WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

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Most Helpful
Jan 5, 2021 - 2:39pm

Job Summary

Under direct supervision, uses knowledge and skills obtained through education, training and experience to assist a business unit or department in making credit decisions. Verifies credit information and analyzes routine financial data. Oversight is provided to perform work that is somewhat difficult in character requiring some evaluation, originality and ingenuity to make routine decisions. Maintains regular contact with customers and other external entities to identify, research and resolve problems.

Essential Duties And Responsibilities

  • Researches and analyzes financial statements, interprets findings, and prepares various reports for use in loan underwritings and periodic loan reviews.
  • Maintains documentation files and monitors compliance with terms of loans.
  • May periodically monitor accounts and escalate irregularities or inconsistencies as appropriate.
  • Prepares spreadsheets, reports, summaries and opinions.
  • Prepares report evaluations while ensuring compliance with organizational policies and applicable State, Federal, agency and investor guidelines.
  • Performs other duties and responsibilities as assigned.

Raymond James Bank is an EOE/AA and VEVRAA Federal Contractor
Priority will be given to protected veterans
EOE/AA: Female/Minorities/Disabled/Protected Veterans/LGBT

Raymond James Guiding Behaviors

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We Expect Our Associates At All Levels To

  • Grow professionally and inspire others to do the same
  • Work with and through others to achieve desired outcomes
  • Make prompt, pragmatic choices and act with the client in mind
  • Take ownership and hold themselves and others accountable for delivering results that matter
  • Contribute to the continuous evolution of the firm
Jan 5, 2021 - 6:26pm

Thanks, typing this from my phone so excuse me for any brutal errors. I suck at texting.

I would think since you don't have any direct credit experience in your current role it will be largely fit based questions. You should be prepared for the standard "walk me through your resume/tell me about yourself", "Why this role", "why raymond james", "why credit". Know your resume inside & out, be able to speak to every line of it. Know what corporate banking is & exactly what they do in that role.

Talk about your analytical capabilities, as well as, qualitative background. Try to have tangible examples to back it up. If your role right now isn't analytical, but you've done something in your free time, mention it. "I have strong analytical capabilities that I continue to keep sharp as I...[practice financial modeling, study for the CFA, etc.] (just don't lie because they may ask follow up questions but you get the point). Mentioning extremely strong attention to detail won't ever hurt either, but have a story when prepared for when you may have caught an error that was overlooked. Again, these are all fairly straight forward questions that you could have stories prepared for.

I'm going to presume you don't deal with companies financial statements on a day-to-day basis, so maybe be prepared to discuss how you've navigated through them in the past for a school project or if you completed a modeling course online or something and feel comfortable in them. I'll also bet they want to know how comfortable you are with basic microsoft office products.

In terms of technicals, I don't think they'll hammer you, but you'll probably want to play it safe so I'd say basic banking accounting and valuation questions (not so much M&A) are likely fair game. Know how things flow through the 3 statements, how changes in working capital affect cash flow.

For more credit specific questions, know how to amortize a loan, know what the priority of payments are for debt in the cap structure, know what the difference between maintenance and incurrence covenants are. What qualities make a company a good candidate to be underwritten a loan? [i.e. low leverage, stable cashflows, non-cyclical business, seasoned management team]. What are the different types of debt in the capital structure? These are what immediately come to mind for me.

If I think of anything else I'll let you know, but hopefully other chime in. Feel free to hmu if you have follow ups. Good luck & I hope you get the job.

Jan 21, 2021 - 2:34pm

Made it past the initial screening, now on the website it says "hiring manager review" so I hope to hear back from him soon. Either way I just started applying on January 3 so I am happy to have already had 1 interview so quickly weather this works out or not. I also had a initial interview with regions last week, but I would prefer the opportunity at Raymond James. 

Lol anything but staying in operations though tbh.

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300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

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Oct 8, 2021 - 1:56pm

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