VP Senior Underwriter & Portfolio Manager- Asset Based (hybrid) NY - Aerospace
About The Position
This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office. NY, IL, GA 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. The VP Underwriting Portfolio Manager – ADG (Aerospace, Defense, Government) is responsible for the underwriting as well as 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.
Requirements
- Bachelor's Degree and 6 years of experience in Credit analysis, underwriting or Risk Management OR High School Diploma or GED and 10 years of experience in Credit analysis, underwriting or Risk Management
Nice To Haves
- Bachelors Business, Finance, Economics
- Finance, Banking License
- Asset Based/Corporate Lending/Leasing
- Completion of a formal credit training program
- 4 years of Aviation Financing - underwriting/portfolio management
Responsibilities
- Underwriting - Leads the underwriting of credit actions according to applicable regulations, procedures, and guidelines. Interacts directly with customers to gather information throughout the approval process and to determine the viability of repayment. Reviews financial statements, communicates with customers or prospects, and performs analysis to recommend credit grades, covenants, and appropriate loan structuring. Ensures all involved parties are updated on underwriting progress and outcome. Provides leadership in daily activities through underwriting production and credit analysis expertise.
- Portfolio Management - Enhances Bank earnings through the recommendation and execution of portfolio transactions and by ensuring adequate liquidity to support balance sheet growth is available at all times. Confirms portfolio transactions are properly executed and carry an acceptable amount of risk. Supports, liquidity management, stress testing, assumption updates, and model validation. Creates reports for management and regulators on portfolio composition, return, and risk.
- Analysis - Performs analysis on portfolio positions and assists in liquidity management. Sources, compiles, and interprets financial data to support structuring and approval of loans. Reviews industry information and comparisons, key risks and mitigants, and collaterals to form a general business overview of the borrower. Utilizes results of analysis to underwrite complex loans.
- Risk Management - Identifies risks through reviews, analysis, and research of new and existing loans. Works closely with Bank associates and partners to resolve risk issues, communicating review schedule and potential changes in the portfolio. Assists in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and management. May assist in the development of strategies to manage risk within the credit 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
