Associate, Debt Finance

Since launching in 2015, we’ve provided over £12 billion in funding to ambitious entrepreneurs across the UK. This has contributed to the creation of more than 40,000 new jobs and over 29,000 new homes — and we’re just getting started. We're committed to helping innovative businesses flourish, with our Debt Finance team at the heart of our continued growth.

This is an exciting opportunity to join a dynamic, fast-growing bank known for challenging the status quo. We’re not looking for just another cog in the wheel — we want bold thinkers and proactive self-starters who are eager to shape their own careers and support the UK’s most driven business leaders.

As an Associate in Debt Finance, you'll play a key role in supporting Directors throughout the entire transaction lifecycle — from origination to execution — ensuring every deal is successfully delivered and expertly managed.

Principal Responsibilities:

• Work as part of a team on the execution of corporate finance trading business transactions and real estate deals.
• Support the Debt Finance Team to maintain the CRM including new leads through to closed deals.
• Assist in the preparation of deal specific credit memoranda for transaction recommendations to credit committees and other relevant lines of approval; go to external meetings (with senior bankers) and contribute to the discussions.
• Assist in building complex dynamic financial models to analyse investment opportunities (reviewing debt structures, relevant debt underwriting parameters and specific assets using financial models and a variety of quantitative analytical tools to test assumptions and sensitivities).
• Undertake fundamental research analysis using a variety of data sources; undertake company and transaction specific analysis and valuations.
• Participate in third party meetings where you could potentially contribute to drive the business forward - analysing proposed budgets, capital plans and other investment recommendations.
• Work across a multi-disciplinary team to support on closing the funding of deals, including Credit and Transaction Execution.

What makes a successful Associate, Debt Finance:

• A Bachelors degree with specialisation in Finance, Accountancy, Economics or equivalent from a top recognised university.
• At least 5 years experience in a similar role.
• Determined attitude to liaise and work with multiple external teams to complete transactions.
• Drive to achieve a common goal (lend money, help businesses, and earn interest / fees!).
• Clear thinker with research and analytical abilities; capacity to learn quickly.
• Strong interpersonal and communication skills (written as well as verbal).
• Resourceful problem solver with a focus on delivery (ability to multitask is also crucial).
• Ability to thrive in an unstructured environment where you can create your own opportunities.

Benefits & Perks:

• Equity. We want people to have a stake in the business so that all our interests are aligned.
• 25 days holiday.
• Personalized benefits – opt-in to what matters to you.
• Subsidised Private Medical Insurance with Bupa.
• Enhanced maternity and paternity leave.
• Wellbeing and social events.
• Support causes that matter to you – Volunteering time off.
• Salary sacrifice schemes (Cycle to work, nursery, gym, electric car scheme).

About Us

We’re OakNorth Bank and we embolden entrepreneurs to realise their ambitions, understand their markets, and apply data intelligence to everyday decisions to scale successfully at pace.

Banking should be barrier-free. It’s a belief at our very core, inspired by our entrepreneurial spirit, driven by the unmet financial needs of millions, and delivered by our data-driven tools.

And for those who love helping businesses thrive? Our savings accounts help diversify the high street and create new jobs, all while earning savers some of the highest interest on the market.

But we go beyond finance, to empower our people, encourage professional growth and create an environment where everyone can thrive. We strive to create an inclusive and diverse workplace where people can be themselves and succeed.

Our story

OakNorth Bank was built on the foundations of frustrations with old-school banking. In 2005, when our founders tried to get capital for their data analytics company, the computer said ‘no’. Unfortunately, all major banks in the UK were using the same computer – and it was broken.

Why was it so difficult for a profitable business with impressive cashflow, retained clients, and clear commercial success to get a loan?

The industry was backward-looking and too focused on historic financials, rather than future potential.

So, what if there was a bank, founded by entrepreneurs, for entrepreneurs? One that offered a dramatically better borrowing experience for businesses?

No more what ifs, OakNorth Bank exists.

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