Underwriter Portfolio Manager II-Sponsor

First Citizens Bank • Chicago, IL

12h • Hybrid

About The Position

This is a hybrid role with the expectation that time working will regularly take place inside and outside of the company office. First Citizens offers you the strength and stability of a diversified financial institution with a 125-year tradition of service and the personalized approach of a nimble financial partner. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $230 billion in assets. First Citizens Sponsor Finance provides cash flow senior debt for private equity-backed transactions in the middle market and lower middle market throughout the United States. As an Underwriter Portfolio Manager II, this is an opportunity to work within a small and growing group for a top 20 Bank, with significant advancement opportunities both in the department and other functional areas of First Citizen’s Commercial Bank. Candidates will work within a team construct to assist in the credit underwriting and portfolio management of diverse debt solutions for middle-market companies. Specifically: (i) LBO Financing, (ii) Acquisition Financing, (iii) Debt Refinancing, and (iv) Recapitalizations-working with potential borrowers, private equity teams, and other Lenders.

Requirements

• Bachelor's Degree and 1 years of experience in Credit analysis, underwriting or Risk Management OR High School Diploma or GED and 5 years of experience in Credit analysis, underwriting or Risk Management
• Bachelor’s degree in Business, Economics, Finance
• Finance / Banking experience
• 1 plus years experience in commercial underwriting / leverage finance
• Strong analytical skills and underwriting knowledge in commercial lending or related financial environment
• Demonstrated quantitative skills with attention to detail
• Excellent oral and written communications skills
• Time management skills to efficiently handle multiple tasks with changing priorities.
• Demonstrated ability to anticipate and problem solve to then take initiative to drive processes forward and make recommendations
• Detailed knowledge of Microsoft Office Applications
• Attention to detail and ability to solve problems
• Completion of a formal credit training program
• Ability to function both independently and as part of a deal team.

Responsibilities

• Prepare cash flow models, conduct independent industry research, will assist in the underwriting of credits, and will manage accounts post close
• Specific new business underwriting duties include: i) financial modeling; ii) independent industry research; iii) compiling and presenting approval requests; iv) preparing and negotiating legal documents; and v) funding and closing transactions
• Specific portfolio management duties include: i) preparing waiver and amendment requests or underwriting add-on opportunities; ii) monitoring individual accounts for performance trends to ensure accurate and timely risk ratings; and iii) maintaining credit files in preparation for internal or external audits
• Ensure compliance with all FCB policies and procedures
• Firm understanding of FCB systems and resources
• Risk Management - Identifies risks through periodic reviews, analysis, and research of new and existing loans. Communicates identified risks, financial performance and credit agreement compliance, and potential changes in the portfolio. Identifies emerging credit problems and industry trends. Adheres to all external regulations and internal policies and procedures ensuring compliance

Benefits

• Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates.

What This Job Offers

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