Underwriter I, Maritime Finance - Analyst Development Program (New York, NY)

First Citizens Bank•New York, NY

1d•Onsite

About The Position

First Citizens Maritime Finance offers customized solutions for secured loans to vessel owners and operators, focusing on the freight, bulker, and container shipping sectors. The Maritime Finance group within First Citizens Bank is hiring an Underwriting Analyst to participate in the Commercial Bank Analyst Development Program. This program is designed to build a broad and deep technical skillset through formal classes, online coursework, and on-the-job training. The program begins July 2026 on-site at our New York City Office with a 6-week intensive curriculum covering Credit Policies and Procedures, Underwriting fundamentals, Financial Analysis and Excel Modeling, First Citizens Bank Core Values, application-specific training on systems, business unit overviews, and strategic priorities of the Bank. Following the initial training, Analysts join their teams and continue to develop through ongoing trainings and professional development sessions, providing a strong foundation for their careers. The Maritime team partners with Private Equity firms, Mezzanine funds, and Private Credit funds to offer senior secured loans, sale-leasebacks, and bareboat charters to owners and operators of oceangoing cargo vessels. They focus primarily on bridge, construction, and repositioning loans across all property sectors.

Requirements

Bachelor's Degree and 0 years of experience OR High School Diploma and 4 years experience in commercial lending or credit analysis, financial statement analysis, and finance fundamentals
Position Specific Skills: Partnerships and Collaboration
Position Specific Skills: Communication (Written and Verbal)
Position Specific Skills: Critical thinking skills

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 institution
GPA of 3.0 or higher
Maritime sector experience a plus

Responsibilities

Prepare historical financial analysis, projection models and assist in the underwriting of loans.
Conduct independent industry research.
Assist in the management and reporting of loans post close.
Participate in the creation of credit committee documents.
Attend and contribute to credit committee meetings.
Develop understanding and maintain awareness of trends and conditions in their respective business unit.
Maintain credit files in preparation for internal or external audits.
Develop a firm understanding of FCB systems and resources.