Underwriter, AVP - Healthcare Finance
Company: First Citizens
Location: New York
Posted on: May 28, 2023
OverviewThis position supports the Healthcare group by
underwriting at an advanced level of complexity for Healthcare
portfolios. The candidate's primary role is to support a team of
senior underwriters with assessing and approving transactions in
the Healthcare Asset Based Lending and Real Estate space which
includes senior housing and long-term care facilities.The position
requires a candidate to have strong credit and analytical skills,
who will need to work independently and multi-task.
- Underwriting - Underwrites Healthcare accounts according to
applicable regulations, procedures, and guidelines. Reviews
financial statements, communicates with clients or prospects, and
performs analysis to recommend borrower risk ratings and
appropriate loan structuring. Ensures all involved parties are
updated on underwriting progress and outcome. May provide guidance
to less experienced underwriters through knowledge of underwriting
procedures and information needs.
- Analysis - Sources, compiles, and interprets financial data to
support structuring and approval of loans. Reviews industry
information and comparisons, key risks and mitigants, and
collateral to form a general business overview of the borrower.
Utilizes results of analysis to underwrite Healthcare loans.
- Risk Management - Identifies risks through reviews, analysis,
and research of new and existing Healthcare loans. Prepare due
diligence questions as well as ability to lead calls and
proactively interact with borrowers' senior management. Engage
third party due diligencefirms and manage the transaction closing
process such as KYC, compliance, background checks, etc.
- Business Support - May assist in Identifying cross-sales
opportunities for new and existing relationships based on analysis
activities. Identifies servicing information and prepares credit
analysis documentation. Partners with associates and clients to
determine needs and structuring of new requests, renewals, and
modifications, participating in client and prospect calls as
needed. May assist management with peer development and
training.The base pay for this position is relative to your
experience but the range is $120,000 - $140,000. This position is
eligible for variable compensation, which may be in the form of
incentive, bonus, or commission pay. First Citizens offers a
competitive, comprehensive benefits program which you can review
here: . QualificationsBasic Qualifications:
- Bachelor's degree and 3 years of relevant experience in
underwriting, portfolio management, and/or new constructionOther
- Preference for bachelor's degree in business, finance, or
- Proficiency in financial modeling and financial statement
- Excellent writing and communication skills
- Proficiency with Microsoft Excel, Word and PowerPoint
- Experience in Healthcare Real Estate a plus
- Formal bank credit training a plus
Keywords: First Citizens, New York , Underwriter, AVP - Healthcare Finance, Healthcare , New York, New York
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