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

First Citizens Bank • New York, NY

2d • Onsite

About The Position

First Citizens Maritime Finance offers customized secured-loan solutions 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 program is designed to build technical skills through formal classes, online coursework, and on-the-job training. It begins in July 2027 at the New York City office with an 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 Maritime Finance team partners 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.

Requirements

• Bachelor’s degree and no years of experience, or a 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.

Responsibilities

• Prepare historical financial analyses and projection models, and assist with loan underwriting.
• Conduct independent industry research.
• Assist with post-close loan management and reporting.
• 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 business unit.
• Maintain credit files in preparation for internal or external audits.
• Develop a firm understanding of First Citizens Bank systems and resources.

Benefits

• The benefits program is described as competitive and designed to meet associates’ needs; specific benefits are not listed.
• For some roles, total compensation may include variable incentives, bonuses, benefits, and/or other awards.

What This Job Offers

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