Senior Underwriter & Portfolio Manager-ADG

First Citizens Bank•Sacramento, CA

95d•Hybrid

About The Position

First Citizens Aerospace, Defense & Government—part of the Commercial Finance group—delivers asset-backed lending solutions for commercial aircraft, engines, and parts, along with cash flow financing for manufacturers, service providers, and private equity sponsors across the sector. With over 20 years of specialized expertise, the team is recognized for its deep industry knowledge, strong client relationships, and disciplined execution. We are seeking a highly skilled professional to join our team and support continued growth in this dynamic and specialized market. The Vice President, Underwriting Portfolio Manager is responsible for both underwriting and portfolio management of ADG financing transactions. This role includes evaluating, monitoring, and optimizing portfolio performance while ensuring compliance with regulatory requirements and market conditions. The VP will lead analysis, reporting, and asset management activities to maximize value and minimize risk, while communicating portfolio insights to key stakeholders through reports, dashboards, and presentations.

Requirements

Bachelor’s degree with 6+ years of experience in credit analysis, underwriting, or risk management OR High school diploma/GED with 10+ years of relevant experience

Nice To Haves

Bachelor’s degree in Business, Finance, Economics, or related field
8 years of experience in commercial banking, asset-based lending, corporate lending, or investment banking
4 years of experience in aviation or aerospace lending
Experience structuring bilateral, syndicated, and asset-backed (collateralized) financing transactions
Formal credit training program completion

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.