First Republic Bank

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Credit Analyst (Private Equity & Venture Capital Lending)

Credit Analyst (Private Equity & Venture Capital Lending)

ID 
2017-4900
Job Locations 
US-CA-San Francisco
Category 
Lending

More information about this job

Overview

About First Republic:

First Republic is an ultra-high-touch bank that provides extraordinary client service. We believe that one-on-one interactions build lasting relationships. We move quickly to serve our clients’ needs so that their financial transactions are handled with ease and efficiency. Client trust and security are paramount in our line of business. Ultimately, our goal is unsurpassed client satisfaction which will lead to personal referrals – our number one source of new business.

 

We recognize that our competitive advantage starts with our people and our culture. At First Republic, we work hard and move quickly as a very coordinated team. If you are looking for an opportunity to grow and contribute in a fun, fast-paced environment, First Republic is the place for you. We have exceptional people focused on providing extraordinary service.

 

About the Role:

First Republic has a long history of partnering closely with the Private Equity and Venture Capital industries, and the Professional Loan Program (PLP), plays a pivotal role in deepening our ability to serve our client firms and their needs. Through the Professional Loan Program, we offer tailored loan programs to enable employees of our PE and VC firm clients to personally co-invest into the funds being raised by their firms. Another component of PLP is offering loans or lines of credit to prospective partners at professional service firms, to finance their partnership equity purchases. 

 

As credit quality is of paramount importance to First Republic, we have a dynamic PLP team that focuses on credit underwriting across two different layers of our professional loan programs. We first perform a thorough credit analysis on the firms that we will be servicing to ensure that the firms meet our credit critieria before proceeding with the program. We then perform a thorough analysis on every individual borrower who will either be co-investing into a fund or buying into a partnership to ensure that our individual clients meet our credit criteria. 

 

We're looking for an experienced Credit Analyst to specifically focus on firm-level underwriting to ensure and maintain the high credit quality of our Professional Loan Program portfolio. Candidates with experience in commercial underwriting and intimate knowledge of the Private Equity and Venture Capital industries are preferred.

 

About PLP & Eagle Lending:

The Professional Loan Program team is a key component of the Eagle Lending group at First Republic. Eagle Lending is a business group focused on leveraging technology to bring in the next generation of clients to the bank. We offer five different loan products that we believe are phenomenal bridges to build relationships with our clients. To explore our full product suite, please explore the following links below:

 

Responsibilities

  • Successfully spread and analyze business financial statements and/or tax returns using Moody’s or similar program and have an understanding of cash flow reports, financial ratios, trends, etc. The Senior Credit Analyst must know how to identify recurring and non-recurring sources of cash flow and guarantor’s ability to debt service.  
  • Have knowledge of Private Equity and Venture Capital firms.  
  • Generate credit package (including memorandum, organizational charts, global cash flow, etc.) for professional loan programs. This includes financial and risk analysis, FRB strategy, purpose of loan, repayment sources, collateral, financial & reporting covenants, and company summary. Senior Credit Analyst must have experience and be able to successfully underwrite credits ranging from simple to complex deals.
  • Review formation documents and understand various entity structures. Review loan documentation for consistency and accuracy of Credit Narratives. This requires working with the Borrower, Commercial Loan Operations, Counsel and in some instances, outside legal counsel.
  • Communicate directly with principals of firms to obtain necessary information/documentation to successfully create a comprehensive narrative on programs.
  • Monitor existing credit facilities for financial and reporting covenant compliance. Be able to identify problem loans and work with Management, Executive Loan Committee and Credit Administration to take appropriate action.
  • Underwrite credit narratives for new facilities as well as for renewals, modifications, and short-term extensions. 
  • Responsibilities include the following:  1) adhering to and complying with the applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.) 2) adhering to Bank policies and procedures, 3) completing required training,  4) identifying and reporting suspicious activity to the AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank. 

Qualifications

Skills, Knowledge & Abilities:

  • Strong ability to lead team initiatives by working collaboratively in a team environment within a matrix management structure.
  • 3-5 years of credit analysis experience in the financial services/lending arena with experience in working with commercial firms and high net worth individuals. PE/VC industry experience a plus.
  • Proven ability to develop and implement consultative enterprise-wide solutions and ability to manage large pipeline of transactions at any given time.

 

Physical/Mental Requirements:

  • Vision must be sufficient to read data reports, manuals and computer screens.
  • Hearing must be sufficient to understand a conversation at a normal volume, including telephone calls and in person.
  • Speech must be coherent to clearly convey or exchange information, including the giving and receiving of assignments and/or directions.
  • Position involves sitting most of the time, but may involve walking or standing for brief periods of time.

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