OverviewThe Power and Renewables Energy Group within First Citizens Bank's Energy Finance Business is hiring a Commercial Banking Underwriting Analyst to participate in the Analyst Development Program. The Power and Renewable Energy Group lends money to finance large scale US conventional gas power projects and renewable energy projects such as solar, wind, and battery storage. The team arranged over $1 billion in debt financing in 2026 and consistently ranks among the top banks in leading financings for US power and renewables projects.
About the Analyst Development Program:
As an Analyst you will participate in the Commercial Bank Analyst Development Program which is designed to build a broad and deep technical skillset through formal classes, online coursework, and on the job training.
The program starts on July 7, 2027, on-site at our New York City Office with an 8-week intensive curriculum where participants learn about:
Underwriting fundamentals
Financial Analysis and Excel Modeling
First Citizens Bank Core Values
Application-specific training on systems
Business unit overviews with team leaders
Strategic priorities of the Bank
Credit Policies and Procedures
Following the 8 weeks, Analysts join their teams and stay connected with colleagues through training and professional development sessions. We provide a superior foundation and launchpad for continued success for our Analysts as they begin their careers.
Responsibilities & QualificationsUpon completion of the ADP program, candidates will join the Power and Renewables Energy Group and work within a team construct to assist in the credit underwriting and portfolio management of diverse debt solutions for middle-market companies.
Analysts will perform:
- Financial modeling in excel of solar, wind, gas and battery storage projects
- Due diligence of projects including company and industry analysis, reviewing engineering, market, insurance and transmission studies
- Preparation of internal credit memorandum
- Preparation of marketing materials for potential clients and other lenders
- Work as part of a Deal Team on live transactions, engaged in many aspects of credit underwriting and portfolio management, financial analysis, credit memo preparation
- Participate in internal credit approval meetings and client/customer calls, as appropriate.
POSITION SPECIFIC SKILLS
- Analytical Reasoning
- Communication (Written and Verbal)
- Credit Analysis
- Critical Thinking Skills
- Financial Analysis
BASIC QUALIFICATIONS
Minimum Required Education and Experience: Bachelor's Degree OR Associate's Degree/Equivalent and 2 years' experience in Coursework or internship in commercial lending or credit Analysis, financial statement analysis, and finance fundamentals
PREFERRED QUALIFICATIONS
- Bachelor's degree completed upon start of the program (by July 7, 2027)
- Major or concentration in a quantitative field including engineering, finance, accounting or economics
- Strong verbal and written communication skills
- Preferred minimum undergraduate GPA 3.0.
- Previous internship experience in an analytical role within an energy focused institution.
- Strong interest in power and energy
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Additional InformationThe base pay for this position is generally between $36.06/hour and $43.27/hour. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.
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.
