, analyzing collateral performance and coordinating across internal control functions. Given the team's growth trajectory and the realignment of U&L responsibilities, the position requires an independent thinker who can contribute across a broad range of responsibilities, including:

• Client pitching and business development including content creation
• Facility structuring and credit underwriting
• Ratings analysis
• Internal policy development and refinement
• Collateral integrity, lien/security review, borrowing base mechanics, and facility control frameworks
• Amendment, waiver, renewal and workout support
• Ongoing surveillance, covenant tracking and escalation of emerging risks
• Technology, data and workflow enhancement across reporting tools, dashboards and transaction trackers

Primary Responsibilities

New Deal Execution

• Assess new transactions and provide independent recommendations regarding credit quality, ratings, and alignment with the firm's risk appetite.
• Prepare pitches, term sheets, and review borrowing base calculations in Excel.
• Partner with senior team members and colleagues in Originations, Structuring, Legal and Risk on transaction structuring and documentation.
• Lead or support the preparation of investment memoranda and presentations to Risk and Investment Committees, including follow-up analysis and responses to internal questions.
• Ensure compliance with internal operating procedures and policies across Risk, Legal, KYC/AML, Operations, Finance, Treasury, and other control functions.
• Review and negotiate term sheets and legal documentation with a focus on advance rates, eligibility criteria, concentration limits, triggers, covenants, waterfalls, events of default, servicer termination events, reporting requirements and backup servicing provisions.

Portfolio Management

• Monitor existing transactions, including servicer reporting, borrowing base performance, covenant compliance, risk reporting, industry trends, concentration analysis and downside risk assessments.
• Prepare annual credit reviews evaluating performance against underwriting
• Respond to portfolio-related requests and inquiries in a timely manner.
• Maintain client relationships and proactively address questions, discrepancies, and transaction requirements.
• Negotiate, structure, and execute amendments and other facility modifications.
• Conduct periodic client due diligence reviews.

Cross-Functional Exposure

• Engage directly with clients, Originations, Structuring, Risk, Legal, Treasury, Operations, Finance, Technology, and external counsel.
• Collaborate closely with relationship managers and other product groups across the institution.

Qualifications & Experience

Education

• Bachelor's degree in Finance, Economics, Accounting, Management, Engineering, or a related field

Experience

• Minimum of 3 years of relevant experience in securitized products, asset-backed finance, structured credit, private credit, warehouse lending, specialty finance or related business lines.

Core Competencies

• Strong financial analysis and credit underwriting skills
• Strong understanding of asset-backed lending structures, borrowing base mechanics, eligibility criteria, concentration limits, triggers, covenants, waterfalls and events of default.
• Excellent verbal, written, and presentation abilities.
• Ability to manage multiple priorities in a fast-paced environment.
• Self-motivated and capable of working independently in a deal-driven setting.
• Strong work ethic, professional demeanor, and positive attitude.
• Ability to perform under pressure and prioritize effectively.
• Strong understanding of legal documentation and credit agreements.
• Advanced proficiency in Microsoft Excel, Word, and PowerPoint.
• Strong familiarity with usage of AI in day-to-day workflow.
• FINRA certifications are a plus

Base Salary Range

$150,000 - $200,000