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SVB Capital Finance Intern

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First Citizens Bank

First Citizens Bank

SVB Capital Finance Intern

Menlo Park, CA +1 location
Internship
Paid
  • Responsibilities

    BE PART OF A BANK LIKE NO OTHER.

    When you work with the world's most innovative companies, you know you're making a difference.

    Our clients are the game changers, leaders and investors who fuel the global innovation economy. They're the businesses behind the next medical breakthroughs. And the visionaries whose new technologies could transform the way people live and work.

    They come to SVB for our expertise, deep network and nearly forty years of experience in the industries we serve, and to partner with diverse teams of passionate, enterprising SVBers, dedicated to an inclusive approach to helping them grow and succeed at every stage of their business.

    Join us at SVB and be part of bringing our clients' world-changing ideas to life. At SVB, we have the opportunity to grow and collectively make an impact by supporting the innovative clients and communities SVB serves. We pride ourselves in having both a diverse client roster and an equally diverse and inclusive organization. And we work diligently to encourage all with different ways of thinking, different ways of working, and especially those traditionally underrepresented in technology and financial services, to apply.

    JOB DESCRIPTION

    SVB Capital is theventure capital and credit investing arm of SVB. Uniquely positioned to access highly sought-after opportunities in start-up companies and venture capital funds, SVB Capital invests in fund managers and private technology and life science companies throughout the innovation economy around the world.

    The SVB Capital brand is expanding its product offering and related products. This is an exciting and unique opportunity to assist in the growth and development of product expansion as well as support the management of investment funds and work with reporting and control requirements related to a publicly held financial institution.

    PRIMARY RESPONSIBILITIES:

    The Finance intern for SVB Capital will assist in the coordination of fund management and work closely with our third-party administrator, investment professionals and bank personnel to provide fund and business analysis, accounting and reporting.

    • Coordinate day-to-day fund accounting activities with 3rd party administrator, review fund transactions and limited partner reporting

    • Processing incoming distributions and outgoing capital calls for underlying investee funds

    • Coordinating and processing investment funding and maintaining all final investment related documents

    • Assist in the management periodic cash forecasting

    • Responsible for preparing leverage reporting to third party capital providers

    • Processing outgoing capital calls and distributions to investors

    • Reviewing monthly reconciliations for all funds for monthly corporate closes

    • Reviewing quarterly reporting to fund investors

    • Assisting with fund valuation analysis

    • Assisting with annual audits and tax reporting

    • Quarterly portfolio performance analysis

    • Reviewing and processing quarterly management fee payments

    • Assisting with account payable settlements and invoice payments

    • Ad hoc analysis and reporting (management and investor reporting)

    • Assisting with limited partner correspondence

    PREFERRED CANDIDATE:

    • Candidate should be currently enrolled in college/university as an undergraduate rising senior, or a master's candidate, and have a minimum GPA of 3.0.

    • Seeking the following majors/degrees: Finance, Accounting, Economics, Business.

    • Work or academic experience with the following: Excel, basic accounting, interest in Venture Capital etc.

    • Experience working in a team environment and ability to prioritize tasks in fast paced and evolving environment.

    Base Pay:

    $18.00 - $31.00

    Actual starting base pay will be determined on skills, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, benefits, and/or other perks, as outlined in any formal offer made.

    SVB benefit programs are designed to meet our employees where they are in life. SVBers may enroll in core benefits programs, plus take advantage of customized perks and offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here.

    © 2022 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: SIVB).

    EQUAL EMPLOYMENT OPPORTUNITY

    Silicon Valley Bank is an equal opportunity employer and is dedicated to expanding its commitments and investments to create a more diverse, equitable and inclusive company culture and innovation ecosystem. We are strongly committed to the values and policy of equal employment opportunity across our employment practices.

    Silicon Valley Bank UK Limited is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK (Company Number 12546585). Silicon Valley Bank UK Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Firm Reference Number 543146). Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.

  • Industry
    Financial Services
  • Locations
    Menlo Park, CA • Seattle, WA
  • About Us

    Together, First Citizens and Silicon Valley Bank offer you the strength and stability of a diversified financial institution with over 125 years of service and the personalized approach of a nimble financial partner. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts.