Associate/AVP Underwriting/Portfolio Manager - ABL (Hybrid)

$110,000 - $120,000/Yr

First Citizens Bank - New York, NY

Full-time - Mid Level

New York, NY

Credit Intermediation and Related Activities

About the position

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office. First Citizens Aerospace, Defense & Government, part of the company's Commercial Finance group, offers asset-backed loans for commercial aircraft, aircraft engines, and aircraft parts, as well as cash flow loans to manufacturers, service providers, and private equity sponsors in the sector. The Underwriter III/IV ADG will work within a team construct to assist and lead certain aspects of the credit underwriting and portfolio management of diverse debt solutions including specifically: (i) LBO Financing, (ii) Acquisition Financing, (iii) Debt Refinancing, and (iv) Recapitalizations for middle-market companies. Counterparties will include aerospace, defense, and government contracting focused companies, private equity teams, and other lenders. Candidates will prepare cash flow, ABL, and asset-backed models, conduct independent industry and business model research, assist in the underwriting of credits, and manage accounts post-close. The role also involves assisting in the preparation of waivers and amendment requests or add-on opportunities, updating ETT, CreditLens, and review forms in a timely manner, maintaining credit files in preparation for internal or external audits, and ensuring compliance with all CIT policies and procedures. A firm understanding of CIT systems and resources is essential for success in this position.

Responsibilities

• Prepare cash flow, ABL, and asset-backed models.
• Conduct independent industry and business model research.
• Assist in the underwriting of credits.
• Manage accounts post-close.
• Assist in the preparation of waivers and amendment requests or add-on opportunities.
• Update ETT, CreditLens, and review forms in a timely manner.
• Maintain credit files in preparation for internal or external audits.
• Ensure compliance with all CIT policies and procedures.

Requirements

• 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 for Underwriter III.
• Bachelor's Degree and 4 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 for Underwriter IV.
• Bachelor's in Business, Finance, Economics with courses relevant to business and financial analysis.
• At least 2 years of experience in business lending, finance or investing environment, financial reporting and analysis for Underwriter III.
• At least 4 years of experience in business lending, finance or investing environment, financial reporting and analysis for Underwriter IV.
• Aviation lending, leasing, investment, advisory experience.
• Completion of a formal credit training program is desired but not required.
• Demonstrated analytical and quantitative skills.
• Excellent oral and written communications skills.
• Time management skills to efficiently handle multiple tasks with changing priorities.
• Detailed knowledge of Microsoft Office Applications, including Excel and Power Point mastery.
• Attention to detail.
• Demonstrated team player able to learn (at times independently) and contribute.

Nice-to-haves

• Completion of a formal credit training program is desired but not required.

Benefits

• Comprehensive benefits program for full-time associates (20+ hours).
• Customized offerings designed to support families, however defined.
• Variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.