Underwriter Portfolio Manager III-Sponsor (hybrid)

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.

• 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 Citizen's 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:

• Bachelor's 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.

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.

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.