Underwriter I, Maritime Finance

About the Role

First Citizens Maritime Finance offers customized solutions for secured loans to vessel owners and operators, focusing on the freight, bulker, and container shipping sectors. This role is part of the Commercial Bank Analyst Development Program.

About the Analyst Development Program

This program is designed to build a broad and deep technical skillset through formal classes, online coursework, and on-the-job training.

• Program Start: July 2026, on-site at the New York City Office.
• Initial Training (6 weeks):
• Credit Policies and Procedures
• 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
• Following the initial training, Analysts join their teams and continue professional development.

About the Maritime Finance Team

This team partners with Private Equity firms, Mezzanine funds, and Private Credit funds to offer senior secured loans, sale-leasebacks, and bareboat charters to owners and operators of oceangoing cargo vessels (oil tankers, bulkers, container ships, LNG tankers). They focus on bridge, construction, and repositioning loans.

Key Responsibilities

• Prepare historical financial analysis and projection models.
• Assist in the underwriting of loans.
• Conduct independent industry research.
• Assist in the management and reporting of loans post-close.
• Participate in the creation of credit committee documents.
• Attend and contribute to credit committee meetings.
• Develop understanding and maintain awareness of trends and conditions in the respective business unit.
• Maintain credit files in preparation for audits.
• 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 and 4 years of experience in:
• Commercial lending or credit analysis
• Financial statement analysis
• Finance fundamentals

Preferred Qualifications

• Major or concentration in finance or accounting.
• Strong financial analyst skills and writing ability.
• Previous financial internship experience in an analytical role within a financial services institution.
• GPA of 3.0 or higher.
• Maritime sector experience is a plus.