About this role
This is a hybrid role that will only be hired in the following location: New York City, NY.
The VP, Portfolio Manager will be responsible for portfolio management activity on 26 accounts for equipment loans and leases which contribute to an aggregate portfolio exposure of $1Bn. You will be responsible for making recommendations on new credit requests, renewals, and modifications ensuring quality and soundness of all credit transactions.
Responsibilities
- Responsible for portfolio management activity on ~26 accounts for equipment loans and leases which contribute to an aggregate portfolio exposure of $1Bn
Ensures all applicable credit policies, standards, and procedures are within full regulatory compliance. - Responsible for making recommendations on new credit requests, renewals, and modifications ensuring quality and soundness of all credit transactions
Capture and document credit decisions, conditions, and modifications to meet client needs as well as balance the bank's internal risk/return requirements - Equipment finance knowledge across a wide range of asset classes and obligor types required, including underwriting experience as PM periodically handles new requests from clients or surges in prospect requests
#LI-NK1
Qualifications
Bachelor's Degree and 6 years of experience in Credit Analysis and Credit Underwriting OR High School Diploma or GED and 10 years of experience in Credit Analysis and Credit Underwriting
Preferred/Other Qualifications:
• Problem loan management/workout experience
• Strong Microsoft Office Skills
• Moody’s Credit Lens experience
• BA and 10+ years’ experience or MBA and 7+ years’ experience
• Equipment finance knowledge in the following asset classes - Transportation, Construction, Industrial/Manufacturing, Mining, Material Handling, Aircraft, Jones Act vessels, and Power Generation.
If hired in New York, New York the base pay for this position is generally between $110,000.00 and $160,000.00. If hired in Morristown, New Jersey the base pay for this position is generally between $105,000.00 and $150,000.00 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.
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.
#LI-NK1
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
- The VP, Portfolio Manager will manage portfolio activities for 26 accounts related to equipment loans and leases, ensuring compliance with credit policies. They will also make recommendations on credit requests and modifications to maintain quality in transactions.
Ready to join First Citizens Bank?
Take the next step in your career journey