[Hiring] Credit Associate @Grasshopper Bank

Role Description

Grasshopper Bank is a client-first, digital bank built for the business and innovation economy, with an obsession for providing leading-edge technology, solutions-driven products and superior service through a combination of passionate people and digital resources.

We are a highly experienced team who pride ourselves on diversity of thought and perspective. Nationally chartered, our portfolio of products and services range from VC, PE & Portfolio Companies to SBA Lending, as well as direct SMB and Embedded Banking.

Our entrepreneurial drive allows us to support the growth and success of a wide range of clients at every stage of their business through inclusive partnership. We seek out team members who will enable both our organization and our people to grow and thrive through collaboration and acting with integrity and respect.

Our focus on cross-functional teamwork provides a culture where ideas are valued, accountability is encouraged, and successes are celebrated. We welcome all those searching for the opportunity to contribute to banking innovation that influences and supports the emerging digital world of Financial Services.

Our digital first approach enables our teams the flexibility to work remotely. We have offices in NYC and Boston.

• Serve as the credit specialist for the RMs to help drive loan growth across GHB's suite of loan products.
• Lead the review and analysis of prospective client performance and debt needs.
• Build strong working relationships with prospective borrowers, Relationship Managers, existing clients and other constituents.
• Responsible for monitoring the performance of existing borrowers and identifying deviations from agreed upon performance covenants.
• Conduct financial analysis of the credit and collateral for new and existing borrowers.
• 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.
• 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.
• Candidate must be comfortable working with AI based underwriting and analysis software.

Qualifications

• Bachelor's degree in Accounting, Finance, or Economics or equivalent experience.
• At least 4 years of relevant banking experience required.
• Experience analyzing Fund and Sponsor Banking deals.
• Experience underwriting C&I credits is ideal.
• Able to communicate clearly throughout the organization, to all levels of staff as well as external contacts.
• Ability to multi-task in a fast-paced environment with a demonstrated ability to meet tight deadlines.
• High regard for all important details to assure accuracy in every transaction performed.
• Strong analytical skills and resourcefulness necessary to complete in-depth industry and market analyses.
• Ability to act independently without being prompted; handles problems when appropriate.
• Expert knowledge in Word, Excel and PowerPoint.

Requirements

• Demonstrated ability to analyze financial statements (profit and loss, balance sheet, and cash flow statements).
• Ability to problem solve to resolve issues in order to provide timely and professional service to both internal and external customers.