Commercial Portfolio Manager: Non-Profit Lending Specialist III

First Citizens Bank•Boston, MA

4h•Hybrid

About The Position

This position provides essential analytical and management skills to independently and objectively evaluate the creditworthiness of current and prospective commercial borrowers, with specific focus on not-for-profit organizations. Performs mentoring and oversight of junior credit analysts. Participates in special projects to support the Nonprofit Banking team's ongoing credit and risk management functions including developing financial analysis spreading and presentation tools. The Non-Profit Lending Specialist II must have strong writing skills and possess prior accounting, financial analysis or commercial lending credit analysis background.

Requirements

Bachelor's Degree and 8 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting OR High School Diploma or GED and 12 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting
Strong writing skills
Prior accounting, financial analysis or commercial lending credit analysis background

Nice To Haves

Lending to non-profit organizations
Successful completion of a formal credit or financial analyst training program
Working knowledge with financial statement software such as Moody's CreditLens
Credit analysis of and lending to non-profit organizations

Responsibilities

Prepare timely and insightful financial analysis and credit underwriting for a diverse, highly complex and sophisticated loan portfolio of not-for-profit organizations.
Conduct ongoing credit risk rating risk reviews of existing portfolio on a minimum annual basis.
Accurately assess the financial position of not or profit clients to support the Bank's credit decisions on credit exposure of varying size, up to its lending limits.
Consistent monitoring of loan covenants, providing recommendations to credit and lending management on whether to approve or renew loans, modify terms of existing loans, maintain or change risk ratings of existing loans, and otherwise suggesting the appropriate credit action based on the Bank's credit policies.
Assess and prepare criticized loan status reports.
Assist in the preparation and responses for loan examinations.
Stay current on banking regulations and audit, regulatory and compliance requirements.
Conduct the most complex analysis of sophisticated credits.
Perform thorough and concise pre-screening of new commercial loan requests in the not for profit sector through the identification of risks and mitigants by reviewing and analyzing the prospective borrowers' financial statements.
Create thorough and concise analyses of the risks and mitigants of pending new commercial loan requests by reviewing and analyzing the borrowers' financial statements (which would include audited financial statements prepared on fund accounting basis typical for non-profit organizations), as well as real estate appraisal reports, environmental assessment reports and other loan repayment reports such as fundraising pledge reports.
Prepare sensitivity analyses, pro forma cash flows, and assessments of collateral.
Conduct analysis of the market and industry dynamics affecting the borrower especially as it relates to competition, State/Federal government funding and guarantees as well as other factors that may affect revenue or expenses.
Preparation of pre-flight concept memos.
Prepare credit memorandum for final credit approval.
Review approval conditions vis-a-vis the loan documentations for existing loans to ensure integrity of the credit process.
Interface with Bank's loan operations department in the drawing of loan documentation, loan closing and booking.
Leverage knowledge and experience to assist in enhancing the Bank's underwriting procedures and guidelines for nonprofit organizations.
Participate with special projects and reporting assignments as needed.
Train/coach junior analysts and interns, provide a daily advisory role and peer review of credit memos produced by other analysts and help the manage the pipeline.