About this role
Underwriting analysts will build a broad and deep technical skillset through online coursework and on the job training as launchpad for continued success. Analysts will focus on understanding credit policies & procedures, underwriting fundamentals, core values and strategic priorities of the Bank. Analysts will spend time learning financial analysis and excel modeling and application-specific systems related to their specific business units.
Responsibilities
- Underwriting - Underwrites accounts according to applicable regulations, procedures, and guidelines. Reviews for proper documentation, 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.
- Support - Answers inquiries and resolves daily issues regarding file status from clients, associates, and outside parties. Assists with any administrative/clerical duties necessary to facilitate work in the energy group.
- Risk Management - Identifies, and communicates risks, through reviews, analysis, and research of new and existing energy loans.
- Subject Proficiency - Maintains proficiency and understanding of underwriting principles, applicable procedures, and agency guidelines as per regulations in multiple states. Utilizes knowledge to address unusual underwriting issues that develop during course of work.
Qualifications
Bachelor's Degree and 0 years of experience in Coursework or internship commercial lending or credit Analysis, financial statement analysis, and finance fundamentals within the energy industry OR Associate's Degree and 2 years of experience in Coursework or internship in commercial lending or credit Analysis, financial statement analysis, and finance fundamentals within the energy industry.
Preferred Education: Master's degree
Preferred Area of Study: Energy Management, Renewable and Sutainable Energy, Energy Investment Banking, Energy Trading & Financial Reporting, Energy Modeling.
The base pay for this position is generally between $40.85/hour and $43.27/hour. 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.
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.
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Other facts
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 500 branches and offices in 30 states; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.
Visit firstcitizens.com or call toll-free 1.888.FC DIRECT (1.888.323.4732). First Citizens Bank. Forever First®. Member FDIC. Equal Housing Lender.
Social Media Terms of Use: https://www.firstcitizens.com/socialterms
What you'll do
- Underwriters will analyze accounts according to regulations and guidelines, ensuring proper documentation and communication with clients. They will also identify and communicate risks associated with energy loans.
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