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Form of workThe Maritime Finance group within First Citizens Bank is hiring an Underwriting Analyst to participate in the Commercial Bank Analyst Development Program.
About the Analyst Development Program
As an Analyst you will participate in the Commercial Bank Analyst Development Program which is designed to build a broad and deep technical skillset through formal classes, online coursework, and on the job training.
Program begins July 2024, on-site at our New York City Office with a 6-week intensive curriculum where participants learn about:
• Credit Policies and Procedures
• Underwriting fundamentals
• Financial Analysis and Excel Modeling
• First Citizens Bank Core Values
• Application-specific training on systems
• Business unit overviews with team leaders
• Strategic priorities of the Bank
Following the 6-weeks, Analysts join their teams and stay connected with colleagues through trainings and professional development sessions. We provide a superior foundation and launchpad for continued success for our Analysts as they begin their careers.
About the Maritime Finance Team
The Maritime team partners with Private Equity firms, Mezzanine funds and Private Credit funds to offer senior secured loans, sale-leasebacks and bareboat charters to owners and operators of oceangoing cargo vessels, including oil tankers, bulkers, container ships and LNG tankers. experienced sponsors in the top 35 MSAs in the US. They focus primarily on bridge, construction and repositioning loans across all property sectors.
The base pay for this position is relative to your experience but the range is $36.06/hr - 43.27/hr. 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.
Responsibilities
- Prepare historical financial analysis, projection models and assist in the underwriting of loans.
- Conduct independent industry research.
- Assist in the management and reporting of loans post close.
- Participate in the creation of credit committee documents.
- Attend and contribute to credit committee meetings.
- Develop understanding and maintain awareness of trends and conditions in their respective business unit.
- Maintain credit files in preparation for internal or external audits.
- Develop a firm understanding of FCB systems and resources.
Qualifications
Required:
Bachelor’s degree required upon start of the program.
Preferred:
Major or concentration in math, finance, accounting or economics.
Ability to demonstrate strong analytical and quantitative skills.
Minimum undergraduate GPA of 3.3, preferred GPA of 3.5.
Previous internship experience in an analytical role within a financial services institution.
