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SVB -Vice President I, Sponsor Finance - Technology
SVB -Vice President I, Sponsor Finance - Technology-September 2024
Santa Monica
Sep 21, 2024
ABOUT FIRST CITIZENS BANK
First Citizens Bank is a full-service financial institution with nearly 550 locations nationwide.
10,000+ employees
Financial Services
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About SVB -Vice President I, Sponsor Finance - Technology

  Overview

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

  First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.

  SVB: 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 nearly forty 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.

  Responsibilities

  Essential Functions

  UnderwritingManage debt underwriting process (lead due diligence, prepare credit memo for internal approval, document negotiation, and loan closing process) for new platforms and follow-on transactions.Lead due diligence process including in-depth review and analysis of Company/Sponsor prepared diligence materials, historical financials, management presentations, CIMs, etc.; Review 3rd party materials including Quality of Earnings & Recurring Revenue Valuation Reports; Assist Associates with generating diligence request lists to drive underwriting process.Provide analysis and independent judgment to generate recommendations to Directors/MDs.Review detailed internal financial model prepared by Associates to ensure accuracy and understanding of Sponsor's financial projections, including downside scenarios.Oversee compilation of loan approval packages.Present opportunities to loan committee.Portfolio Management

  Serve as primary point of contact and provide ongoing client support for assigned portfolio.Ensure timely and accurate reporting along with completion of all internal portfolio management reporting requirements and ad-hoc analysis.Coordinate with the appropriate internal personnel to provide clients with the entire SVB solution.Manage amendment/M&A processes for existing portfolio companies.Research and analyze information as directed including updating and maintaining portfolio analytics and credit statisticsExternal Responsibilities

  Participate on calls with Sponsors and maintain active dialogue with management teams at portfolio companies.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, and execution of debt transactions with a secondary focus on portfolio management and 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.

  In Santa Monica, the base pay for this position is relative to your experience but the range is generally $131,840 to $ 197,760 per year. For Denver, the base pay for this position is relative to your experience but the range is generally $112,064 to $168,096 per year. First Citizens offers a competitive benefits program which you can review here: https://jobs.firstcitizens.com/benefits.

  Qualifications

  Skills

  Highly proficient at research and identifying trends and anomalies.Extremely adept at understanding and interpreting client requests.Strong understanding of financial accounting with financial modeling experience.Highly Organized with strong attention to detail.Proven ability to develop 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.Professional, thorough, and organized with strong follow-up skills.Excels in a team environment and proactively collaborates with team members.Demonstrates initiative, a commitment to continuous learning, and the ability to adapt to changing demands and requirements.Responds positively to constructive feedback.Competencies

  Relationship BuildingIntuitivenessAnalytical Ability/Fluency with numbersCritical thinkingStrong time managementPrioritizationDriven/Self-MotivatedCollaborativeAccountabilityBasic Qualifications

  Bachelor's degree with 4+ years of experience in either a leveraged finance, investment banking, or technology commercial finance role OR High School diploma or GEO with 8+ years of equivalent related experience.Preferred Qualifications

  Strong credit analysis and accounting skills.MBA preferred but not required.Formal credit training program preferred. Travel

  Moderate travel is expected including for management meetings, client events, trainings, or bank meetings.

  Location

  This position is a hybrid of remote work and in-office at either SVB's Santa Monica, CA; or Denver, CO office.

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