The Venture Banking Associate will have exposure primarily to the venture community (investors and growing privately held businesses) over a wide variety of end-markets and stages. Over time, the VBA is expected to transition to direct management of a portfolio of commercial loans and relationships. This is a great opportunity to develop your relationship building skills with both companies and investors.
- Begin to develop relationships with clients, prospects, and the innovation ecosystem.
- Aid in the preparation of credit evaluation memorandums, financial models and prepare ongoing annual reviews of borrowers including but not limited to: financial statement analysis, borrower profile, industry and capital markets trends, critical risks and loan approval rationale.
- Prepare quarterly trend analysis with situation updates and risk rating evaluations for assigned borrowers.
- Ensure that certain financial statements and compliance certificates are up-to-date; maintain in-depth knowledge of the soundness of borrowers and collateral.
- Other responsibilities as assigned, including but not limited to: facilitating training for new venture banking team members, participating in team credit decisions, and communicating with prospects and partners to facilitate loan closings.
- Minimum Required: Bachelor’s degree in finance, accounting, economics or another business-related field.
- Minimum Required: 2 years’ related experience in related fields (venture banking, investment banking, consulting or similar)
- Critical Thinking — Use of logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Writing — Effective communication in writing as appropriate for the needs of the audience.
- Microsoft Office with emphasis on Excel software proficiency.
- Candidate backgrounds that have been successful transitioning to Venture Banking roles include investment banking, venture capital/private equity analyst, commercial banking and leveraged finance.