2027 Summer Intern - Aerospace, Defense & Government Finance

First Citizens Bank•New York, NY

1d•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. First Citizens Bank offers an exciting summer internship program that provides development opportunities and hands on work experience while creating a talent pipeline for the Bank. Our interns will apply classroom knowledge in a corporate environment while making a positive impact across the organization and the communities we serve. Come help First Citizens build for the future! The Aerospace, Defense, and Government Finance business (“ADG”) within First Citizens Bank is a middle market banking franchise focused on providing customer financing and banking solutions to clients within the ADG sectors in the U.S. and select foreign borrowers. ADG typically finances multiple aviation asset classes under asset-backed loan structures as well as lends under cash flow structures to borrowers in the US government and defense sectors secured by all assets of a borrower’s enterprise. Transaction sizes range from $15 million to $1 billion with ADG hold sizes up to $100MM. The business is hiring a Commercial Banking Intern – Summer Analyst to support their financial analysis and industry research 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
Currently enrolled at an accredited collegiate institution (during time of summer program)
Ability to work 40 hours per week during the duration of the program

Nice To Haves

GPA 3.0 or higher
Three years of college experience (a rising senior)
Major in finance, accounting, or economics
Strong verbal and written communication skills
Interest in aerospace, defense, and government financing

Responsibilities

Cash flow modeling in Excel incorporating various ADG loan structures and borrower projections
Due diligence of clients including company and industry analysis
Assisting in the preparation of internal credit memorandum
Preparation of marketing materials for potential clients and other lenders
Work as part of a Deal Team on live transactions, engaged in many aspects of credit underwriting and portfolio management, financial analysis, and credit memo preparation
Participate in internal credit approval meetings and client/customer calls, as appropriate.
Attend professional development sessions, informational sessions, networking and community service events