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SVB - Vice President I, Sponsor Finance - Healthcare Services and Healthcare IT

Employer
First Citizens Bank
Location
Boston, USA
Salary
Competitive
Closing date
Jul 24, 2024

View more

Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Overview

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.

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.

Silicon Valley Bank's Leveraged Finance & Sponsor Coverage team provides creative debt solutions to support private equity investments focused on Healthcare Services and Healthcare IT. Primary responsibilities include portfolio management, leading due diligence, underwriting, and execution of debt transactions, 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
  • Manage 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 statistics

External Responsibilities
  • Participate on calls with Sponsors and maintain active dialogue with management teams at portfolio companies.

Skills
  • Strong understanding of financial accounting with deep financial modeling experience.
  • Highly proficient at research and identifying trends and anomalies.
  • Extremely adept at understanding and interpreting client requests.
  • 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
  • Proficient in Microsoft Excel, Word, and PowerPoint.
  • Ability to effectively articulate, both verbally and in writing, reasoning in internal and external situations.

For Boston and New York, the base pay for this position is relative to your experience but the range is generally $131,840 to $197,760 per year. First Citizens offers a competitive benefits program which you can review here: https://jobs.firstcitizens.com/benefits.

Qualifications

Basic Qualifications
  • Bachelor's degree with 4+ years of experience in either a leveraged finance, investment banking, or 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.
  • Experience with Healthcare Services and Healthcare IT clients.

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 Denver, Boston, or New York offices.

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