Commercial Underwriter I at First Citizens Bank and Trust Company

Raleigh, North Carolina, United States -

Full Time

Start Date

Immediate

Expiry Date

01 Apr, 26

Salary

0.0

Posted On

01 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting, Credit Analysis, Risk Management, Financial Analysis, Communication, Microsoft Excel

Industry

Banking

Description

Overview This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office. This role will be located in Raleigh or Charlotte, NC. The Commercial Underwriter I supports the commercial lending team through underwriting, analysis, and structuring recommendations for commercial portfolios. Identifies, gathers, and reviews financial information to determine borrower risk ratings and appropriate loan structuring. Assesses and communicates risks within new and existing commercial credits. Provides service and support for both associates and clients, assisting in customer calls and may assist in identifying cross-sales opportunities to facilitate lending activities. Responsibilities Underwriting - Underwrites commercial credit actions according to applicable regulations, procedures, and guidelines. Reviews financial statements, 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. Analysis - Sources, compiles, and interprets financial data to support structuring and approval of loans. Reviews industry information and comparisons, key risks and mitigants, and collateral to form a general business overview of the borrower. Utilizes results of analysis to underwrite commercial loans. Risk Management - Identifies risks through reviews, analysis, and research of new and existing commercial loans. Communicates identified risks, review schedule, and potential changes in the commercial portfolio. Assists in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and management. Business Support - May assist in the identification of cross-sales opportunities and servicing information. Prepares credit analysis documentation. Partners with associates and clients to determine needs and structuring of new requests, participating in client and prospect calls as needed. Qualifications Bachelor's Degree and 2 years of experience in Credit Analysis and General Commercial Banking OR High School Diploma or GED and 6 years of experience in Credit Analysis and General Commercial Banking Preferred Qualifications: Advanced Degree in Finance, Accounting, Economics Experience with credit relationships 5 million and above. Microsoft Excel competency required. Strong written and verbal communication skills required. 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.

Responsibilities

The Commercial Underwriter I supports the commercial lending team through underwriting, analysis, and structuring recommendations for commercial portfolios. They assess and communicate risks within new and existing commercial credits while providing service and support for associates and clients.