Underwriter Sponsor Finance Analyst Development Program

Posted Date 13 Nov 2024



Experience Icon Experience 2 Years Salary Salary 47200USD
Job Type Icon Job Type Full Time Company Company First Citizens Bank.
Job Category Icon Job Category Finance Qualification Icon Qualification BS Accounting
Gender IconGender Both Date Last Date 11 Feb
Vacancies IconVacancies 3 Remote IconRemote No
Location Location(s) Chicago , United States

Description Job Description



Sponsor Finance develops strong, long-term relationships with middle-market private equity firms across the United States. The group focuses on providing financing for leveraged buyouts, acquisitions, debt refinancing, and recapitalizations. It works closely with private equity firms, borrowers, and other lenders, offering a full range of banking products alongside financing solutions.

 The Analyst Development Program offers a comprehensive training experience designed to develop technical skills through formal education, online coursework, and hands-on training.

  • The program starts in July 2025 at the New York City Office, with an 8-week intensive curriculum covering:
    • Underwriting fundamentals
    • Financial analysis and Excel modeling
    • Core values of First Citizens Bank
    • Application-specific system training
    • Business unit overviews with team leaders
    • Bank strategic priorities
    • Credit policies and procedures

Following the training, Analysts will join the Sponsor Finance team and continue their professional development through ongoing training sessions.

Key Responsibilities: Upon completing the ADP, Analysts will:

  • Assist in the credit underwriting and portfolio management for diverse debt solutions for middle-market companies.
  • Prepare financial models, conduct industry research, and support the underwriting of credits.
  • Contribute to new business requests, waiver and amendment requests, and additional financing requests for existing borrowers.
  • Analyze financial history and projections for new and existing borrowers.
  • Maintain credit files and ensure compliance with bank policies and procedures.

Qualifications:

  • Required:
    • A Bachelor’s degree is required at the start of the program.
  • Preferred:
    • A degree in a quantitative field such as business, finance, economics, or mathematics.
    • Strong analytical and quantitative abilities.
    • A minimum undergraduate GPA of 3.3, with a preferred GPA of 3.5.
    • Prior internship experience in a financial services institution.
    • Detail-oriented with strong time management skills.
    • Excellent verbal and written communication skills.
    • A collaborative team player who enjoys working with others.

Compensation: The base pay for this position ranges from $36.06 to $43.27 per hour, depending on skills, experience, location, and other factors. Total compensation may also include variable incentives, bonuses, benefits, and other rewards as outlined in the offer.

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