2027 Summer Intern - Healthcare Leveraged Finance

First Citizens Bank•New York, NY

5d•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 Healthcare Finance team provides comprehensive banking solutions to middle market private equity clients for various financing needs, including leveraged buyouts, acquisitions, refinancings and dividend recapitalizations. Summer Analysts will support the Underwriting and Portfolio teams in analyzing and underwriting new and existing cash flow transactions, gaining exposure to all elements of deal execution, including: Initial due diligence and development of Investment Thesis Thorough and thoughtful risk mitigation Detailed financial analysis on historical trends and financeable EBITDA Financial modeling, including cash flow projections, DCF analysis, transaction and trading comparables and deleveraging analysis Legal negotiations and documentation Post-closing monitoring of credit performance

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

3.0 minimum GPA
Rising Senior (May 2028 Grad)
Strong desire to learn and grow.
Pursuing a bachelor’s degree with a major/concentration in finance, accounting, or economics
Possess a positive attitude, naturally curious and enjoys collaborating with others.
Strong verbal and written communication skills
Critical thinking skills
Ability to multitask.
Ability to adapt and adjust priorities based on business needs.
Ability to take direction and absorb information quickly.

Responsibilities

Be part of a dynamic team with interesting projects.
Attend professional development sessions, informational sessions, networking, and community service events.
Have a dedicated manager and program manager to help you navigate the bank and the internship program.
Work as part of a Deal Team on live transactions, engaged in many aspects of credit underwriting and portfolio management, including company and industry due diligence, financial analysis, credit memo preparation and portfolio management activities.
Participate in internal credit approval meetings and client/customer calls, as appropriate.