Join to apply for the Underwriter Portfolio Manager III-Sponsor (hybrid) role at First Citizens Bank
1 week ago Be among the first 25 applicants
Join to apply for the Underwriter Portfolio Manager III-Sponsor (hybrid) role at First Citizens Bank
Get AI-powered advice on this job and more exclusive features.
Overview
This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.
Overview
This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.
First Citizens Sponsor Finance provides cash flow and asset based senior debt for private equity-backed transactions in the middle market throughout the United States.
The Associate Underwriter/Portfolio Manager Sponsor Finance underwrites credit exposure for and large credit relationships and circumstances and actively manages Sponsor portfolios. Manages portfolio risk and adheres to all regulatory and compliance guidelines.
Responsibilities
- As an Associate this is an opportunity to work within a small and growing group for a top 15 Bank, with significant advancement opportunities both in the department and other functional areas of First Citizens 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.
- Candidates will 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) preparing and presenting credit approval requests; iii) conduction independent industry research; iv) assist with funding and closing of transactions; and v) portfolio management of closed accounts.
- 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.
Bachelor'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 degree in business, Accounting, Finance, Economics or related degree that incorporates financial analysis
- 2 years of analytical and underwriting in commercial lending or investing environment
- The completion of a formal credit training program and experience with sponsor finance transactions
- Demonstrated analytical and 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.
- Detailed knowledge of Microsoft Office Applications
- Ability to function independently and as part of a small deal team.
The base pay for this position is generally between $110,000.00 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.
Seniority level
Seniority level
Not Applicable
Employment type
Employment type
Full-time
Job function
Job function
Finance and Sales-
Industries
Banking and Financial Services
Referrals increase your chances of interviewing at First Citizens Bank by 2x
Get notified about new Underwriter jobs in New York, NY .
New York, NY $110,000.00-$120,000.00 1 month ago
New York, NY $120,000.00-$130,000.00 1 week ago
Asset & Wealth Management, External Investing Group (XIG), Union Bridge Partners (Opportunistic Co-Investments / Structured Products), Vice President New York
New York, NY $70,000.00-$80,000.00 1 week ago
New York, NY $250,000.00-$250,000.00 1 month ago
New York City Metropolitan Area 1 week ago
New York, NY $90,000.00-$110,000.00 1 week ago
New York, NY $76,000.00-$111,000.00 2 weeks ago
New York, NY $205,000.00-$240,000.00 10 months ago
New York, NY $145,000.00-$185,000.00 1 week ago
New York, NY $250,000.00-$250,000.00 1 month ago
New York City Metropolitan Area $150,000.00-$250,000.00 3 weeks ago
New York, NY $151,000.00-$208,000.00 2 weeks ago
New York, NY $250,000.00-$750,000.00 3 weeks ago
New York, NY $200,000.00-$300,000.00 2 weeks ago
New York City Metropolitan Area $125,000.00-$150,000.00 2 weeks ago
Investment Analyst - (Concentrated Single Manager)
New York, NY $200,000.00-$200,000.00 1 week ago
New York, NY $200,000.00-$750,000.00 3 weeks ago
Investment Analyst - Long/Short Therapeutics
New York, NY $175,000.00-$200,000.00 1 week ago
New York, NY $210,000.00-$260,000.00 2 weeks ago
New York, NY $78,000.00-$139,000.00 2 weeks ago
New York, NY $100,000.00-$175,000.00 1 month ago
New York, NY $100,000.00-$200,000.00 2 days ago
Hedge Fund Portfolio Manager - Seed Funding
New York, NY $200,000.00-$750,000.00 1 day ago
New York, NY $150,000.00-$200,000.00 1 month ago
On Premise Premium Spirits Portfolio Manager - NYC - Sazerac
Were unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr