First Citizens Bank
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VP, Senior Underwriter-CMS (hybrid)
role at
First Citizens Bank
1 week ago Be among the first 25 applicants
Overview This is a hybrid role with the expectation that time working will regularly take place inside and outside of our New York City office.
This position leads underwriting efforts by servicing Commercial Services (CMS) prospects at the highest level of ability and complexity. Takes lead responsibility in preparation and analysis of loan underwriting presentations for factoring, working capital financing, credit protection and receivables management services. Supports the Business Development Officers with expertise in structuring, analysis, and credit documentation for CMS prospects. Leads special projects as needed to facilitate CMS lending activities and service capabilities and may act in a leadership role to less experienced underwriters in the work group.
Responsibilities
Underwriting
- Works closely with Underwriting Manager, Business Development Officers, Legal, Credit Risk, Operations, and other relevant departments; communicates on an ongoing basis and manages the underwriting function in a timely and collaborative manner and within established guidelines and expectations. Coordinates all closing activities with applicable departments (Operations, Credit, Legal, etc.) and manages deal throughout the entire process, including for preparation/negotiation/execution of all legal documentation, system set up, and handoff to Portfolio Management team in an appropriate manner.
Risk Management
- Ensures all underwritings adhere to internal credit procedures and provides written reports and recommendations to Risk in a clear, concise, and well-articulated manner. Identifies and obtains approval for any exceptions to internal policies or procedures during the underwriting process. Adheres to corporate and business specific policies and considers appropriate controls as part of day-to-day responsibilities. Leads KYC/BSA process and ensures all KYC compliance requirements have been met prior to transaction close.
Analysis
- Performs rigorous financial analyses of transactions including financial statement analysis, customer evaluation, detailed collateral analysis, risk rating, and industry/competitor analysis to assess transaction risk. Analyzes financial statements and capital structures, prepares financial spreads, performs sensitivity / scenario analysis; conducts business/industry/competitor analysis to identify transaction risks and mitigates; provides recommendations on the transaction based on due diligence.
Business Support
- Assists the portfolio team with transactions related to client acquisitions, refinancing, and other opportunities. Identifies cross-sale opportunities for prospects. Assists management with peer development and training.
Qualifications Basic Qualifications:
Bachelor's Degree and 6 years of experience in Commercial Banking, Credit and/or Underwriting, Financial Services, Factoring and/or ABL
OR
High School Diploma or GED and 10 years of experience in Commercial Banking, Credit and/or Underwriting, Financial Services, Factoring and/or ABL
Required Qualifications:
Commercial lending experience including underwriting and executing factoring/ABL transactions
Solid understanding of financial statements, proficiency in financial modeling, and strong analytical skills with an ability to question assumptions
Strong communication and interpersonal skills; team player
Self-motivated with high energy levels; ability to prioritize and multi-task effectively
Some experience of Factoring deals is a plus; ability to understand legal documentation and experience of managing deals is a plus
The base pay for this position is generally $160,000 - $190,000 per year, relative to experience. Actual starting pay depends on skills, experience, location, and other factors. Total compensation may include variable incentives, bonuses, benefits, and other awards as outlined in the employment offer.
Benefits are a key part of total rewards. First Citizens Bank offers a competitive benefits program. More info at
https://jobs.firstcitizens.com/benefits .
Additional Details
Seniority level: Not Applicable
Employment type: Full-time
Job function: Finance and Sales
Industries: Banking and Financial Services
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VP, Senior Underwriter-CMS (hybrid)
role at
First Citizens Bank
1 week ago Be among the first 25 applicants
Overview This is a hybrid role with the expectation that time working will regularly take place inside and outside of our New York City office.
This position leads underwriting efforts by servicing Commercial Services (CMS) prospects at the highest level of ability and complexity. Takes lead responsibility in preparation and analysis of loan underwriting presentations for factoring, working capital financing, credit protection and receivables management services. Supports the Business Development Officers with expertise in structuring, analysis, and credit documentation for CMS prospects. Leads special projects as needed to facilitate CMS lending activities and service capabilities and may act in a leadership role to less experienced underwriters in the work group.
Responsibilities
Underwriting
- Works closely with Underwriting Manager, Business Development Officers, Legal, Credit Risk, Operations, and other relevant departments; communicates on an ongoing basis and manages the underwriting function in a timely and collaborative manner and within established guidelines and expectations. Coordinates all closing activities with applicable departments (Operations, Credit, Legal, etc.) and manages deal throughout the entire process, including for preparation/negotiation/execution of all legal documentation, system set up, and handoff to Portfolio Management team in an appropriate manner.
Risk Management
- Ensures all underwritings adhere to internal credit procedures and provides written reports and recommendations to Risk in a clear, concise, and well-articulated manner. Identifies and obtains approval for any exceptions to internal policies or procedures during the underwriting process. Adheres to corporate and business specific policies and considers appropriate controls as part of day-to-day responsibilities. Leads KYC/BSA process and ensures all KYC compliance requirements have been met prior to transaction close.
Analysis
- Performs rigorous financial analyses of transactions including financial statement analysis, customer evaluation, detailed collateral analysis, risk rating, and industry/competitor analysis to assess transaction risk. Analyzes financial statements and capital structures, prepares financial spreads, performs sensitivity / scenario analysis; conducts business/industry/competitor analysis to identify transaction risks and mitigates; provides recommendations on the transaction based on due diligence.
Business Support
- Assists the portfolio team with transactions related to client acquisitions, refinancing, and other opportunities. Identifies cross-sale opportunities for prospects. Assists management with peer development and training.
Qualifications Basic Qualifications:
Bachelor's Degree and 6 years of experience in Commercial Banking, Credit and/or Underwriting, Financial Services, Factoring and/or ABL
OR
High School Diploma or GED and 10 years of experience in Commercial Banking, Credit and/or Underwriting, Financial Services, Factoring and/or ABL
Required Qualifications:
Commercial lending experience including underwriting and executing factoring/ABL transactions
Solid understanding of financial statements, proficiency in financial modeling, and strong analytical skills with an ability to question assumptions
Strong communication and interpersonal skills; team player
Self-motivated with high energy levels; ability to prioritize and multi-task effectively
Some experience of Factoring deals is a plus; ability to understand legal documentation and experience of managing deals is a plus
The base pay for this position is generally $160,000 - $190,000 per year, relative to experience. Actual starting pay depends on skills, experience, location, and other factors. Total compensation may include variable incentives, bonuses, benefits, and other awards as outlined in the employment offer.
Benefits are a key part of total rewards. First Citizens Bank offers a competitive benefits program. More info at
https://jobs.firstcitizens.com/benefits .
Additional Details
Seniority level: Not Applicable
Employment type: Full-time
Job function: Finance and Sales
Industries: Banking and Financial Services
#J-18808-Ljbffr