Who we are: We are the first digital commercial bank in the US, built to service the innovation economy. As founders ourselves, we couldn’t find a banking solution that met our needs, so we went ahead and built one. Our solution is seamless, frictionless, and allows founders to do what they do best: build great companies. We are led by industry heavyweights who have over 200 years of combined experience in banking and financial services and we are reimagining financial services from a customer-first perspective. Our inclusive company prizes diversity of thought, experience, and perspective and is looking for people who are searching for ways to influence and support the innovation ecosystem in New York and beyond.
Job Location: Preferably New York, NY, but open to other geographies.
Big Picture: Lead, develop and expand a team of Credit Analysts, dedicated to providing financing solutions to the innovation ecosystem’s key constituents.
Day-to-Day:
With the assistance of your team you will be responsible for…
- Underwriting new business transactions across Grasshopper’s suit of financing solutions.
- Defining and executing strategy for structuring new business transactions and restructuring existing financing solutions where appropriate.
- Monitoring and managing Grasshopper’s debt portfolio; ensuring the proper application of Grasshopper credit and risk, policies and processes.
- Providing leadership and guidance to a team of Relationship Managers (RMs) and Credit Analysts.
- Developing and executing on a data driven approach to portfolio management, working with internal stakeholders across the bank.
- Anticipating and responding to future client needs, roadblocks or risks.
- Meeting bank, business unit and team sales goals.
- Appropriately assessing risk when business decisions are made.
- Applying sound ethical judgment regarding personal behavior, conduct and business practices.
- Effectively supervising the activity of others and creating accountability to ensure successful execution of overall strategy.
What you need:
- 10 to 15 years of underwriting and portfolio management experience.
- In-depth knowledge of the commercial banking needs of technology and life science companies, and private equity funds.
- Sound judgment and creativity in identifying solutions for client credit and financial services needs.
- Deep understanding of GAAP accounting principles and comfort with financial modeling.
- Significant experience with commercial credit decision making authority and advanced credit skills, with experience in complex capital structures.
- Ability to work effectively in a dynamic company and team setting.
- Exceptional written and verbal communication skills.
- Proven track record of successfully managing and leading teams through rapid growth and complex change, with track record of attracting, maintaining and developing talent.
- Proven leadership ability with excellent interpersonal communication skills
What we offer:
- Total compensation package including base salary, equity, discretionary bonus and a full suite of health benefits (medical, dental, vision, life, disability, HSA, FSA) and 401K.
- Diverse and inclusive culture
- Access to commuter plans and subsidized gym discounts
- A challenging and fulfilling opportunity to join one of the most experienced teams in fintech and help create a completely new kind of commercial bank
- Personally directed time off and flexibility to work remotely
- Dog-friendly office
If you too are searching for ways to influence and support the innovation ecosystem, then we all look forward to hearing from you.
Grasshopper Bank provides equal employment opportunity without regard to an applicant’s race, color, age, national origin, religion, sex, gender identity or expression, sexual orientation, veteran status, disability, pregnancy, genetic information, or any other status protected under applicable law.
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