First Citizens Bank

Director Business Dev Officer-Cap Equip Finance

First Citizens Bank$175K — $200K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree and 8 years of experience in transaction origination or High School Diploma and 12 years of experience in transaction origination.
  • Preferred: BA in Business or Economics.
  • Direct origination experience in equipment finance and leasing for companies with revenues over $75 million.
  • Strong understanding of credit, collateral, and structuring within equipment finance deals.
  • Demonstrated ability to close transactions and develop a new territory.

Responsibilities

  • Originate transactions ranging from $3MM to $100MM for the bank's account and through syndication.
  • Cross-sell other bank products through internal referrals.
  • Engage with C-suite executives to solicit and originate transactions.
  • Work with diverse equipment types across industries like construction, manufacturing, and energy.
  • Advocate for deals using strong credit skills in collaboration with the underwriting team to close transactions.

Benefits

  • Comprehensive and competitive benefits program tailored to meet associates' needs.
Full Job Description
Overview

This is a remote role that will only be hired in the following location(s): NY

First Citizens Bank - Capital Equipment Finance (CEF) provides equipment loans and leases for transactions ranging in size from $3 million to $100 million and more. We offer flexible structures and terms of up to eight years, with advance rates tailored to the collateral type, industry type and the credit profile of the borrowers. The CEF business unit targets clients with credit profiles ranging from B to BB+, in general.

Responsibilities & Qualifications

Duties & Responsibilities:
Focus on directly originating transactions of $3MM to $100MM both for "CEF's" own account and in connection with syndication to other industry players
Cross sell other First Citizens bank products through internal referrals
Interface with C Suite level executives
Solicit and origination transactions with all types of equipment types and industries including; construction, manufacturing - discrete and process, automotive, energy, transportation, chemicals and plastics, inland marine.
Act as deal advocate using strong credit skills in working with the underwriting team to facilitate transactions through closing.

Qualifications:

Required:

Bachelor's Degree and 8 years of experience in Direct origination of transactions ranging from $3MM to $100MM OR High School Diploma or GED and 12 years of experience in Direct origination of transactions ranging from $3MM to $100MM

Preferred:

  • BA Business or Economics
  • Understanding of all market deal structures
  • Direct origination of equipment finance and leasing transactions for companies with revenues greater than $75 million dollars.
  • 8 years in an Equipment finance deal origination role with strong understanding of credit, collateral and structuring
  • Originating transactions with all types of equipment types and industries including; construction, manufacturing - discrete and process, automotive, energy, transportation, chemicals and plastics, inland marine.
  • Strong track record closing transactions and developing a new territory
  • Strong and respected reputation in industry with strong base of clients and contacts
  • Previous credit background and bank experience a plus
  • Understands the benefits of selling tax lease products


Additional Information

If hired New York the base pay for this position is generally between $175,000.00 and $200,000.00. 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.

#LI-NK1

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.

About First Citizens Bank

First Citizens Bank is a regional bank that provides a range of financial services to individuals and businesses. The bank offers checking and savings accounts, loans, mortgages, credit cards, and investment services, as well as online and mobile banking. First Citizens Bank operates more than 500 branches in 19 states and the District of Columbia. The bank was founded in 1898 and is headquartered in Raleigh, North Carolina.
Learn more about First Citizens Bank
Size
6,000 employees
Industry
Founded
1898

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