AVP, Underwriter Portfolio Manager IV-ADG - Hybrid (NY, GA, IL)

Overview

This is a hybrid role, with the expectation that work time will regularly take place inside and outside of a company office.  NY, GA, IL.

The AVP, Underwriter Portfolio Manager – ADG (Aerospace, Defense, Government Services) is responsible for the underwriting as well as portfolio management of ADG financing transactions. Responsible for analysis, reporting, and purchase or liquidation of assets within the portfolio. Monitors regulatory requirements and market trends, and modifies strategies as needed. Performs all activities to maximize value while minimizing risk, developing reports, dashboards, and other methods of evaluation to communicate status with the appropriate stakeholders.

Responsibilities

Underwriting - Leads the underwriting of credit actions according to applicable regulations, procedures, and guidelines. Interacts directly with customers to gather information throughout the approval process and to determine the viability of repayment. Reviews financial statements, third-party reports (appraisals, field audits, Quality of Earnings, etc.), communicates with customers or prospects, and performs analysis to recommend credit grades, covenants, and appropriate loan structuring. Prepares cash flow and asset backed financial models as well as supervises colleagues modeling efficiently and accurately.  Ensures all involved parties are updated on underwriting progress and outcome. Provides leadership in daily activities through underwriting production and credit analysis expertise.

Portfolio Management - Enhances Bank earnings through the recommendation and execution of portfolio transactions and by ensuring adequate liquidity to support balance sheet growth is available at all times. Confirms portfolio transactions are properly executed and carry an acceptable amount of risk. Supports, liquidity management, stress testing, assumption updates, and model validation. Creates reports for management and regulators on portfolio composition, return, and risk. Responsible for all aspects of annual reviews, waivers, amendment requests and documentation.  Ensures accurate recordation of PD / LGD and Fed regulatory ratings. Ensures credit files are maintained and accurate.

Analysis - Performs analysis on portfolio positions and assists in liquidity management. Sources, compiles, and interprets financial data and third-party reports to support structuring, and approval of loans. Reviews industry information and comparisons, key risks and mitigants, and collateral coverage to form a general business overview of the borrower. Utilizes results of analysis to underwrite complex loans.

Risk Management - Identifies risks through reviews, analysis, and research of new and existing loans. Works closely with Bank associates and partners to resolve risk issues, communicating review schedule and potential changes in the portfolio. Assists in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and management. May assist in the development of strategies to manage risk within the credit portfolio.

Mentor and tutor junior team members.

Qualifications

Required :

Bachelor's Degree and 4 years of experience in Credit Analysis, Underwriting or Risk Management OR High School Diploma or GED and 8 years of experience in Credit Analysis, Underwriting or Risk Management

Preferred :

• Bachelors in Accounting, Business, Finance, or Economics
• Finance, Banking License
• Completion of a formal credit training program
• Underwriting / portfolio management experience
• Cash flow and asset backed financial models
• Familiarity of Third-party reports including appraisals, field audits, and quality of earnings
• Mentoring others

If hired in NY, GA, IL the base pay for this position is generally between $130,000.00 and $140,000.00. 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.

Company Description :

Founded in 1898 and headquartered in Raleigh, N.C., First Citizens Bank serves customers in 18 states and the District of Columbia. For over 100 years, customers have trusted First Citizens with their money … and their futures. Today, First Citizens is the largest family-controlled bank in the nation and the sixth-largest bank franchise headquartered in the Southeast with more than $30 billion in assets. We employ more than 6,000 associates who are focused on helping our customers achieve a lifetime of success. First Citizens operates more than 570 branches in Arizona, California, Colorado, District of Columbia, Florida, Georgia, Kansas, Maryland, New Mexico, Missouri, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington and West Virginia.

First Citizens Bank. Forever First®. Member FDIC.

Equal Opportunity / Affirmative Action Employer / Minority / Female / Disability / Veteran

If you need special assistance or an accommodation in applying for employment at First Citizens Bank, please contact our Human Resources department.