SVB - Relationship Manager II Sponsor Finance

Overview

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of our Boston or New York office. In-office attendance is expected at least 2-3 times per week.

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.

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 and private 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.

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, execution of debt transactions, and portfolio management with a secondary focus on 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.

Responsibilities

Underwriting, executing, monitoring, and negotiating transactions with a secondary focus on sponsor coverage. The ideal candidate will be able to execute transactions from initial data receipt to document negotiation and loan closing with assistance from associates and limited guidance from Directors/MDs. The team provides creative leveraged capital solutions to private equity clients in support of their investments in the technology sector.

Essential Functions

• Underwriting; Process Management
• Debt process management – manage leveraged transaction processes from new opportunity introduction from Director/MD to loan closing;
• Due Diligence – review target company and sponsor provided materials including historical financials, management presentations, CIMs, etc.; review 3rd party materials including Quality of Earnings Reports; assist associates 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;
• Financial Modeling – review financial models from associates to ensure accuracy with financial sponsor projections;
• Present new opportunities to loan committee;
• Prepare loan packages for approvals including utilization of existing bank systems;\
• Utilizes analysis and independent judgment to generate recommendations to Directors/MDs.
• Reporting/Portfolio Management
• Act as primary liaison for portfolio companies;
• Coordinate with the appropriate internal personnel for banking product opportunities;
• Work with associates to ensure timely and accurate reporting from portfolio companies;
• Manage any amendment/M&A processes for portfolio companies;
• Researches and analyzes information as directed including updating and maintaining portfolio analytics and credit statistics

Skills

• Highly proficient at researching information and gathering pertinent items to identify trends and 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 and highly skilled at developing 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, 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.

Qualifications

Bachelor’s degree and 4 years of technology leveraged finance, investment banking, or commercial finance experience HS Diploma or GED with 8 years of technology leveraged finance, investment banking, or commercial finance role

Preferred Qualifications

• 6 or more years’ experience in either a leveraged finance, investment banking, or commercial finance role.
• Formal credit training program preferred.
• Focus on software companies.

For Boston, the base pay for this position is generally between $167,450 - $226,550. For New York, the base pay for this position is generally between $174,760 - $236,440. 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 benefits.

Underwriting, executing, monitoring, and negotiating transactions with a secondary focus on sponsor coverage. The ideal candidate will be able to execute transactions from initial data receipt to document negotiation and loan closing with assistance from associates and limited guidance from Directors/MDs. The team provides creative leveraged capital solutions to private equity clients in support of their investments in the technology sector.

Essential Functions

• Underwriting; Process Management
• Debt process management – manage leveraged transaction processes from new opportunity introduction from Director/MD to loan closing;
• Due Diligence – review target company and sponsor provided materials including historical financials, management presentations, CIMs, etc.; review 3rd party materials including Quality of Earnings Reports; assist associates 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;
• Financial Modeling – review financial models from associates to ensure accuracy with financial sponsor projections;
• Present new opportunities to loan committee;
• Prepare loan packages for approvals including utilization of existing bank systems;\
• Utilizes analysis and independent judgment to generate recommendations to Directors/MDs.
• Reporting/Portfolio Management
• Act as primary liaison for portfolio companies;
• Coordinate with the appropriate internal personnel for banking product opportunities;
• Work with associates to ensure timely and accurate reporting from portfolio companies;
• Manage any amendment/M&A processes for portfolio companies;
• Researches and analyzes information as directed including updating and maintaining portfolio analytics and credit statistics

Skills

• Highly proficient at researching information and gathering pertinent items to identify trends and 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 and highly skilled at developing 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, 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.

Bachelor’s degree and 4 years of technology leveraged finance, investment banking, or commercial finance experience HS Diploma or GED with 8 years of technology leveraged finance, investment banking, or commercial finance role

Preferred Qualifications

• 6 or more years’ experience in either a leveraged finance, investment banking, or commercial finance role.
• Formal credit training program preferred.
• Focus on software companies.

For Boston, the base pay for this position is generally between $167,450 - $226,550. For New York, the base pay for this position is generally between $174,760 - $236,440. 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 benefits.