Address
Form of workThe Associate, Underwriter supports the Healthcare team at an advanced level through underwriting, analysis, and structuring recommendations for Healthcare portfolios. Identifies, gathers, and reviews financial information to determine borrower risk ratings and appropriate loan structuring. Assesses and communicates risks within new and existing Healthcare 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
Job Responsibilities:
- Underwriting - Underwrites Healthcare 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 Healthcare loans.
- Risk Management - Identifies risks through reviews, analysis, and research of new and existing Healthcare loans. Communicates identified risks, review schedule, and potential changes in the Healthcare 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.
The base pay for this position is relative to your experience but the range is $100,000 - $120,000/Yr. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive, comprehensive benefits program which you can review here: https://jobs.firstcitizens.com/benefits.
Qualifications
Basic Qualifications:
- Bachelor’s degree and 2 years of experience
- Minimum of 2 years of relevant experience in credit underwriting, credit analysis, or portfolio management in leveraged and cash flow lending; preferred
Other/Preferred Qualifications:
- Completion of a formal credit training program
- Bachelor’s degree in business, finance or accounting
- Proficiency in financial modeling and financial statement analysis
- Excellent writing and communication skills
- Proficiency with Microsoft Excel, Word and PowerPoint
