AVP - VP, Senior Underwriter Portfolio Manager-ABL Working Capital (hybrid) NY, NJ, CA

Overview

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office based in New York, New Jersey, California.

The AVP - VP, Underwriting Portfolio Manager - Asset Based Lending Working Capital is responsible for the underwriting as well as portfolio management of Asset Based Lending (ABL) financing transactions. Responsible for analysis, reporting, and purchase or liquidation of assets within the portfolio. Monitors regulatory requirements and market trends, and modifies strategies as needed. Performs all activities to maximize value while minimizing risk, developing reports, dashboards, and other methods of evaluation to communicate status with the appropriate stakeholders.

Responsibilities

• Underwriting - Leads the underwriting of credit actions according to applicable regulations, procedures, and guidelines. Interacts directly with customers to gather information throughout the approval process and to determine the viability of repayment. Reviews financial statements, communicates with customers or prospects, and performs analysis to recommend credit grades, covenants, and appropriate loan structuring. Ensures all involved parties are updated on underwriting progress and outcome. Provides leadership in daily activities through underwriting production and credit analysis expertise.
• Portfolio Management - Enhances Bank earnings through the recommendation and execution of portfolio transactions and by ensuring adequate liquidity to support balance sheet growth is available at all times. Confirms portfolio transactions are properly executed and carry an acceptable amount of risk. Supports, liquidity management, stress testing, assumption updates, and model validation. Creates reports for management and regulators on portfolio composition, return, and risk.
• Analysis - Performs analysis on portfolio positions and assists in liquidity management. Sources, compiles, and interprets financial data to support structuring and approval of loans. Reviews industry information and comparisons, key risks and mitigants, and collaterals to form a general business overview of the borrower. Utilizes results of analysis to underwrite complex loans.
• Risk Management - Identifies risks through reviews, analysis, and research of new and existing loans. Works closely with Bank associates and partners to resolve risk issues, communicating review schedule and potential changes in the portfolio. Assists in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and management. May assist in the development of strategies to manage risk within the credit portfolio.

Qualifications

VP Level : NY / NJ / CA

Bachelor's Degree and 6 years of experience in Credit analysis, underwriting or Risk Management OR High School Diploma or GED and 10 years of experience in Credit analysis, underwriting or Risk Management.

Preferred :

Bachelor’s Degree in Business, Finance or related subject

5 years of Asset Based Lending Working Capitalm, Specialty Finance Lending, Borrowing Base structures

Experience with determining the engagement scope and analysis of third-party field exam and appraisal reports.

Accounts Receivable, Inventory, Liquidation experience

5 -years portfolio management experience. Lead Agent and Direct account relationship role experience preferred

Ability to lead new underwriting opportunities from customer introduction through credit approval and negotiate legal documentation

Formal credit training

he base pay for this position is generally between $135,000.00 and $170,000.00. 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.

AVP Level : NY / NJ

Bachelor's Degree and 4 years of experience in Credit analysis, underwriting or Risk Management OR High School Diploma or GED and 8 years of experience in Credit analysis, underwriting or Risk Management.

Bachelor’s Degree in Business, Finance or related subject

3 years of Asset Based and / or Specialty Finance Lending, Working Capital experience for loans with borrowing base structures.

Experience with analysis of third party field exam, appraisal and / or investment valuation reports.

2 years portfolio management experience.

Ability to support new underwriting opportunities from customer introduction through credit approval and legal documentation.

Formal credit training

he base pay for this position is generally between $120,000.00 and $140,000.00. 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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Company Description :

Founded in 1898 and headquartered in Raleigh, N.C., First Citizens Bank serves customers in 18 states and the District of Columbia. For over 100 years, customers have trusted First Citizens with their money … and their futures. Today, First Citizens is the largest family-controlled bank in the nation and the sixth-largest bank franchise headquartered in the Southeast with more than $30 billion in assets. We employ more than 6,000 associates who are focused on helping our customers achieve a lifetime of success. First Citizens operates more than 570 branches in Arizona, California, Colorado, District of Columbia, Florida, Georgia, Kansas, Maryland, New Mexico, Missouri, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington and West Virginia.

First Citizens Bank. Forever First®. Member FDIC.

Equal Opportunity / Affirmative Action Employer / Minority / Female / Disability / Veteran

If you need special assistance or an accommodation in applying for employment at First Citizens Bank, please contact our Human Resources department.