SVB - Commercial Banking Associate II Sponsor Finance

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.

Silicon Valley Bank (SVB), a division of First-Citizens Bank, is the bank of some of the world's most innovative companies and investors. SVB provides commercial banking to individuals and companies in the technology, life science and healthcare, private equity, and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. Learn more atsvb.com.

Primary responsibilities include underwriting and executing new transactions as well as portfolio management. The team provides creative leveraged capital solutions to private equity clients in support of their investments in the technology sector.

Essential Functions

Underwriting

• Financial Modeling - generates projection models based on financial sponsor or internal assumptions with substantial analysis of historical financials.
• Due Diligence - review target company and sponsor provided materials including historical financials, management presentations, CIMs, etc.; review 3rd party materials including Quality of Earnings & Recurring Revenue Reports; generate diligence request lists to cover questions arising from review of materials while identifying gaps in provided information.
• Prepare loan packages for approvals including utilization of SVB's systems.
• Utilizes analysis and independent judgment to generate recommendations to VP/Directors.
• Assist with driving internal deal approval process alongside VP/Director.

Portfolio Management

• Ensure timely and accurate reporting from portfolio companies.
• Manage/create credit files for internal compliance, Fed reviews, and internal reporting.
• Prepare documents and presentations for quarterly portfolio reviews and ad hoc internal reviews.
• Research and analyze information as directed including updating and maintaining portfolio analytics and credit statistics.

External Responsibilities

• Participate on calls with Sponsor and management teams at portfolio companies.

Required Skills

• Highly proficient at researching information and identifying trends and anomalies.
• Extremely adept at understanding and interpreting requests.
• Strong understanding of financial accounting with financial modeling experience.
• Highly organized with strong attention to detail.
• Highly skilled at developing strong, positive relationships with external clients and internal partners.
• Excellent communication skills capable of explaining information in a clear and concise manner while adapting delivery depending on the audience and influencing decisions in the best interest of the client.
• Professional, thorough, and organized with strong follow-up skills.
• Excels in a team environment and very proactive in responding to clients.
• Demonstrates initiative, a commitment to continuous learning, and the ability to adapt to changing demands and requirements.
• Responds positively and quickly to constructive feedback.

Bachelor's degree and 1 year of strong credit analysis and accounting skills or HS Diploma or GED with 5 years of strong credit analysis and accounting skills

Preferred Qualifications

• 2 or more years' experience in either a leveraged finance, investment banking, or commercial finance role.
• Formal credit training program preferred.

For New York, the base pay for this position is generally between $112,875 - $150,500. 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.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.