Underwriter I - Analyst Development Program (Maritime Finance)

First Citizens Bank • New York, NY

9d • $36 - $43 • 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.
The Maritime Finance group at First Citizens offers senior secured loans, sale-leasebacks and bareboat charters to owners and operators of oceangoing cargo vessels, including oil tankers, bulkers, container ships, and LNG tankers. With more than 25 years of industry experience, our dedicated team of structured finance professionals works with companies from all major segments of the maritime industry.
The analyst will work within a highly collaborative team to assist in the credit underwriting and portfolio management of maritime loans for middle-market companies and publicly traded companies. The analyst will be responsible for assisting with the initial underwriting and ongoing portfolio management of loans, including due diligence, financial analysis, cash flow modeling, risk assessment, and preparation of internal credit memoranda.
About the Analyst Development Program:
As an Analyst you will participate in the Commercial Bank Analyst Development Program which is designed to build a broad and deep technical skillset through formal classes, online coursework, and on the job training.
The program starts in July 8, 2026 on-site at our New York City Office with an 8-week intensive curriculum where participants learn about:
Underwriting fundamentals
Financial Analysis and Excel Modeling
First Citizens Bank Core Values
Application-specific training on systems
Business unit overviews with team leaders
Strategic priorities of the Bank
Credit Policies and Procedures
Following the 8 weeks, Analysts join their teams and stay connected with colleagues through training and professional development sessions. We provide a superior foundation and launchpad for continued success for our Analysts as they begin their careers.

Requirements

• Bachelor's Degree and 0 years of experience OR High School Diploma and 4 years experience in in commercial lending or credit Analysis, financial statement analysis, and finance fundamentals

Nice To Haves

• Major or concentration in finance or accounting
• Strong financial analyst skills and writing ability
• Previous financial internship experience in an analytical role within a financial services institutionPrevious financial internship experience in an analytical role within a financial services institution
• GPA of 3.3 or higher
• Maritime sector experience a plus

Responsibilities

• Conduct comprehensive company and industry research
• Analyze financial statements and detailed operational and financial information to build forecast models of potential and existing borrowers
• Assist in the underwriting of credits, including authoring and coordinating credit committee documents; attending and contributing to credit committee meetings
• Help manage internal deal processes which include performing business, financial and legal diligence, and educating internal risk and control groups
• Construct LTV and scrap value analyses to evaluate deal structures
• Develop understanding and maintain awareness of trends and conditions in the various sub-sectors of the broader maritime market
• Manage accounts post-close and maintain credit files in preparation for internal or external audits.

What This Job Offers

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