Fund Finance Analyst

About the role

Santander Corporate & Investment Banking is looking for a Fund Finance Analyst based in Madrid. The analyst supports senior team members in analysing, structuring and executing subscription line facilities, net asset value (NAV)-based financing and asset-based lending (ABL) transactions for private capital clients, including private credit, private equity and infrastructure funds, from origination to closing.

Key responsibilities

• Build and interpret financial and cash flow models, including downside sensitivities, and prepare credit papers and supporting materials for internal approval.
• Support due diligence on fund structures, investors, uncalled capital commitments and fund documentation, as well as portfolio assets, cash flows and leverage for NAV and ABL transactions.
• Support negotiation of financing documentation, coordinate NDAs and preliminary documentation with Legal, and assist with conditions precedent and internal processes through closing.
• Prepare marketing materials, pitches and client analyses to support origination with fund managers and relationship teams.
• Maintain transaction pipelines and internal reporting, coordinate with relationship teams, and support portfolio monitoring, including borrowing base and covenant reviews.
• Work with Risk, Legal, Capital and Markets on transaction structuring and the assessment of pricing, profitability and capital usage.

Required profile

• Degree in Business Administration, Economics, Engineering or a related discipline.
• Fluent English, written and spoken; fluent Spanish is highly valued.
• Previous experience in Fund Finance, Structured Finance, credit analysis, M&A, Private Equity or related investment banking roles (preferred).
• Postgraduate studies such as an MSc in Finance or MBA (a plus).

Required skills

• Advanced Excel and clear, accurate PowerPoint presentations.
• Sound understanding of financial accounting and financial statements.
• Ability to build and interpret financial and cash flow analyses in Excel.
• Problem-solving, attention to detail, analytical skills and clear written and verbal communication.

What we offer

• Hybrid working model with flexible hours.
• Competitive salary with performance-based bonuses.
• Preferential banking terms, life insurance and wellness programmes.
• Childcare support, employee family advisory services and employee discounts.