Truist Credit Delivery info

Most likely the credit arm of the bank. Focused on underwriting credits, modeling cash flows through a cash flow model…get handed the deal from a corporate banker, underwrite the deal, make a memo, present to credit risk and close the deal. Not sure if it’s both underwriting and portfolio management. But it’s one of those and most likely if it’s delivery it’s probably focused on execution and not PM work. I also saw a kid that had a job in acquisition financing whatever that is, assuming that’s the credit arm at Truist of sponsor backed deals extending credit to PE firms looking to do LBOs or M&A financing. Doubtful they do their own valuation if volume is high, usually another team does that at the bank but I could be wrong. I believe there’s a regulatory component to valuation when a main source of potential repayment is the sale of the company hinged on the EV value. Also, speaking from working with this bank and working in a similar role.

edit: just looked at a job posting, looks like it’s actually both portfolio management and execution (underwriting) for all credit transactions including sponsor backed transactions. Also, strangely enough it requires licenses so there must be a component where you are client facing and pitching products. Sounds like a good role, but also seems like hours could be a lot given there’s a lot of responsibilities.