OverviewThis is a hybrid role, with the expectation that work time will regularly take place inside and outside of a company office.
This position is responsible to assist in the underwriting and 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.
Underwriting - Assist in the underwriting of ADG loans according to applicable regulations
Responsibilities- Underwriting - Assist in the underwriting of ADG loans according to applicable regulations, procedures, and guidelines. Interacts with customers to gather information throughout the approval process to determine the viability of repayment. Reviews financial statements, third-party reports (appraisals, field audits, Quality of Earnings, etc.), 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.
- Portfolio Management - Monitors assigned portfolio accounts for completeness of documentation, accuracy of credit grading, and potential exposures. Assist in the processing of line renewals and new requests as per loan approval servicing requirements. Performs other tasks related portfolio servicing and management.
- Analysis - Sources, compiles, and interprets financial data and third-party reports to support structuring, and approval of loans. Reviews industry information and comparisons, key risks and mitigants, and collateral coverage to form a general business overview of the borrower. Utilizes results of analysis to underwrite 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.
QualificationsBachelor's Degree and 2 years of experience in Credit Analysis, Underwriting or Risk Management OR High School Diploma or GED and 6 years of experience in Credit Analysis, Underwriting or Risk Management
Preferred: - Bachelors Business, Finance, Economics, Accounting
- Completion of a formal credit training program
If hired in New York, the base pay for this position is generally between $105,000.00 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.
