Associate I, Credit Solutions - Fintech, Innovation Banking

First Citizens; Chicago (IL); On-site; USD 79,000 - 105,000; Full time

Job summary

First Citizens Innovation Bank is seeking a Credit Solutions professional for a hybrid role based in Chicago. You will lead credit analysis, underwriting, and portfolio monitoring to ensure credit quality and profitability.

The team focuses on regulated financial services across Lending, Real Estate, Capital Markets, Payments, and related areas. Base pay ranges from $78,750 to $105,000 with potential incentives.

Qualifications

• Bachelor's Degree and 1 year of experience in Credit analysis and accounting OR High School Diploma or GED and 5 years of experience in Credit analysis and accounting.
• Preferred: at least 2 years of credit analysis and accounting experience, ideally commercial banking.
• Base pay range noted for Chicago; total compensation may include incentives and benefits.

Responsibilities

• Credit Analysis and Underwriting - preside over spreading of financial statements and analyze data.
• Portfolio Management and Monitoring - monitor existing credit relationships and prepare risk assessments.
• Documentation and Compliance - maintain credit files and gather documents for applications/renewals.
• Client Relationship Support - assist in client information gathering and meetings preparation.

Skills

Credit analysis

Accounting

Financial documentation

Education

Bachelor's degree

High School Diploma or GED

Job description

Overview

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of the Chicago office.

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. Find out more at First Citizens Innovation Banking.

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.

Responsibilities & Qualifications

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.

• Credit Analysis and Underwriting - 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


• Portfolio Management and Monitoring - 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.


• Documentation and Compliance - 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.


• Client Relationship Support - 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.

Basic Qualifications:

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

Preferred Education and Experience

• At least 2 years of credit analysis and accounting experience, ideally commercial banking


• Bachelor’s degree

Additional Information

If hired in Chicago, the base pay for this position is generally between $78,750-$105,000. 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.