Credit Analyst: Non-Profit Lending Specialist I

First Citizens Bank • Boston, MA

3h • 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. This position provides essential analytical analysis support to efficiently evaluate the creditworthiness of current and prospective commercial borrowers, with specific focus on not for profit organizations. It also performs various administrative duties to support the Bank's ongoing credit and risk management functions. Strong writing skills and prior accounting, financial analysis or commercial lending credit analysis background are required. Good organizational skills and the ability to multi-task are essential.

Requirements

• Bachelor's Degree and 4 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting OR High School Diploma or GED and 8 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting
• Strong writing skills
• Prior accounting, financial analysis or commercial lending credit analysis background
• Good organizational skills
• Ability to multi-task

Nice To Haves

• Experience 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

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-for-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.
• Assess and prepare criticized loan status report.
• 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, including but not limited to income statements, cash flow statements, balance sheets, tax returns, 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.
• Assist with the preparation of pre-flight concept memos.
• Prepare credit memorandums 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.
• Stay current on banking regulations and audit, regulatory and compliance requirements.

Benefits

• Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees