Warehouse Lending Associate I Job in New York | Yulys
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Job Title: Warehouse Lending Associate I

Company Name: First Citizens Bank
Salary: USD 33.00
-
USD 50.00
Job Industry: Warehousing
Job Type: Full time
WorkPlace Type: On-Site
Location: New York, New York, United States
Required Candidates: 1 Candidates
Job Description:

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

 

About the Role:

 

The Warehouse Lending (“WHL”) practice is responsible for originating, executing, and managing limited recourse asset backed lending facilities for SVB’s specialty finance clients. An Associate in WHL assists in executing transactions, building cash flow models and conducting due diligence, and manages the transaction booking, funding and repayment, and portfolio review processes post-close. Associates take the lead in liaising between WHL and internal operations, and in developing trainees in the Associate Development Program.

 

Responsibilities

 

  • Support analyzing amendment and waiver requests, assisting with monitoring credit approval renewals, booking changes to existing transactions and responding to internal and external audits.
  • Work with operations, deal team and clients to ensure draws, payments, and monthly reporting on facilities are done in an accurate and timely fashion.
  • For existing deals, support deal leads in the internal credit process conducting analysis and research, preparing credit memorandums, and managing communications with credit, middle office and operations teams.
  • Build and iterate on robust cash flow models for warehouse transactions.
  • Support all aspects of transaction execution, including due diligence and coordinating processes with clients, other lenders and internal partners.

 

The base pay for this position is relative to your experience but the range is generally from $70,246.00 to $105,370.00 per year. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive benefits program which you can review here: https://jobs.firstcitizens.com/benefits

 

#SVB

 

Qualifications

 

Qualifications:

 

  • Bachelor’s degree or 1 year of relevant experience

 

Preferred Qualifications

 

  • Experience and/or interest in the securitization / structured products markets
  • Experience in tech banking, investment banking, capital markets and/or corporate finance
  • Experience in financial modeling with a strong desire to deepen this expertise
  • Strong writing and communication skills
  • Ability to work independently with a strong attention to detail

 

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