Underwriter - Aerospace, Defense & Government Financing (Analyst Development Program)

The Aerospace, Defense and Government Finance business ("ADG") within First Citizens Bank is hiring an Underwriting Analyst to participate in the Commercial Bank Analyst Development Program.

The Aerospace, Defense, and Government Finance business ("ADG") within First Citizens Bank is a middle market banking franchise focused on providing customer financing and banking solutions to clients within the ADG sectors in the U.S. and select foreign borrowers. ADG typically finances multiple aviation asset classes under asset-backed loan structures as well as lends under cash flow structures to borrowers in the US government and defense sectors secured by all assets of a borrower's enterprise. Transaction sizes range from $15 million to $1 billion with ADG hold sizes up to $100MM.

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 starts in July 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.

Upon completion of the ADP program, candidates will join the Aerospace, Defense, & Government Finance Team and work within a team construct to assist in the credit underwriting and portfolio management of diverse debt solutions for middle-market companies.

Analysts will:

• Cash flow modeling in Excel incorporating various ADG loan structures and borrower projections
• Due diligence of clients including company and industry analysis
• Assisting in the preparation of internal credit memorandum
• Preparation of marketing materials for potential clients and other lenders
• Work as part of a Deal Team on live transactions, engaged in many aspects of credit underwriting and portfolio management, financial analysis, and credit memo preparation
• Participate in internal credit approval meetings and client/customer calls, as appropriate.
• Ensure compliance with all FCB policies and procedures.
• Firm understanding of FCB systems and resources

Required Qualifications

• Bachelor's degree required upon start of the program.
• 3 GPA or higher

Preferred Qualifications

• Major or concentration in quantitative field including math, business, finance, accounting or economics
• Ability to demonstrate strong analytical and quantitative skills.
• Preferred minimum undergraduate GPA 3.5.
• Anticipated graudation in 2025
• Previous internship experience in an analytical role within a financial services institution.
• Interest in aerospace, defense and government financing

The base pay for this position is generally between $36.06/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.

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.