Underwriter I, Sponsor Finance

About the Role

The Sponsor Finance Group within First Citizens Bank is hiring an Underwriting Analyst to participate in the Commercial Bank Analyst Development Program. Sponsor Finance maintains long-standing relationships with middle market private equity firms across the U.S., providing financing for leveraged buyouts, acquisition financing, debt refinancing, and recapitalizations. Analysts will focus on understanding credit policies & procedures, underwriting fundamentals, core values, and strategic priorities of the Bank, developing a broad and deep technical skillset through online coursework and on-the-job training. This is a hybrid role.

About The Analyst Development Program

The Commercial Bank Analyst Development Program 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 2027, on-site at our New York City Office with an 8-week intensive curriculum covering:

• 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 through training and professional development sessions.

Key Responsibilities

Upon completion of the ADP program, candidates will join the Sponsor Finance Team to assist in the credit underwriting and portfolio management of diverse debt solutions for middle-market companies. Responsibilities include:

• Prepare cash flow models, conduct independent industry research, assist in underwriting of credits, and manage accounts post-close.
• Assist in preparing new business requests, waiver and amendment requests, or add-on financing requests for existing borrowers.
• Prepare historical financial analysis and projection models for new and/or existing borrowers.
• Maintain credit files in preparation for internal or external audits.
• Ensure compliance with all FCB policies and procedures.
• Develop a firm understanding of FCB systems and resources.

Position Specific Skills

• Partnerships and Collaboration
• Communication (Written and Verbal)
• Critical thinking skills

Requirements & Tech Stack

• Bachelor's Degree and 0 years of experience OR High School Diploma or GED and 4 years of experience in coursework or internship in commercial lending or credit analysis, financial statement analysis, and finance fundamentals.
• Bachelor's degree completed upon start of the program (Preferred).
• Undergraduate GPA of 3.0 or higher (Preferred).
• Major or concentration in a quantitative field including math, business, finance, accounting or economics (Preferred).
• Ability to demonstrate strong analytical and quantitative skills (Preferred).
• Previous internship experience in an analytical role within a financial services institution (Preferred).