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Associate, Debt Finance

🏢 OakNorth Bank 📍 Leeds, England 💼 Company - Private
Currency:
£26,000 - £30,421
£2,167 - £2,535 / mo
Verified Corporate Employer (Authorized Corporate Employer)

This vacancy is published by an accredited employer with authorized corporate payroll and standard compliance adherence.

Transatlantic Cost of Living & Purchasing Power Benchmark

Verified Analytics
Location Base
Leeds, England
Tier-1 UK Economic Zone
Est. Take-Home Pay
68% - 74% (After PAYE & NI)
Single tax filer baseline
Transatlantic Parity
1.0 GBP ≈ $1.28 USD Living Standard
Direct corporate benchmark

Position Overview & Specifications

The mission of an Associate is to provide support and partner with our senior leadership in the Debt Finance team, to take the pressure away from them, by responsibly dealing with every preclosing point (queries from legal, liaise with credit for any rising issues etc.) whilst also starting to build a network to allow you to progress to the Associate Director role. You will liaise with clients independently with complete information about deals, build a network and presence internally as one grows in the role, while taking ownership of all internal pre-closing points of a deal, sighting papers with actionable insights.

Key Responsibilities

  • Work as part of a team on the execution of corporate finance/real estate 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)
  • 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
  • The role will require travel to our other locations London and Manchester

Key Attributes
  • Ability to work cooperatively with all levels of staff in a rapidly changing, demanding, but ultimately rewarding environment
  • Drive to achieve a common goal (lend money, help businesses)
  • 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
  • Experience of working in a Corporate Finance
About Us
We’re OakNorth Bank and we embolden entrepreneurs to realise their ambitions, understand their markets, and apply data intelligence to everyday decisions to scale successfully at pace.
Banking should be barrier-free. It’s a belief at our very core, inspired by our entrepreneurial spirit, driven by the unmet financial needs of millions, and delivered by our data-driven tools.
And for those who love helping businesses thrive? Our savings accounts help diversify the high street and create new jobs, all while earning savers some of the highest interest on the market.
But we go beyond finance, to empower our people, encourage professional growth and create an environment where everyone can thrive. We strive to create an inclusive and diverse workplace where people can be themselves and succeed.
Our story
OakNorth Bank was built on the foundations of frustrations with old-school banking. In 2005, when our founders tried to get capital for their data analytics company, the computer said ‘no’. Unfortunately, all major banks in the UK were using the same computer – and it was broken.
Why was it so difficult for a profitable business with impressive cashflow, retained clients, and clear commercial success to get a loan?
The industry was backward-looking and too focused on historic financials, rather than future potential.
So, what if there was a bank, founded by entrepreneurs, for entrepreneurs? One that offered a dramatically better borrowing experience for businesses?
No more what ifs, OakNorth Bank exists.
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Candidate Selection & Onboarding Process

1

Application & Resume Screening

Submit your tailored CV/Resume directly to the talent acquisition portal.

2

Technical & Competency Interviews

Virtual interviews with the hiring manager and multidisciplinary team.

3

Formal Offer & Benefits Negotiation

Written agreement outlining compensation, equity, retirement vesting, and relocation allowances.

4

Onboarding & Corporate Integration

Equipment provisioning, team orientation, and commencement of duties.

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Hiring Organization
OakNorth Bank

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Location: Leeds, England
Eligibility: Verified Employer Direct Placement
Schedule: Company - Private
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