AVP/VP Senior Underwriter & Portfolio Manager-ADG (hybrid) NY - Aviation Lending

First Citizens Bank • New York, NY

91d • $155,000 - $175,000

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. NY First Citizens Aerospace, Defense & Government, part of the company's Commercial Finance group, offers asset backed loans for commercial aircraft, aircraft engines and aircraft parts as well as cash flow loans to manufacturers, service providers and private equity sponsors in the sector. The AVP/VP Underwriting Portfolio Manager – ADG (Aerospace, Defense, Government) is responsible for the underwriting as well as portfolio management of ADG financing transactions. Responsible for analysis, reporting, and purchase or liquidation of assets within the portfolio. Monitors regulatory requirements and market trends, and modifies strategies as needed. Performs all activities to maximize value while minimizing risk, developing reports, dashboards, and other methods of evaluation to communicate status with the appropriate stakeholders.

Requirements

• Bachelor's Degree and 6 years of experience in Credit analysis, underwriting or Risk Management OR High School Diploma or GED and 10 years of experience in Credit analysis, underwriting or Risk Management for VP position.
• Bachelor's Degree and 4 years of experience in Credit analysis, underwriting or Risk Management OR High School Diploma or GED and 10 years of experience in Credit analysis, underwriting or Risk Management for AVP position.

Nice To Haves

• Bachelors in Business, Finance, Economics.
• Finance, Banking License.
• Completion of a formal credit training program.
• 4 years of Aviation Financing - underwriting/portfolio management for VP position.
• 2 years of Aviation Financing - underwriting/portfolio management for AVP position.

Responsibilities

• Leads the underwriting of credit actions according to applicable regulations, procedures, and guidelines.
• Interacts directly with customers to gather information throughout the approval process and to determine the viability of repayment.
• Reviews financial statements, communicates with customers or prospects, and performs analysis to recommend credit grades, covenants, and appropriate loan structuring.
• Ensures all involved parties are updated on underwriting progress and outcome.
• Provides leadership in daily activities through underwriting production and credit analysis expertise.
• Enhances Bank earnings through the recommendation and execution of portfolio transactions and by ensuring adequate liquidity to support balance sheet growth is available at all times.
• Confirms portfolio transactions are properly executed and carry an acceptable amount of risk.
• Supports liquidity management, stress testing, assumption updates, and model validation.
• Creates reports for management and regulators on portfolio composition, return, and risk.
• Performs analysis on portfolio positions and assists in liquidity management.
• Sources, compiles, and interprets financial data to support structuring and approval of loans.
• Reviews industry information and comparisons, key risks and mitigants, and collaterals to form a general business overview of the borrower.
• Utilizes results of analysis to underwrite complex 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 ongoing risk identification and management.
• May assist in the development of strategies to manage risk within the credit portfolio.

Benefits

• Competitive, thoughtfully designed and quality benefits program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees