Credit Analyst: Non-Profit Lending Specialist I

Overview

This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office.

This position provides essential analytical analysis support to efficiently evaluate the creditworthiness of current and prospective commercial borrowers, with specific focus on not for profit organizations. Also performs various administrative duties to support the Bank's ongoing credit and risk management functions. Strong writing skills and possesses prior accounting, financial analysis or commercial lending credit analysis background. Good organizational skills and ability to multi-task are essential.

Responsibilities

• Portfolio Management - Prepare timely and insightful financial analysis and credit underwriting for a diverse, highly complex and sophisticated loan portfolio of not-for-profit organizations. Conduct ongoing credit risk rating risk reviews of existing portfolio on a minimum annual basis. Accurately assess the financial position of not or profit clients to support the Bank's credit decisions on credit exposure of varying size, up to its lending limits. This includes consistent monitoring of loan covenants, providing recommendations to credit and lending management on whether to approve or renew loans, modify terms of existing loans, maintain or change risk ratings of existing loans, and otherwise suggesting the appropriate credit action. Assess and prepare criticized loan status report.
• Financial analysis and credit underwriting - Perform thorough and concise pre-screening of new commercial loan requests in the not-for-profit sector through the identification of risks and mitigants by reviewing and analyzing the prospective borrowers' financial statements, including but not limited to income statements, cash flow statements, balance sheets, tax returns, real estate appraisal reports, environmental assessment reports and other loan repayment reports such as fundraising pledge reports. Prepare sensitivity analyses, pro forma cash flows, and assessments of collateral. Conduct analysis of the market and industry dynamics affecting the borrower especially as it relates to competition, State/Federal government funding and guarantees as well as other factors that may affect revenue or expenses. Assist with the preparation of pre-flight concept memos. Prepare credit memorandums for final credit approval.
• Loan closing and post approval loan documentation and booking support - Review approval conditions vis-a-vis the loan documentations for existing loans to ensure integrity of the credit process. Interface with Bank's loan operations department in the drawing of loan documentation, loan closing and booking.
• Compliance - Stay current on banking regulations and audit, regulatory and compliance requirements.

Qualifications

Bachelor's Degree and 4 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting OR High School Diploma or GED and 8 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting

Preferred Area of Experience: Lending to non-profit organizationsLicense or Certification Type: Successful completion of a formal credit or financial analyst training program PreferredSkill(s): Working knowledge with financial statement software such as Moody's CreditLens.

The base pay for this position is generally between $95,000 and $125,000. 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.

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.

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Qualifications:

Bachelor's Degree and 4 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting OR High School Diploma or GED and 8 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting

Preferred Area of Experience: Lending to non-profit organizationsLicense or Certification Type: Successful completion of a formal credit or financial analyst training program PreferredSkill(s): Working knowledge with financial statement software such as Moody's CreditLens.

The base pay for this position is generally between $95,000 and $125,000. 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.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and qua