Overview
This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.
About us
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.
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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, venture capital 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 at svb.com.
Responsibilities
Silicon Valley Bank's Leveraged Finance & Sponsor Coverage team provides creative debt solutions to support private equity investments in the technology sector. Primary responsibilities include leading due diligence, underwriting, and execution of debt transactions with a secondary focus on portfolio management and private equity coverage. The ideal candidate will have a background in underwriting and executing transactions for Sponsor backed transactions in a deadline driven, fast-paced environment.
Essential Functions
Underwriting
- Manage debt underwriting process (lead due diligence, prepare credit memo for internal approval, document negotiation, and loan closing process) for new platforms and follow-on transactions.
- Lead due diligence process including in-depth review and analysis of Company/Sponsor prepared diligence materials, historical financials, management presentations, CIMs, etc.; Review 3rd party materials including Quality of Earnings & Recurring Revenue Valuation Reports; Assist Associates with generating diligence request lists to drive underwriting process.
- Provide analysis and independent judgment to generate recommendations to Directors/MDs.
- Review detailed internal financial model prepared by Associates to ensure accuracy and understanding of Sponsor's financial projections, including downside scenarios.
- Oversee compilation of loan approval packages.
- Present opportunities to loan committee.
- Serve as primary point of contact and provide ongoing client support for assigned portfolio.
- Ensure timely and accurate reporting along with completion of all internal portfolio management reporting requirements and ad-hoc analysis.
- Coordinate with the appropriate internal personnel to provide clients with the entire SVB solution.
- Manage amendment/M&A processes for existing portfolio companies.
- Research and analyze information as directed including updating and maintaining portfolio analytics and credit statistics
- Participate on calls with Sponsors and maintain active dialogue with management teams at portfolio companies.
Qualifications
Skills
- Highly proficient at research and identifying trends and anomalies.
- Extremely adept at understanding and interpreting client requests.
- Strong understanding of financial accounting with financial modeling experience.
- Highly Organized with strong attention to detail.
- Proven ability to develop strong positive relationships with external clients and internal partners.
- Excellent communication skills, capable of explaining information in a clear and concise manner and adapting delivery depending on the audience.
- Professional, thorough, and organized with strong follow-up skills.
- Excels in a team environment and proactively collaborates with team members.
- Demonstrates initiative, a commitment to continuous learning, and the ability to adapt to changing demands and requirements.
- Responds positively to constructive feedback.
- Relationship Building
- Intuitiveness
- Analytical Ability/Fluency with numbers
- Critical thinking
- Strong time management
- Prioritization
- Driven/Self-Motivated
- Collaborative
- Accountability
- Bachelor's degree with 4+ years of experience in either a leveraged finance, investment banking, or technology commercial finance role OR High School diploma or GEO with 8+ years of equivalent related experience.
- Strong credit analysis and accounting skills.
- MBA preferred but not required.
- Formal credit training program preferred.
Moderate travel is expected including for management meetings, client events, trainings, or bank meetings.
Location
This position is a hybrid of remote work and in-office at either SVB's Santa Monica, CA; or Denver, CO office.
This job posting is expected to remain active for 45 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.
In CA, the base pay for this position is generally between $131,840 to $ 197,760 per year. In Denver, the base pay for this position is generally between $112,064 to $168,096 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.