Corporate Banking Intern - Summer Analyst, Power & Renewable Energy (Santa Monica)
About The Position
The Power and Renewables Energy Group within First Citizens Bank’s Energy Finance Business is hiring a Commercial Banking Underwriting Analyst to participate in the Analyst Development Program. The Power and Renewable Energy Group lends money to finance large scale US conventional gas power projects and renewable energy projects such as solar, wind, and battery storage. The group is hiring a Corporate Banking Intern – Summer Analyst to support their financial analysis efforts. The summer internship program is designed to provide an opportunity for students to apply classroom knowledge in a corporate environment while delivering tangible value to the organization, as well as gaining valuable work experience. Interns will be assigned to live transactions and will be exposed to leading industry players, lenders, and investors, gaining insight into transaction processes and deal execution.
Requirements
- High School Diploma or GED and 1 years' experience in Currently enrolled at an accredited collegiate institution (during time of the internship program)
- Critical thinking
- Communication (written & verbal)
- Analytical (data)
Nice To Haves
- 3 years of college experience (rising senior)
- 3.0 GPA or higher
- Ability to work 40 hours per week during the duration of the program
- Major in a quantitative field including engineering, finance, accounting or economics
- Strong verbal and written communications skills
- Interest in renewable energy
Responsibilities
- Work as part of a Deal Team on live transactions, engaged in many aspects of credit underwriting and portfolio management, financial analysis, credit memo preparation
- Financial modeling in excel of solar, wind, gas and battery storage projects
- Due diligence of power projects including company and industry analysis, reviewing engineering, market, insurance and transmission studies
- A capstone project and presentation designed to improve a specific process or solve a problem that will be presented at the close of the internship
- Preparation of internal credit memorandum
- Preparation of marketing materials for potential clients and other lenders
- Participate in internal credit approval meetings and client/customer calls, as appropriate.
- Attend professional development and informational sessions, networking and community service events
Benefits
- Competitive, thoughtfully designed and quality benefits program
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What This Job Offers
Job Type
Full-time
Career Level
Intern
Education Level
High school or GED
