Underwriting Principal - CIB

Fifth Third Bank • Charlotte, NC

4d • Onsite

About The Position

An Underwriting Principal will have primary responsibility for supporting the Senior Underwriters in underwriting and executing loans for Fifth Third’s clients. The ideal candidate will have solid credit agreement and underwriting skills, and the ability to identify key credit risks. This position is client-facing, requiring the individual to assist or lead diligence calls and support the negotiation of credit agreements. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Requirements

• Bachelor’s degree in Finance, Business Administration, or a related field.
• Minimum of 6 years of experience in underwriting, credit, or originations, preferably in the banking or investment banking industry.
• Demonstrate solid credit agreement and underwriting skills.
• Attention to detail and excellent verbal and written communication skills.
• Analytical capability, critical thinking, and problem-solving skills.
• Strong work ethic; comfortable working in a fast-paced environment.

Nice To Haves

• May include direct or indirect oversight of junior Underwriting team members.

Responsibilities

• Perform detailed due diligence on companies, industries, management teams, and other relevant information.
• Build detailed financial projection models to analyze capital structures, performance trends and credit metrics.
• Prepare succinct underwriting memorandums, including company and industry descriptions, key credit risks, historical analysis, base and downside case projection assumptions/rationale and terms and conditions.
• Establish strong working partnerships and routines with key internal partners including Debt Capital Markets, Credit Risk, Industry Verticals and middle market teams.
• Manage multiple transactions/projects and communicate effectively with deal team members on status and prioritization.
• Demonstrate knowledge of relevant credit policies and procedures and accurately identify policy exceptions.
• Demonstrate strong client selection, credit agreement and underwriting skills, including identification and assessment of key credit risks.
• Review and offer feedback and coaching to Underwriting Senior Analysts and Analysts on credit memos and financial modeling.
• Works on the more complex transactions, including lead clients, high-touch or more challenging sectors.
• May be required to develop industry expertise in one or more sectors; understand and articulate industry trends, providing expert insights and tailored solutions.
• Subject matter expert on credit policies, procedures, and terminology.
• Train and develop Underwriting Associates, Senior Analysts and Analysts.
• Excel in both team and self-directed settings.

Benefits

• comprehensive benefits
• differentiated compensation offerings
• incentive compensation plan
• extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

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