AVP/Underwriter Portfolio Manager IV-Sponsor

First Citizens Bank•Chicago, IL

4d•Hybrid

About The Position

This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office. First Citizens offers you the strength and stability of a diversified financial institution with a 125-year tradition 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. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $230 billion in assets. First Citizens Sponsor Finance provides cash flow and asset based senior debt for private equity-backed transactions in the middle market and lower middle market throughout the United States. This AVP/Underwriter Portfolio Manager IV position underwrites credit exposure for the most complex and largest credit relationships and circumstances and actively manages a Sponsor portfolio. Manages portfolio risk and adheres to all regulatory and compliance guidelines. Manages, services, and develops banking relationships through prescribed servicing and sales processes. Identifies emerging credit problems and industry trends.

Requirements

Bachelor's Degree and 4 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.
OR High School Diploma or GED and 8 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.

Nice To Haves

Bachelor’s degree in business, Economics, Finance
Finance banking experience
Strong working knowledge of Microsoft Excel and how to build/analyze complex financial models with assumption drivers appropriate for a particular business model and industry.
Thorough understanding of credit, structuring, legal and collateral requirements.
Strong analytical, credit and problem-solving skills.
Completion of a formal credit training program
At least 4 years’ experience in commercial/Leveraged lending with financial institutions
Strong writing, communication and presentation skills

Responsibilities

Underwrites Sponsor accounts according to applicable regulations, procedures, and guidelines.
Reviews financial statements, communicates with clients or prospects, and performs analysis to recommend borrower risk ratings and appropriate loan structuring.
Ensures all involved parties are updated on underwriting progress and outcome.
May provide guidance to less experienced underwriters through knowledge of underwriting procedures and information needs.
Manages assigned portfolio by monitoring performance and trends, proactively defining client credit solutions, identifying issues and following through for remediation.
Responsible for risk rating integrity, annual reviews as well as financial statement spreading, compliance and regulatory review.
Manages all amendment and waivers in the assigned portfolio.
Maintains ongoing communication and contact with assigned loan clients.
Fortifies relationships and monitors client satisfaction.
Sources, compiles, and interprets financial data to support structuring and approval of loans.
Reviews industry information and comparisons, key risks and mitigants, and collateral to form a general business overview of the borrower.
Utilizes results of analysis to underwrite loans.
Identifies risks through reviews, analysis, and research of new and existing loans.
Works closely with Bank associates and partners to resolve risk issues, communicating review schedule and potential changes in the portfolio.
Assists in coordinating review and renewal schedules for existing credits, facilitating