Underwriter/Portfolio Manager III - ADG

First Citizens Bank•New York, NY

8h•Hybrid

About The Position

This is a hybrid role, with the expectation that work time will regularly take place inside and outside of a company office. First Citizens Aerospace, Defense & Government, part of the company's Commercial Finance group, offers asset backed loans for commercial aircraft, aircraft engines and aircraft parts as well as cash flow loans to manufacturers, service providers and private equity sponsors in the sector. This position is responsible to assist in the underwriting and portfolio management of ADG financing transactions. Responsible for analysis, reporting, and purchase or liquidation of assets within the portfolio. Monitors regulatory requirements and market trends, and modifies strategies as needed. Performs all activities to maximize value while minimizing risk, developing reports, dashboards, and other methods of evaluation to communicate status with the appropriate stakeholders. Underwriting – Assist in the underwriting of ADG loans according to applicable regulations.

Requirements

Bachelor's Degree and 2 years of experience in Credit Analysis, Underwriting or Risk Management OR High School Diploma or GED and 6 years of experience in Credit Analysis, Underwriting or Risk Management

Nice To Haves

Bachelors Business, Finance, Economics, Accounting
Completion of a formal credit training program

Responsibilities

Assist in the underwriting of ADG loans according to applicable regulations, procedures, and guidelines.
Interact with customers to gather information throughout the approval process to determine the viability of repayment.
Review financial statements, third-party reports (appraisals, field audits, Quality of Earnings, etc.), communicate with customers or prospects, and perform analysis to recommend credit grades, covenants, and appropriate loan structuring.
Ensure all involved parties are updated on underwriting progress and outcome.
Monitor assigned portfolio accounts for completeness of documentation, accuracy of credit grading, and potential exposures.
Assist in the processing of line renewals and new requests as per loan approval servicing requirements.
Perform other tasks related portfolio servicing and management.
Source, compile, and interpret financial data and third-party reports to support structuring, and approval of loans.
Review industry information and comparisons, key risks and mitigants, and collateral coverage to form a general business overview of the borrower.
Utilize results of analysis to underwrite loans.
Identify risks through reviews, analysis, and research of new and existing loans.
Work closely with Bank associates and partners to resolve risk issues, communicating review schedule and potential changes in the portfolio.
Assist in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and management.