Underwriter Portfolio Manager IV-Sponsor

First Citizens Bank • New York, NY

2d • 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 IV, 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. Work within a team construct to perform credit underwriting and portfolio management across diverse debt solutions for private equity backed middle-market transactions including (i) LBO Financing, (ii) Acquisition Financing, (iii) Debt Refinancing, and (iv) Recapitalizations. The role encompasses working with external stakeholders including potential borrowers, private equity teams, and other Lenders.

Requirements

• Bachelor's Degree and 4 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis. OR High School Diploma or GED and 8 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.
• Strong writing, communication and presentation skills
• Time management skills to efficiently handle multiple tasks with changing priorities.
• Demonstrated ability to anticipate and solve problems, then take initiative to drive processes forward and make recommendations
• Strong working knowledge of Microsoft Excel and how to build/analyze complex financial models with assumption drivers appropriate for a particular business model and industry
• Thorough understanding of credit, structuring, legal and collateral requirements
• Strong analytical, quantitative, credit and problem-solving skills.

Nice To Haves

• Bachelor’s degree in business, Economics, Finance
• At least 4 years’ underwriting experience in Commercial/Leveraged lending within financial institutions
• 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, assist in the underwriting of credits, and manage accounts post close.
• Underwriting: Specific responsibilities include i) financial modeling; ii) preparation of credit approval memorandums, iii) independent industry research; iv) review and synthesis of transaction materials including CIMs, financial statements, Quality of Earnings reports, and third-party reports, v) compiling and presenting approval requests; vi) preparing and negotiating legal documents; and vi) funding and closing transactions.
• Portfolio Management: Specific responsibilities 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.
• 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. Works closely with Bank associates and partners to resolve risk issues, communicating review schedule and potential changes in the portfolio.

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. More information can be found at https://jobs.firstcitizens.com/benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree