Principal Commercial Credit Officer - Tech & Corporate Banking

First Citizens Bank • Boston, MA

1d • Hybrid

About The Position

This is a hybrid role, requiring regular time both inside and outside of a First Citizens Bank corporate office. The role is part of the Technology and Healthcare Banking Credit team, which is comprised of senior credit officers within the second line of defense Credit Administration organization. This team is responsible for covering the Bank’s Technology Corporate Banking lending activities. The Principal Commercial Credit Officer ensures that key credit issues and risk exposures are thoroughly analyzed and effectively presented. They also ensure that credit decisions are acceptable and that the structures appropriately mitigate the Bank’s risk exposure. Furthermore, the role involves implementing credit actions that adhere to Credit Policy and appropriate lending standards/guidance, as well as all applicable state and federal banking regulations, and confirming that assigned Risk Ratings are accurate and justified.

Requirements

• Bachelor's Degree and 10 years of experience in Tech or Life Science Commercial Credit OR High School Diploma or GED and 14 years of experience.

Nice To Haves

• 5+ years of experience decisioning Technology and/or Life Sciences lending transactions in an LFI.
• Demonstrated record of exercising delegated credit approval authority within the 2nd Line of Defense strongly preferred.
• Strong grasp of and experience in Cash Flow lending, Leverage Lending, Recurring Revenue Finance, and Venture Lending.
• Life-Stage expertise in later stage technology companies as well as a strong understanding of the venture capital funding model and capital markets / syndicated credits for pre-public and public companies.
• Strong Analytical and Critical Thinking skills including proven ability to understand complex transactions.
• Effective communication skills, both verbal and written.
• Detail oriented and organized, able to efficiently manage multiple transactions/tasks at the same time.
• Strong team player with solid collaboration skills across the Credit Administration organization and other relevant stakeholders such as the business units.
• Ability to coach and mentor junior members of business unit teams strongly preferred.

Responsibilities

• Reviews requests for new loan originations.
• Ensures due diligence and background evaluation is complete before credit approval is granted.
• Approve loans within delegated authority while providing input and guidance to teams and approvers for loans outside of delegated authority.
• Ensures the effective administration of the corporate loan policies, programs, objectives, and goals as they pertain to the Bank.
• Assesses risk ratings of loans at approval, and in an ongoing basis.
• Assure the integrity of individual credits approved through oversight of the portfolio management process (inclusive of effective documentation) and through ongoing review of credit actions for individual borrowers within assigned portfolios.
• Works with the Bank’s lending and underwriting teams to provide recommendations and approvals on credit structure and potential risks.
• Negotiates, where necessary, terms under which credit will be extended, including the repayment term, covenants, and collateral requirements.
• Monitors and manages loan portfolio quality metrics.
• Works with lenders to identify and manage problem loans.
• Collaborates with Special Assets or Bank attorneys as needed.
• Ensures the integrity of the credit process, credit approval documentation and compliance with applicable laws and regulations.
• Ensures policy compliance requirements are met.
• Participates in broader initiatives related to credit policy / standards / practices as assigned.

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: Principal
• Number of Employees: 5,001-10,000 employees