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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

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