Credit Associate, Fund & Sponsor Banking

🕒 September 17

🗽 New York – Remote

🗽 New York – Remote

⏰ Full Time

🟢 Junior

🟡 Mid-level

👻 Ghost score 10%

What it means: how likely this posting is sitting open without active hiring.How to read it: 60% or higher means we think this is a ghost. Lower scores are less of a worry.How we score it: age, reposts, open roles vs team size, how fast jobs close, and whether pay is listed.Fine print: an estimate from public data, not a judgment of the company. Real jobs can score high, so treat it as a hint, not a fact.

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Grasshopper Bank

WebsiteLinkedInAll Job Openings

51 - 200 employees

Founded 2020

🏦 Banking

💳 Fintech

🔌 API

Banking • Fintech • API

Grasshopper Bank is a digital-first bank focused on providing innovative financial solutions for small businesses, startups, and venture capital firms. They offer a wide range of banking services including small business checking and savings accounts, startup banking, and lending options such as SBA and venture capital lending. In addition, they provide embedded finance and API banking solutions, showcasing their expertise in fintech and digital finance. Grasshopper Bank focuses on secure and flexible operating accounts, as well as treasury management tools designed to help businesses and firms manage their finances effectively. With a strong emphasis on digital banking, they offer powerful online tools to facilitate bookkeeping, cash flow management, and payment processing for their clients.

📋 Description

• Serve as the credit specialist for Relationship Managers to drive loan growth across the bank's loan products • Recommend appropriate credit structures while maintaining the bank's credit risk profile • Review and analyze prospective client performance and debt needs • Coordinate with the credit team to assess the credit strength of new debt opportunities • Build relationships with prospective borrowers, Relationship Managers, existing clients, and internal and external constituents • Monitor existing borrower performance and identify deviations from agreed-upon covenants • Proactively raise credit concerns to Relationship Managers to mitigate credit risk • Conduct financial and collateral analysis for new and existing borrowers • Perform historical trend analysis and financial forecasting • Test financial covenants and other risk assessments under Loan & Security Agreements • Use bank loan systems to enter financial information, prepare analyses, and produce management reports and summaries • Communicate with clients, Relationship Managers, and bank leadership to resolve loan issues and questions • Assist Relationship Managers with covenant reporting information and payment collection

🎯 Requirements

• 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 • Clear communication across all organizational levels and with external contacts • Superior interpersonal, verbal, and written communication skills • Ability to multitask in a fast-paced environment and meet tight deadlines • Strong attention to detail and accuracy • Strong analytical skills and resourcefulness for in-depth industry and market analyses • Ability to analyze profit and loss, balance sheet, and cash flow statements • Ability to work independently and solve problems • Expert knowledge of Word, Excel, and PowerPoint • Comfortable working with AI-based underwriting and analysis software

🏖️ Benefits

• Remote work flexibility • Diversity of thought and perspective • Inclusive partnership culture • Cross-functional teamwork • Collaboration-focused culture • Accountability encouraged • Successes celebrated