Associate I, Credit Solutions - Fintech, Innovation Banking

First Citizens Bank•Chicago, IL

1d•Hybrid

About The Position

At First Citizens Innovation Bank, formerly Silicon Valley Bank, you’ll do more than support innovative companies, you’ll help shape their success. With more than 40 years of experience serving the innovation economy, our teams work closely with clients across technology, life sciences, healthcare, venture capital, private equity, and other innovation-driven sectors providing specialized banking solutions, industry insights, and meaningful connections that help businesses scale and thrive. We combine deep expertise, lasting relationships and meaningful opportunities to help our clients, communities and associates move forward together. 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 and engages in the structuring and delivery of new deals. Underwrites 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 information and communicates on 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 both recommendations and actions pertaining to pipeline and portfolio management. Completes underwriting and portfolio management with practices that meet SVB policies/procedures in terms of timeliness, completeness, consistency, and accuracy. Handles client needs by interacting with appropriate internal and external stakeholders. Develops expertise in SVB’s loan types and markets. Fintech at First Citizens Innovation Bank Fintech is a unique and specialized practice which focuses on providing a holistic set of products and services to power VC-backed Fintech companies. The 50+ person group covers the entire country and provides clients with banking, corporate debt, Warehouse facilities, Embedded Payment solutions, and more. The team additionally works cross functionally with Payments, Relationship Advisors, Compliance, and Risk partners across the bank to manage the complex nature of financial services companies. The team particularly focuses on regulated financial services companies across Lending, Real Estate, Capital Markets, Payments, NeoBanks, Wealth Management, Insurance, and Crypto. Fintech Credit Solutions – Accelerator & Growth The Fintech Credit Solutions team manages corporate lending (non-SPV) and payments exposures across the country. The team is split into an early-stage practice (Seed through ~Series D) and a late-stage practice focused on companies that have achieved material scale (~Series D through post-IPO). Fintech Accelerator and Growth provides several types of facilities including lines of credit and term loans, though is primarily focused on Venture Debt (early-stage Growth Capital Term Loans through Mezzanine facilities). The group also provides ACH and payments facilities for high volume originators.

Requirements

Bachelor's Degree and 1 year of experience in Credit analysis and accounting experience OR High School Diploma or GED and 5 years of experience in Credit analysis and accounting experience

Nice To Haves

At least 2 years of credit analysis and accounting experience, ideally commercial banking
Bachelor’s degree

Responsibilities

Preside over spreading of financial statements and analyzing financial data.
Support the underwriting process by gathering and organizing relevant information.
Help prepare credit memos and other underwriting documents.
Participate in the assessment of credit risk and loan structuring.
Assist in monitoring existing credit relationships for compliance and performance.
Help prepare regular portfolio reviews and risk assessments.
Support the team in identifying potential issues within the portfolio.
Contribute to the preparation of management reports on portfolio performance.
Assist in preparing and maintaining credit files.
Support the team in ensuring compliance with internal policies and regulatory requirements.
Help gather and organize documentation for credit applications and renewals.
Contribute to the preparation of covenant compliance reports.
Assist in gathering client information and responding to basic client inquiries.
Support team in preparing for client meetings.
Help coordinate internal resources to address client needs.
Contribute to the maintenance of client relationships through timely and accurate communication.