Credit Associate, Fund & Sponsor Banking

Grasshopper Bank; Northern (KY); Hybrid; USD 100,000 - 140,000; Full time

Job summary

Grasshopper Bank is a remote-friendly, client-first digital bank focused on VC, PE, SBA lending and SMB banking. The team emphasizes diversity, integrity, and collaboration to support growth for a wide range of clients.

The Credit Associate, Fund & Sponsor Banking will serve as a credit specialist to drive loan growth, analyze client performance, and coordinate with the Grasshopper credit team. This role supports AI-based underwriting and requires strong analytical skills.

Qualifications

• Bachelor's degree in Accounting, Finance, or Economics or equivalent experience.
• At least 4 years of relevant banking experience.
• Experience analyzing Fund and Sponsor Banking deals; underwriting C&I credits.
• Ability to communicate clearly across all levels of staff and external contacts.
• Ability to multi-task in a fast-paced environment with tight deadlines.
• High regard for details and accuracy in every transaction.
• Proficiency with Word, Excel and PowerPoint.

Responsibilities

• Serve as the credit specialist to help drive loan growth across the bank's loan products.
• Lead review and analysis of prospective client performance and debt needs.
• Build strong relationships with borrowers, RMs, and clients.
• Monitor performance of existing borrowers and raise concerns as needed.
• Conduct financial analysis of credit and collateral with trend forecasting.
• Test covenants and risk assessments as needed.
• Input financial information in loan systems and produce management reports.
• Communicate with clients and leadership to resolve loan issues.
• Assist RMs with covenant reporting and payment collection.

Skills

Credit analysis

Financial modeling

Underwriting

Communication

Attention to detail

Adaptability

AI underwriting

Education

Bachelor's degree in Accounting, Finance, or Economics

Tools

Excel

Word

PowerPoint

Job description

Credit Associate, Fund & Sponsor Banking

Department: Credit

Employment Type: Full Time

Location: Remote

Description

Grasshopper Bank is a client-first, digital bank built for the business and innovation economy, with an obsession for providing leading-edge technology, solutions-driven products and superior service through a combination of passionate people and digital resources.

We are a highly experienced team who pride ourselves on diversity of thought and perspective. Nationally chartered, our portfolio of products and services range from VC, PE & Portfolio Companies to SBA Lending, as well as direct SMB and Embedded Banking.

Our entrepreneurial drive allows us to support the growth and success of a wide range of clients at every stage of their business through inclusive partnership. We seek out team members who will enable both our organization and our people to grow and thrive through collaboration and acting with integrity and respect.

Our focus on cross-functional teamwork provides a culture where ideas are valued, accountability is encouraged, and successes are celebrated. We welcome all those searching for the opportunity to contribute to banking innovation that influences and supports the emerging digital world of Financial Services.

Our digital first approach enables our teams the flexibility to work remotely. We have offices in NYC and Boston.

What you'll do:

• Serve as the credit specialist for the RMs to help drive loan growth across GHBs suite of loan products to help drive new business growth. This includes recommending appropriate credit structure to meet the borrower’s need while maintaining the Bank’s credit risk profile
• Lead the review and analysis of prospective client performance and debt needs and coordinate with Grasshopper credit team to assess credit strength of new debt opportunities
• Build strong working relationships with prospective borrowers, Relationship Managers, existing clients and other constituents both inside and outside the bank
• Responsible for monitoring the performance of existing borrowers and identifying deviations from agreed upon performance covenants. Utilize observations to proactively raise credit concerns to the Relationship Manager to mitigate credit risk where appropriate
• Conduct financial analysis of the credit and collateral for new and existing borrowers, with emphasis on historical trend analysis and financial forecasting
• Test financial covenants and other risk assessments based on the Loan & Security Agreement as needed
• Utilize bank loan systems to input financial information, prepare financial analysis and produce comprehensive management reports/summaries as required
• Communicate with clients, Relationship Managers, and bank leadership to resolve loan issues or questions
• Assist RMs in the collection of covenant reporting information and payment collection. The ultimate responsibility for obtaining financial disclosure and loan payment lies with the RM, since they own the relationship
• Candidate must be comfortable working with AI based underwriting and analysis software

What you need:

• Bachelor's degree in Accounting, Finance, or Economics or equivalent experience
• At least 4 years of relevant banking experience required
• Experience analyzing Fund and Sponsor Banking deals. The ideal candidate will also have experience underwriting C&I credits also
• Able to communicate clearly throughout the organization, to all levels of staff as well as external contacts, exhibiting superior interpersonal, verbal and written communication skills
• Ability to multi-task in a fast-paced environment with a demonstrated ability to meet tight deadlines, e.g. quick turnaround of credit requests
• High regard for all important details to assure accuracy in every transaction performed; detect errors; follow through on corrections and details
• Strong analytical skills and resourcefulness necessary to complete in-depth industry and market analyses; including ability to analyze financial statements (profit and loss, balance sheet, and cash flow statements)
• Ability to act independently without being prompted; handles problems when appropriate; able to problem solve to resolve issues in order to provide timely and professional service to both internal and external customers
• Expert knowledge in Word, Excel and PowerPoint