layiq

/la·yiq/adjective

worthy; deserving; fitting; suitable.

A role, opportunity, or path that merits attention, time, and pursuit.

LAYIQ - Associate I, Credit Solutions - Fintech, Innovation Banking at First Citizens Bank

Fintech at First Citizens Innovation Bank
Fintech is a unique and specialized practice which focuses on providing a holistic set of products and services to power VC-backed Fintech companies. The 50+ person group covers the entire country and provides clients with banking, corporate debt, Warehouse facilities, Embedded Payment solutions, and more. The team additionally works cross functionally with Payments, Relationship Advisors, Compliance, and Risk partners across the bank to manage the complex nature of financial services companies. The team particularly focuses on regulated financial services companies across Lending, Real Estate, Capital Markets, Payments, NeoBanks, Wealth Management, Insurance, and Crypto.
Fintech Credit Solutions – Accelerator & Growth
The Fintech Credit Solutions team manages corporate lending (non-SPV) and payments exposures across the country. The team is split into an early-stage practice (Seed through ~Series D) and a late-stage practice focused on companies that have achieved material scale (~Series D through post-IPO). Fintech Accelerator and Growth provides several types of facilities including lines of credit and term loans, though is primarily focused on Venture Debt (early-stage Growth Capital Term Loans through Mezzanine facilities). The group also provides ACH and payments facilities for high volume originators.
Credit Analysis and Underwriting - Preside over spreading of financial statements and analyzing financial data. Support the underwriting process by gathering and organizing relevant information. Help prepare credit memos and other underwriting documents. Participate in the assessment of credit risk and loan structuring
Portfolio Management and Monitoring - Assist in monitoring existing credit relationships for compliance and performance. Help prepare regular portfolio reviews and risk assessments. Support the team in identifying potential issues within the portfolio. Contribute to the preparation of management reports on portfolio performance.
Documentation and Compliance - Assist in preparing and maintaining credit files. Support the team in ensuring compliance with internal policies and regulatory requirements. Help gather and organize documentation for credit applications and renewals. Contribute to the preparation of covenant compliance reports.
Client Relationship Support - Assist in gathering client information and responding to basic client inquiries. Support team in preparing for client meetings. Help coordinate internal resources to address client needs. Contribute to the maintenance of client relationships through timely and accurate communication.
Basic Qualifications: Bachelor's Degree and 1 year of experience in Credit analysis and accounting experience OR High School Diploma or GED and 5 years of experience in Credit analysis and accounting experience
Preferred Education and Experience
At least 2 years of credit analysis and accounting experience, ideally commercial banking
Bachelor’s degree
Additional Information
If hired in Chicago, the base pay for this position is generally between $78,750-$105,000. 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 https://jobs.firstcitizens.com/benefits.
#hybrid

Fintech at First Citizens Innovation Bank
Fintech is a unique and specialized practice which focuses on providing a holistic set of products and services to power VC-backed Fintech companies. The 50+ person group covers the entire country and provides clients with banking, corporate debt, Warehouse facilities, Embedded Payment solutions, and more. The team additionally works cross functionally with Payments, Relationship Advisors, Compliance, and Risk partners across the bank to manage the complex nature of financial services companies. The team particularly focuses on regulated financial services companies across Lending, Real Estate, Capital Markets, Payments, NeoBanks, Wealth Management, Insurance, and Crypto.
Fintech Credit Solutions – Accelerator & Growth
The Fintech Credit Solutions team manages corporate lending (non-SPV) and payments exposures across the country. The team is split into an early-stage practice (Seed through ~Series D) and a late-stage practice focused on companies that have achieved material scale (~Series D through post-IPO). Fintech Accelerator and Growth provides several types of facilities including lines of credit and term loans, though is primarily focused on Venture Debt (early-stage Growth Capital Term Loans through Mezzanine facilities). The group also provides ACH and payments facilities for high volume originators.
Credit Analysis and Underwriting - Preside over spreading of financial statements and analyzing financial data. Support the underwriting process by gathering and organizing relevant information. Help prepare credit memos and other underwriting documents. Participate in the assessment of credit risk and loan structuring
Portfolio Management and Monitoring - Assist in monitoring existing credit relationships for compliance and performance. Help prepare regular portfolio reviews and risk assessments. Support the team in identifying potential issues within the portfolio. Contribute to the preparation of management reports on portfolio performance.
Documentation and Compliance - Assist in preparing and maintaining credit files. Support the team in ensuring compliance with internal policies and regulatory requirements. Help gather and organize documentation for credit applications and renewals. Contribute to the preparation of covenant compliance reports.
Client Relationship Support - Assist in gathering client information and responding to basic client inquiries. Support team in preparing for client meetings. Help coordinate internal resources to address client needs. Contribute to the maintenance of client relationships through timely and accurate communication.
Basic Qualifications: Bachelor's Degree and 1 year of experience in Credit analysis and accounting experience OR High School Diploma or GED and 5 years of experience in Credit analysis and accounting experience
Preferred Education and Experience
At least 2 years of credit analysis and accounting experience, ideally commercial banking
Bachelor’s degree

Associate I, Credit Solutions - Fintech, Innovation Banking

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