Commercial Underwriter I

Commercial Underwriter I

This is a remote role that will be hired in North Carolina or Utah; with a preference for those located within commuting distance of Salt Lake City, Utah.

This Commercial Underwriter I will support the underwriting and portfolio management of our cash management product portfolio, which includes small business and corporate credit cards, ACH, letters of credit. We are looking for the right individual to contribute to this exciting opportunity by supporting some of the most influential entrepreneurs and investors to launch and grow their business. We support companies in the innovation space including technology, software, fintech, life science, as well as premium wine clients. You will underwrite and prepare detailed credit presentations on cash management products based on established bank credit policies and procedures. They will work and collaborate closely with bankers, relationship managers, underwriting managers, and senior credit officers to underwrite, prepare, and present credit action recommendations on new and existing accounts. They may also manage and monitor an assigned portfolio of cash management accounts to ensure all documentation is up to date, and if necessary, any potential risk mitigation action is promptly taken.

Industry knowledge and subject matter expertise are required to effectively perform the following:

• Independently conduct and/or assist with underwriting due diligence, structuring, and documenting credit recommendations on new and existing case requests for standard credits
• Independently monitor assigned cash management product portfolio's credit quality to ensure proactive and timely risk mitigation action when necessary
• Prepare thorough and clearly articulated credit presentations with thoughtful and appropriate recommendations following established credit policies and procedures
• Effectively communicate and collaborate with bankers, relationship managers, underwriting managers, and senior credit officers
• Ensure compliance with relevant banking regulations including but not limited to Regulation B, Regulation O, Regulation W, and other fair lending regulations

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:
• BS/BA Degree in related fields such as Finance, Accounting, Statistics, Math or Economics
• Experience in underwriting and portfolio management Cards, ACH, or letters of credit
• Working knowledge of commercial financial statement analysis, portfolio management, banking cash management products
• Knowledge and understanding of relevant banking regulations including but not limited to Regulation B, Regulation O, Regulation W, ECOA and other fair lending regulations
• Strong business writing skills
• Strong professional communication and collaboration skills
• Ability to multi-task, manage and track numerous cases at a time
• Ability to learn and quickly digest new information in a continuously changing fast paced environment
• Demonstrated proficiency working with computers and standard Microsoft Office applications (Outlook, Excel, Word, and PowerPoint)
• Knowledge of Power BI, Tableau, SAS, SQL or other data management applications or computer language

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