OverviewThis is a hybrid role with the expectation that time working will regularly take place inside and outside of the company office.
First Citizens Sponsor Finance provides cash flow senior debt for private equity-backed transactions in the middle market and lower middle market throughout the United States.
As an Underwriter Portfolio Manager II, this is an opportunity to work within a small and growing group for a top 20 Bank, with significant advancement opportunities both in the department and other functional areas of First Citizen's Commercial Bank.
Candidates will work within a team construct to assist in the credit underwriting and portfolio management of diverse debt solutions for middle-market companies. Specifically: (i) LBO Financing, (ii) Acquisition Financing, (iii) Debt Refinancing, and (iv) Recapitalizations-working with potential borrowers, private equity teams, and other Lenders.
Responsibilities- Prepare cash flow models, conduct independent industry research, will assist in the underwriting of credits, and will manage accounts post close
- Specific new business underwriting duties include: i) financial modeling; ii) independent industry research; iii) compiling and presenting approval requests; iv) preparing and negotiating legal documents; and v) funding and closing transactions
- Specific portfolio management duties include: i) preparing waiver and amendment requests or underwriting add-on opportunities; ii) monitoring individual accounts for performance trends to ensure accurate and timely risk ratings; and iii) maintaining credit files in preparation for internal or external audits
- Ensure compliance with all FCB policies and procedures
- Firm understanding of FCB systems and resources
- Risk Management - Identifies risks through periodic reviews, analysis, and research of new and existing loans. Communicates identified risks, financial performance and credit agreement compliance, and potential changes in the portfolio. Identifies emerging credit problems and industry trends. Adheres to all external regulations and internal policies and procedures ensuring compliance
QualificationsBachelor's Degree and 1 years of experience in Credit analysis, underwriting or Risk Management OR High School Diploma or GED and 5 years of experience in Credit analysis, underwriting or Risk Management
Preferred Skills:
- Bachelor's degree in Business, Economics, Finance
- Finance / Banking experience
- 1 plus years experience in commercial underwriting / leverage finance
- Strong analytical skills and underwriting knowledge in commercial lending or related financial environment
- Demonstrated quantitative skills with attention to detail
- Excellent oral and written communications skills
- Time management skills to efficiently handle multiple tasks with changing priorities. Demonstrated ability to anticipate and problem solve to then take initiative to drive processes forward and make recommendations
- Detailed knowledge of Microsoft Office Applications
- Attention to detail and ability to solve problems
- Completion of a formal credit training program
- Ability to function both independently and as part of a deal team.
The base pay for this position is generally between $90,000.00 and $105,000.00. 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.
