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Grasshopper Bank · 6 hours ago

VP, Lead Credit Associate

United States

Full-time

Remote

Senior Level, Lead/Staff

8+ years exp

Grasshopper Bank is a digital bank focused on the business and innovation economy, dedicated to providing leading-edge technology and superior service. The VP, Lead Credit Associate will serve as the credit specialist, driving loan growth and analyzing client performance while building strong relationships with borrowers and managing credit risks.

BankingFinanceFinancial ServicesFinTech

Responsibilities

Serve as the credit specialist for the RMs to help drive loan growth across GHBs suite of loan products to help drive new business growth. This includes recommending appropriate credit structure to meet the borrower’s need while maintaining the Bank’s credit risk profile

Lead the review and analysis of prospective client performance and debt needs and coordinate with Grasshopper credit team to assess credit strength of new debt opportunities

Build strong working relationships with prospective borrowers, Relationship Managers, existing clients and other constituents both inside and outside the bank

Responsible for monitoring the performance of existing borrowers and identifying deviations from agreed upon performance covenants. Utilize observations to proactively raise credit concerns to the Relationship Manager to mitigate credit risk where appropriate

Conduct financial analysis of the credit and collateral for new and existing borrowers, with emphasis on historical trend analysis and financial forecasting

Test financial covenants and other risk assessments based on the Loan & Security Agreement as needed

Utilize bank loan systems to input financial information, prepare financial analysis and produce comprehensive management reports/summaries as required

Communicate with clients, Relationship Managers, and bank leadership to resolve loan issues or questions

Assist RMs in the collection of covenant reporting information and payment collection. The ultimate responsibility for obtaining financial disclosure and loan payment lies with the RM, since they own the relationship

Candidate must be comfortable working with AI based underwriting and analysis software

Qualification

Credit analysisFinancial forecastingBank loan systemsFundSponsor BankingC&I credits underwritingAnalytical skillsMulti-taskingMicrosoft WordMicrosoft ExcelMicrosoft PowerPointInterpersonal skillsCommunication skillsAttention to detailProblem solving

Required

Bachelor's degree in Accounting, Finance, or Economics or equivalent experience

At least 8 years of relevant banking experience required

Experience analyzing Fund and Sponsor Banking deals. The ideal candidate will also have experience underwriting C&I credits also

Able to communicate clearly throughout the organization, to all levels of staff as well as external contacts, exhibiting superior interpersonal, verbal and written communication skills

Ability to multi-task in a fast-paced environment with a demonstrated ability to meet tight deadlines, e.g. quick turnaround of credit requests

High regard for all important details to assure accuracy in every transaction performed; detect errors; follow through on corrections and details

Strong analytical skills and resourcefulness necessary to complete in-depth industry and market analyses; including ability to analyze financial statements (profit and loss, balance sheet, and cash flow statements)

Ability to act independently without being prompted; handles problems when appropriate; able to problem solve to resolve issues in order to provide timely and professional service to both internal and external customers

Expert knowledge in Word, Excel and PowerPoint