Job Description
Overview
This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.
Together, Silicon Valley Bank and First Citizens offer you the strength and stability of a diversified financial institution with a 125-year tradition of service and the personalized approach of a nimble financial partner.
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.
Responsibilities
The role focuses on seed stage/pre-series A startups within SVB’s portfolio of technology/healthcare businesses and manages lending/credit working with clients, investors, and the Relationship Management Team for the delivery of credit solutions.
The Credit Solutions group manages lending/credit for a wide range of credit relationships. Leads the due diligence process and deal structuring process. Partners with the Relationship Management Team for the delivery and negotiation of credit solutions. Owns the underwriting, approval and closing process. Responsible for proactive portfolio management, including maintaining credit quality and profitability targets. Remains abreast of market, sector and competitive trends. Engages and builds relationships with key client stakeholders to remain well-informed, and able to respond to changing circumstances while appropriately balancing client and SVB needs. Develops and delivers insights and points of view on loan types and credit/performance trends in sectors/sub-sectors.
Conducts due diligence on new opportunities. Aids in Underwriting for new loans, renewals, and credit actions related to modifications or changing risk. Supports overall lending process on new deals and modifications to existing deals, from underwriting through documentation and closing. Reviews internal and external information and communicates with internal clients regarding our clients' compliance status, changing level of risk and broader trends in portfolio. Utilizes critical thinking skills in supporting VP’s and Directors/MD’s on actions pertaining to pipeline and portfolio management. Helps to complete underwriting and portfolio management with practices that meet SVB policies/procedures in terms of timeliness, completeness, consistency and accuracy.
Primary Duties
• Underwriting, including diligence on information, support in structuring the deal, overall credit approval package preparation and closing (documentation and booking).
• Support proactive portfolio management by reviewing financial and other information (both externally and internally prepared) to properly assess client situations and risk. Participate in client meetings as appropriate to gather and understand information to be able to effectively communicate it to key stakeholders. Ensure proper documentation of our findings and recommended actions through Action Plans, CRR updates, Variances, reporting to partners in Relationship Banking and Credit Administration, and other parts of the bank as needed.
• Ongoing client support associated with the loan-focused needs of the client, including communicating with internal partners and delivering for clients.
• Provide information in support of the development of loan type / business model / sector focused insights. Deliver on responsibilities with increasing scale and efficiency, participating in initiatives designed to drive further consistency and scale where appropriate.
Qualifications
Bachelor’s degree and 2 years of experience in accounting, finance, or banking Or high school diploma or GED with 5 years of experience in accounting, finance or banking.
Preferred Qualifications
• Credit analysis and accounting experience
• Finance and Accounting degree
• Strong communication and business writing skills
• Enjoys working in a fast-paced team environment
• High degree of emotional intelligence and self-awareness
• Experience with Microsoft Office, with an emphasis on Word and Excel
• Interest and/or experience in the innovation economy
The base pay for this position is generally between $85,3+7 – $128,0+5 per year. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.
First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits
This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.
Together, Silicon Valley Bank and First Citizens offer you the strength and stability of a diversified financial institution with a 125-year tradition of service and the personalized approach of a nimble financial partner.
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.
Responsibilities
The role focuses on seed stage/pre-series A startups within SVB’s portfolio of technology/healthcare businesses and manages lending/credit working with clients, investors, and the Relationship Management Team for the delivery of credit solutions.
The Credit Solutions group manages lending/credit for a wide range of credit relationships. Leads the due diligence process and deal structuring process. Partners with the Relationship Management Team for the delivery and negotiation of credit solutions. Owns the underwriting, approval and closing process. Responsible for proactive portfolio management, including maintaining credit quality and profitability targets. Remains abreast of market, sector and competitive trends. Engages and builds relationships with key client stakeholders to remain well-informed, and able to respond to changing circumstances while appropriately balancing client and SVB needs. Develops and delivers insights and points of view on loan types and credit/performance trends in sectors/sub-sectors.
Conducts due diligence on new opportunities. Aids in Underwriting for new loans, renewals, and credit actions related to modifications or changing risk. Supports overall lending process on new deals and modifications to existing deals, from underwriting through documentation and closing. Reviews internal and external information and communicates with internal clients regarding our clients' compliance status, changing level of risk and broader trends in portfolio. Utilizes critical thinking skills in supporting VP’s and Directors/MD’s on actions pertaining to pipeline and portfolio management. Helps to complete underwriting and portfolio management with practices that meet SVB policies/procedures in terms of timeliness, completeness, consistency and accuracy.
Primary Duties
• Underwriting, including diligence on information, support in structuring the deal, overall credit approval package preparation and closing (documentation and booking).
• Support proactive portfolio management by reviewing financial and other information (both externally and internally prepared) to properly assess client situations and risk. Participate in client meetings as appropriate to gather and understand information to be able to effectively communicate it to key stakeholders. Ensure proper documentation of our findings and recommended actions through Action Plans, CRR updates, Variances, reporting to partners in Relationship Banking and Credit Administration, and other parts of the bank as needed.
• Ongoing client support associated with the loan-focused needs of the client, including communicating with internal partners and delivering for clients.
• Provide information in support of the development of loan type / business model / sector focused insights. Deliver on responsibilities with increasing scale and efficiency, participating in initiatives designed to drive further consistency and scale where appropriate.
Qualifications
Bachelor’s degree and 2 years of experience in accounting, finance, or banking Or high school diploma or GED with 5 years of experience in accounting, finance or banking.
Preferred Qualifications
• Credit analysis and accounting experience
• Finance and Accounting degree
• Strong communication and business writing skills
• Enjoys working in a fast-paced team environment
• High degree of emotional intelligence and self-awareness
• Experience with Microsoft Office, with an emphasis on Word and Excel
• Interest and/or experience in the innovation economy
The base pay for this position is generally between $85,3+7 – $128,0+5 per year. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.
First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits
💡 Quick Summary
Seeking a career-building opportunity? The SVB | Associate II| Seed|Pre|Series A Credit Solutions | Hybrid position is now open for candidates interested in the Bank Jobs sector. This role in New York City offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
