Syndications Manager, Senior

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Job description

SYNDICATIONS MANAGER SENIOR WHAT IS THE OPPORTUNITY? On sell-side loan syndications team primarily responsible for structuring and executing leveraged finance, middle market corporate, commercial banking, real estate, and franchise transactions.The Syndications group at City National Bank resides within the Capital Markets division and focuses on lead-agented, active book runner roles
The group works with relationship management teams to ensure the marketability of transactions, primarily structure and pricing
Members of the syndicate team maintain an active dialogue with the market provide current updates to both internal and external clients, and support pitching activities in pursuit of new financing opportunities
Structure and pricing guidance is regularly supported by an analysis of comparable financings (comps) and market sounding
The group is further responsible for developing a syndication strategy in support of the credit approval process
Additionally, the group is responsible for the preparation of marketing material such as Confidential Information Memoranda ("CIM"), lender presentations, term sheets, and mandate letters
These documents which provide an overview of the company, the proposed facilities and the investment considerations are used by potential lenders/investors to analyze the credit and seek their internal approvals to commit to the financing
The group also maintains administrative agent responsibilities on a post-closing basis
What you will do Work with Relationship Managers to identify prospective clients for syndicated transactions
Help determine optimal capital structure for client and jointly pitch proper debt solutions and other ancillary banking and capital markets products
Coverage units may include Structured Finance, Franchise Finance, Commercial Banking, Entertainment, and Real Estate
Expertise in two or more of these areas is strongly preferred
Successfully negotiate, structure, and arrange CNB-Agented, multi-bank, revolving credit and term loan facilities that reflect market pricing, covenants, and other terms and conditions
Stay apprised of market conditions and trends for various coverage units
Provide market feedback and advisory services on transaction structure and pricing to coverage units, credit, and other internal parties
Provide periodic market updates to clients, Relationship Managers, and credit
In addition, conduct specific market testing for prospect transactions prior to launch to accurately assess syndication risk for credit
Prepare and present syndications materials such as confidential offering memorandums, term sheets, lender presentations, financial models, and other marketing materials on behalf of clients
Be prepared to arrange bank meetings and conference calls with potential lenders and present materials/transaction details
Work with clients to select lenders for the bank group and determine commitment allocations
Negotiate and review legal documentation such as credit agreements and other ancillary documents with clients (and eventually participating lenders)
Manage the distribution of work flow on deal teams to maximize efficiency, meet deadlines, etc
Act as primary liaison between client and potential lenders during the syndication process and post-closing in an Agency capacity
Assist Relationship Managers in the preparation and presentation of internal concept memos credit memorandums for syndicated transactions Be prepared to opine on liquidity/salability of transactions, underwriting risks, etc
in credit committee
Build and maintain a strong network of prospective syndicate banks, including local and regional banks, and bank loan syndications trading partners
Work with Relationship Managers and Underwriters to continue ongoing portfolio management of Agented transactions, including maintaining ongoing Administrative Agency functions such as maintaining data sites, ensuring timely financial reporting, responding to lender information requests/questions, executing of amendments and waivers, organizing annual lender meetings/calls, etc
(i.e
Agency Services)
Mentor junior staff Other responsibilities as required by Group Head or by Head of Capital Markets
Must-Have Bachelor's Degree or equivalent Minimum 8 years banking experience Minimum 5 years' experience on sell-side in capital markets Credit Training Skills and Knowledge MBA preferred Prior commercial or investment banking experience preferred Experience in structuring credits/loans for film/tv production, sports franchise financing, and music publishing is highly desirable
Must possess excellent verbal, written, and presentation skills Competent with technology Proficient in Microsoft Office Ability to work both independently and as part of a deal team High degree of maturity and integrity with a positive and hardworking attitude Attention to detail Compensation Starting base salary: $141,830 - $263,408 per year
Exact compensation may vary based on skills, experience, and location
This job is eligible for bonus and/or commissions
To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification
It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues
Get an inside look at our Benefits and Perks
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer committed to diversity and inclusion
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law
ABOUT CITY NATIONAL City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024
Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C
and Miami. In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets
City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves
City National Bank does business in Miami and the state of Florida as CN Bank
For more information about City National, visit

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