Underwriter III-Sponsor

2 weeks ago


New York County New York, United States First Citizens Bank Full time
Overview:
This position supports the Sponsor team at an advanced level through underwriting, analysis, and structuring recommendations for Sponsor portfolios. Identifies, gathers, and reviews financial information to determine borrower risk ratings and appropriate loan structuring. Assesses and communicates risks within new and existing Sponsor 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:
Underwriting - Underwrites Sponsor 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 Sponsor loans.

Risk Management - Identifies risks through reviews, analysis, and research of new and existing Sponsor loans. Communicates identified risks, review schedule, and potential changes in the Sponsor 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 generally $100,000 to $120,000 per year. 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: .

Qualifications:
Bachelor's Degree and 2 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis. OR High School Diploma or GED and 6 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.Preferred Education: BachelorsPreferred Area of Study: Business, Finance, EconomicsPreferred Area of Experience: Finance, BankingSkill(s): Completion of a formal credit training program preferred



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