Associate I, Credit Solutions - Fintech, Innovation Banking

First Citizens Innovation Banking; Chicago (IL); Hybrid; USD 79,000 - 105,000; Full time

Job summary

First Citizens Innovation Bank in Chicago is seeking a Credit Solutions professional for Accelerator & Growth. This hybrid role combines in-office collaboration with remote work for fintech clients nationwide.

You will lead credit analysis and underwriting, monitor portfolios, and assist with documentation, covenant compliance, and client meetings. A background in commercial banking and financial statement analysis is preferred.

Qualifications

• Bachelor's Degree and 1 year of experience in Credit analysis and accounting.
• High School Diploma/GED and 5 years of experience in Credit analysis and accounting.
• 2+ years of credit analysis and accounting experience preferred in commercial banking.

Responsibilities

• Credit Analysis and Underwriting: spread financial statements and analyze financial data.
• Portfolio Management and Monitoring: monitor existing credit relationships and performance.
• Documentation and Compliance: maintain credit files and covenant reports.
• Client Relationship Support: assist in client meetings and inquiries.

Skills

Credit analysis

Accounting

Education

Bachelor's Degree

High School Diploma

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.

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

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.

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

• 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.

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