Leveraged Finance - Underwriting, Associate

Company: First Citizens Bank
Location: New York
Posted on: May 16, 2022

Job Description:

Overview:CIT is now a division of First Citizens Bank. This role will work with the Telecom, Media & Technology team participating in the credit underwriting of diverse debt solutions for middle-market companies. Specifically: (i) LBO Financing, (ii) Acquisition Financing, (iii) Debt Refinancing, and (iv) Recapitalizations-working with potential borrowers, private equity teams, and other Lenders.Responsibilities:

• Engage in all aspects of a prospective loan transactions, including due diligence, financial modeling, credit approval memo preparation and presentation, legal documentation, deal closing procedures and post-investment portfolio management on select transactions
• Complete in-depth analysis of potential borrowers' business models, identify key potential investment risks and analyze financial trends to build projection models
• Participate in calls and meetings with potential corporate borrowers, private equity sponsors and other market participants
• Mentor junior analysts
• Perform other duties as assigned
• Ensure compliance with all CIT policies and procedures and build a firm understanding of CIT systems and resources
• -80% of time dedicated to new deal origination; 20% (or less) to portfolio managementQualifications:
  • Bachelor's degree and at least 2 years of related leveraged lending experience; TMT experience a plus
  • Working knowledge of syndicated and leveraged finance markets
  • Experience working on financial sponsor transactions
  • The completion of a formal credit training program is desired but not required
  • Demonstrated analytical and quantitative skills
  • Excellent oral and written communications skills
  • Time management skills to efficiently handle multiple tasks with changing priorities
  • Detailed knowledge of Microsoft Office Applications
  • Strong attention to detail
  • Ability to function independently and as part of a small deal team

Keywords: First Citizens Bank, New York , Leveraged Finance - Underwriting, Associate, Accounting, Auditing , New York, New York