First Electronic Bank - Financial Counterparty Risk Analyst chez First Electronic Bank

  At First Electronic Bank (FEB), our mission is to make credit more accessible for everyday Americans and their businesses. We partner with some of the most innovative FinTech companies in the U.S. to deliver a diverse range of consumer and commercial credit products nationwide. Our offerings include revolving lines of credit, private-label credit cards, installment financing programs, and more. Through strategic and collaborative partnerships, we focus on delivering financing solutions that are both effective and beneficial for consumers and businesses alike. 

 First Electronic Bank is looking for a Financial Counterparty Risk Analyst to join our dynamic credit team.  This position will support the Bank’s strategic partner programs by evaluating the credit risk associated with the Bank’s strategic partners. This position will also provide assistance to the Head of Credit & Counterparty Risk in evaluating and monitoring the financial condition of the Bank’s strategic partners. 

What you will do: 

•  Participate in analysis of strategic partners’ financial condition, including reviews of strategic partners’ annual audited financial statements and monthly or quarterly financial reporting.
• Review and spread monthly, quarterly, and/or annual financial statements of the Bank’s strategic partners.
• Participate in periodic meetings/calls with strategic partners regarding financial results/updates.
•  Monitor financial covenants for compliance.
•  Review and monitor the status of the credit facilities of the Bank’s strategic partners.
• Assist in completing periodic financial strategic risk assessments of the Bank’s partners.
• Participate in preparing reports of financial metrics for stakeholders across the organization, including Credit Committee and the Board of Directors.
•  May participate in certain aspects/stages of the due diligence process for potential strategic partners.
• Prepare detailed risk reports for management, track metrics, and develop scorecards and early warning indicators to monitor credit and financial performance.
• Work closely with teams across the bank including strategic partnership management, legal, compliance, and finance to best support our partners.

Who you are: 

• Bachelor’s degree in Accounting, Finance, or related field.
• 2+ years of experience in financial analysis, credit analysis, commercial credit, commercial underwriting, or related experience is required.
• Experience spreading and analyzing business financial statements.
• Experience analyzing/underwriting fintech/finance companies is highly preferred.
• Understanding of accounting practices with provision for loan loss expense, allowance for loan losses, charge-offs, CECL, and fair market value accounting is preferred.
• Experience analyzing/underwriting a wide range of companies from start-up to publicly traded.
• Strong working knowledge of Microsoft Excel and PowerPoint
• Solid understanding of overall liquidity, including cash/equity, credit facility availability, and equity/capital raises