OverviewThis is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office.
The Underwriter III - CEF supports the Capital Equipment Finance (CEF) team at an advanced level through underwriting, analysis, and structuring recommendations for CEF portfolios. Identifies, gathers, and reviews financial information to determine borrower risk ratings and appropriate loan structuring. Assesses and communicates risks within new and existing CEF accounts. Provides service and support for both associates and clients, assisting in customer calls and may assist in identifying cross-sales opportunities to facilitate lending activities.
Responsibilities- Underwriting - Underwrites CEF accounts according to applicable regulations, procedures, and guidelines. Reviews financial statements, communicates with clients or prospects, and performs analysis to recommend credit grades and appropriate loan structuring. Ensures all involved parties are updated on underwriting progress and outcome.
- Analysis - Sources, compiles, and interprets financial data to support structuring and approval of loans. Reviews industry information and comparisons, key risks and mitigants, and collateral to form a general business overview of the borrower. Utilizes results of analysis to underwrite CEF loans.
- Risk Management - Identifies risks through reviews, analysis, and research of new and existing CEF loans. Communicates identified risks, review schedule, and potential changes in the CEF portfolio. Assists in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and management.
- Business Support - May assist in the identification of cross-sales opportunities and servicing information. Prepares credit analysis documentation. Partners with associates and clients to determine needs and structuring of new requests, participating in client and prospect calls as needed.
- Present and support credit analysis findings to peers, Management, and Risk partners.
QualificationsRequired: Bachelor's Degree and 2 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 6 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve-month analysis
Preferred:- Bachelors Business, Finance, Economics
- Completion of a formal credit training program preferred
- Cash flow analysis
- Commercial Leasing and Lending including operating leases and term loans
- Experience with CreditLens
- Experience with financial analysis modeling
If hired in New York, Florida or New Jersey the base pay for this position is generally between $110,000.00 and $120,000.00. 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.
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.
