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

First Citizens Bank • New York, NY

12h • Onsite

About The Position

First Citizens Maritime Finance offers customized secured loans to vessel owners and operators, with a focus on freight, bulker, and container shipping. The Maritime Finance group is hiring an Underwriting Analyst to participate in the Commercial Bank Analyst Development Program. The team works with private equity firms, mezzanine funds, and private credit funds to provide 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.

The Commercial Bank Analyst Development Program begins in July 2027 at the New York City office. It starts with a six-week intensive curriculum covering credit policies and procedures, underwriting fundamentals, financial analysis and Excel modeling, First Citizens Bank core values, application-specific systems training, business-unit overviews, and the Bank’s strategic priorities. After the initial curriculum, analysts join their teams and continue participating in training and professional development sessions.

The Underwriter I prepares financial analyses and projection models, supports loan underwriting and post-close loan management, conducts industry research, and contributes to credit committee materials and meetings. The role also involves monitoring business-unit trends, maintaining credit files for audits, and learning the Bank’s systems and resources.

Requirements

• Bachelor’s degree and zero years of experience, or high school diploma and four years of experience in commercial lending or credit analysis, financial statement analysis, and finance fundamentals.
• Partnership and collaboration skills.
• Written and verbal communication 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 is a plus.

Responsibilities

• Prepare historical financial analyses and projection models, and assist with loan underwriting.
• Conduct independent industry research.
• Assist with the management and reporting of loans after closing.
• Participate in creating credit committee documents.
• Attend and contribute to credit committee meetings.
• Develop an understanding of and maintain awareness of trends and conditions in the respective business unit.
• Maintain credit files in preparation for internal or external audits.
• Develop a firm understanding of First Citizens Bank systems and resources.

Benefits

• Competitive benefits program; details are available on the employer’s benefits website.
• Total compensation for some roles may include variable incentives, bonuses, benefits, and/or other awards, as outlined in the offer of employment.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level