Underwriter / Portfolio Manager I – Syndicated Loan Group – Analyst Developm

Overview

Underwriter / Portfolio Manager I - Syndicated Loan Group - Analyst Development Program

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office

The Syndicated Loan Group within First Citizens Bank is hiring an Underwriting / Portfolio Manager Analyst to participate in the Commercial Bank Analyst Development Program.

The Syndicated Loan Group participates in Broadly Syndicated Loans (“BSL”) led by investment and commercial banks. Investments are made in the Term Loan B / Institutional Loan market, a sophisticated market over $1T in size. These borrowers are non-investment grade, high yield credits spanning all industries. Transactions are driven primarily by equity sponsor related activity (LBOs, sponsor “flip” transactions, dividend recaps) and corporate transactions (M&A, etc.) from publicly traded and private companies.

About the Analyst Development Program:

As an Analyst you will participate in the Commercial Bank Analyst Development Program which is designed to build a broad and deep technical skillset through formal classes, online coursework, and on the job training.

The program beings July 9, 2025, on-site at our New York City Office with an 8-week intensive curriculum where participants learn about:

• Underwriting fundamentals
• Financial Analysis and Excel Modeling
• First Citizens Bank Core Values
• Application-specific training on systems
• Business unit overviews with team leaders
• Strategic priorities of the Bank
• Credit Policies and Procedures

Following the 8 weeks, Analysts join their teams and stay connected with colleagues through training and professional development sessions. We provide a superior foundation and launchpad for continued success for our Analysts as they begin their careers.

Responsibilities

Upon completion of the ADP program, candidates will join the SLG Team and begin to develop credit analyst skills by assisting with underwriting of potential new transactions and managing a portfolio of investments.

Analysts will:

• Prepare cash flow models, conduct independent industry research, assist in the underwriting of credits, and manage accounts post-close.
• Assist in preparing new business requests, waiver and amendment requests or add-on financing requests for existing borrowers.
• Prepare historical financial analysis and projection models for new and or existing borrowers.
• Prepare quarterly review forms for existing borrowers and present at quarterly portfolio reviews.
• Maintain credit files and ensure compliance with all FCB policies and procedures.
• Develop firm understanding of FCB systems and resources.

Qualifications

Required:

• Bachelor’s degree required upon start of the program.

Preferred:

• Undergraduate degree in Finance, Accounting, or Economics.
• Major or concentration in fields noted above.
• Minimum GPA 3.0 or higher.
• Ability to demonstrate strong analytical and quantitative skills.
• Previous internship experience in an analytical role within a financial services institution.
• Attention to detail.
• Strong verbal and written communications skills.
• Strong time management skills.
• Ability to problem solve.
• Team first attitude and willingness to work with and learn from others.

If hired in New York, the base pay for this position is generally between $36.06/hr - 43.27/hr. 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.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits.