Senior Portfolio Manager-Energy

About the Opportunity

This is a hybrid or remote role, with the expectation that time working will regularly take place inside and outside of our NY or CA office for the hybrid role. Open to remote in several markets for highly qualified candidate.

About Company

First Citizens offer you the strength and stability of a diversified financial institution with a 125-year tradition of service and the personalized approach of a nimble financial partner.

First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.

Responsibilities

• Supporting the portfolio management team, including leading monthly diligence and draws on construction loans, leading all work on amendment and waiver requests, leading deal upsizes and extensions for existing deals, and assisting in preparing for and responding to internal and external audits.
• Acting as Administrative Agent on a number of deals, coordinating communication of construction fundings, deal modifications, and monitoring between the Borrower, Lenders’ Legal Counsel, Syndicate Banks, and back-office functions.
• Performing Agent duties that require active communication with various external parties, attending meetings and conference calls with Lenders and clients, and acting as point person for Syndicate banks.
• Proactively managing all aspects of regular construction fundings, leading diligence, structuring, and analysis of deal modification requests, and managing the approval process for lending commitments, amendments, waivers, and consents.
• Performing financial modeling to review and analyze projections for construction fundings and deal modifications, interpreting model results, and creating summaries for internal and external documents.
• Continuously monitoring the ongoing performance of the portfolio of borrowers and tracking covenant compliance, preparing for quarterly and annual reviews of loan portfolio, maintaining borrower reporting requirements, and completing other ad hoc projects.

Eligibility

Bachelor's Degree and 6 years of experience in Credit Analysis and Credit Underwriting OR High School Diploma or GED and 10 years of experience in Credit Analysis and Credit Underwriting

Benefits

• If hired in New York or California, the base pay for this position is generally between $155,000 and $195,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law.
• Total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.
• More information about benefits can be found at here.