Job Description Equifind are delighted to be partnering with a fast-growing London-based specialist private credit fund deploying capital across SME cashflow, asset backed, real estate, forward flow and platform lending strategies. To succeed in this role, you will be a technically strong Associate who wants to build real underwriting expertise, not just process deals. Your analysis will directly shape capital deployment decisions within a small, high performing team. WHAT MAKES THIS ROLE DIFFERENT Direct exposure to decision-makers in a 12-person team Genuine modelling responsibility from day one Real responsibility in shaping lending recommendations Exposure across multiple asset classes Entrepreneurial environment without institutional bureaucracy THE ROLE Analysing raw borrower financials and loan tapes (often large, unstructured, and imperfect) Building bespoke Excel models from first principles to assess risk Identifying inconsistencies and challenge borrower supplied assumptions Constructing default curves, vintage analysis and roll-rate matrices Modelling SME cashflow coverage and covenant headroom Assessing platform underwriting methodologies where borrowers are onward lending Assessing probability of default using quantitative and qualitative factors Translating analysis into clear credit recommendations Drafting concise internal credit papers Interacting with origination channels (e.g. brokers) in the sourcing and filtering of deal flow Supporting in relationship management and monitoring post investment TECHNICAL EXPECTATIONS Building complex Excel models from a blank workbook Handling large loan level datasets (20k rows) Constructing vintage, cumulative default and roll-rate analysis Designing multi-scenario stress cases Reconciling inconsistencies in borrower data Applying different analytical frameworks depending on asset class Using advanced Excel functions (pivot tables, XLOOKUP/INDEX-MATCH, SUMIFS, dynamic modelling logic) IDEAL BACKGROUND 2–5 years’ experience in: Private credit Structured or specialty finance Asset-backed lending Loan portfolio analysis Structured products Experience across multiple credit types is highly attractive. CULTURE & ENVIRONMENT Analytical and performance driven Entrepreneurial rather than institutional Flat in structure with high ownership Office based to maximise collaboration You will work closely with senior team members and develop practical credit judgment across a broad range of transactions. ABOUT YOU Enjoy building rather than operating intellectually curious about risk comfortable making decisions with imperfect data Thinks independently rather than relying on templates Can switch analytical frameworks between consumer style portfolio modelling and SME cashflow underwriting Is commercially aware (not purely academic)