Associate II at Silicon Valley Bank

Posted in General Business 6 days ago.

Type: Full-Time
Location: Boston, Massachusetts





Job Description:

BE PART OF A BANK LIKE NO OTHER.

When you work with the world's most innovative companies, you know you're making a difference.

Our clients are the game changers, leaders and investors who fuel the global innovation economy. They're the businesses behind the next medical breakthroughs. And the visionaries whose new technologies could transform the way people live and work.

They come to SVB for our expertise, deep network and 30+ years of experience in the industries we serve, and to partner with diverse teams of passionate, enterprising SVBers, dedicated to an inclusive approach to helping them grow and succeed at every stage of their business.

Join us at SVB and be part of bringing our clients' world-changing ideas to life. At SVB, we have the opportunity to grow and collectively make an impact by supporting the innovative clients and communities SVB serves. We pride ourselves in having both a diverse client roster and an equally diverse and inclusive organization. And we work diligently to encourage all with different ways of thinking, different ways of working, and especially those traditionally underrepresented in technology and financial services, to apply.

Job Description
Summary/Objective

Corporate Banking Credit Solutions focuses on late stage companies within SVB's portfolio of businesses. Primary responsibilities will include underwriting / executing debt transactions and portfolio management. The ideal candidate will be able to take on increasing deal execution responsibilities while assisting senior deal team members in all aspects of the deal process. The team provides creative late stage and leveraged capital solutions to Corporate Banking clients in the technology sector.

Essential Functions

Underwriting; Process Management

•Debt process management - manage with VP guidance corporate and leveraged transaction processes from new opportunity introduction from Director/MD to loan closing;

•Due Diligence - review target company provided / publicly available materials, including historical financials, management presentations, CIMs, and 3rd party materials; assist with generating diligence request lists to cover questions arising from review of materials while identifying gaps in provided information;

•Credit Memorandums - create credit memorandums to drive credit approval for new opportunities;

•Prepare financial models accurately based off of company projections;

•Prepare loan packages for approvals, including utilization of existing bank systems;

•Assist in document negotiation;

•Utilizes analysis and independent judgment to generate recommendations to Directors/MDs;

•Assist coordination / execution with Syndications and Relationship Management partners;

•Oversee the loan closing process.

Reporting/Portfolio Management

•Act as lending liaison for portfolio companies with guidance from VP;

•Ensure timely and accurate reporting from portfolio companies;

•Assist any amendment/M&A processes for portfolio companies;

•Research and analyze information as directed;

•Oversee portfolio database as well as quarter portfolio review/analysis.

External / Other Responsibilities

•Coordination with RM partners to develop materials required to evaluate, pitch and execute debt opportunities;

•Participation on diligence calls with prospects and portfolio companies. Takes notes on material updates and opportunities;

•Mentor and train ADP.

Decisions

•Utilizes moderate decision making and independent judgement in negotiations and building relationships. Influences and drive decisions.

•Exercises judgment and authority prudently and with proper balance for the best interests of the clients and SVB.

Recommendations

•Recommends changes/actions related to portfolio and risk management of the existing portfolio with guidance from senior team members.

Knowledge

•Beginning knowledge of late stage lending & leveraged finance, with the ability to collaborate on the legal doc negotiation and assist on the loan closing process.

•Ability to track and manage the portfolio to maintain covenant and credit policy compliance.

Skills

•Work highly proficient at researching information and gathering pertinent items to identify trends / anomalies.

•Extremely adept at understanding and interpreting requests.

•Strong understanding of financial accounting with financial modeling experience.

•Strong organization and attention to details ensuring all documentation is complete and accurate.

•Proven ability / highly skilled at developing strong positive relationships with external clients / internal partners.

•Excellent communication skills capable of explaining information in a clear and concise manner and 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 proactively collaborates and acts as a leader with others to serve 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.

Competencies

•Intuitiveness

•Analytical Ability/Fluency with Numbers

•Critical thinking

•Time management

•Prioritization

•Driven/Self-Motivated

•Collaborative

•Accountability

For more than 35 years, SVB Financial Group (NASDAQ: SIVB) and its subsidiaries have helped innovative companies and their investors move bold ideas forward, fast. SVB Financial Group's businesses, including Silicon Valley Bank, offer commercial and private banking, asset management, private wealth management, brokerage and investment services and funds management services to companies in the technology, life science and healthcare, private equity and venture capital, and premium wine industries. Headquartered in Santa Clara, California, SVB Financial Group operates in centers of innovation around the world. Learn more at svb.com.

SVB Financial Group is an equal opportunity employer.

At SVB, we have the opportunity to grow and collectively make an impact by supporting the innovative clients and communities SVB serves. We pride ourselves in having both a diverse client roster and an equally diverse and inclusive organization. And we work diligently to encourage all with different ways of thinking, different ways of working, and especially those traditionally underrepresented in technology and financial services, to apply.

© 2021 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: SIVB).

Silicon Valley Bank is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK under No. FC029579. Silicon Valley Bank is authorised and regulated by the California Department of Business Oversight and the United States Federal Reserve Bank; authorised by the Prudential Regulation Authority with number 577295; and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.