Specialty Underwriter III (Hybrid, Boston, MA or Mentlo Park, CA Office)

First Citizens Bank; Atkinson; Hybrid; USD 105,000 - 162,000; Full time

Job summary

An established industry player is seeking a dedicated Underwriter for their Private Banking division. This hybrid role offers the opportunity to evaluate and underwrite loan applications while collaborating with sales associates and senior credit personnel. You will assess risk and creditworthiness, ensuring compliance with regulations, and mentoring less experienced team members. Enjoy a balanced work environment with the flexibility of both in-office and remote work, all while being part of a competitive benefits program designed to support your professional growth and personal well-being.

Qualifications

• 2 years of experience in consumer or commercial underwriting.
• Ability to evaluate credit applications and assess risk.

Responsibilities

• Evaluate credit applications and conduct cash flow analysis.
• Identify credit risks and manage emerging risks affecting borrowers.
• Mentor less experienced underwriters in credit analysis.

Skills

Credit Analysis

Risk Assessment

Cash Flow Analysis

Regulatory Compliance

Education

Bachelor's Degree

High School Diploma or GED

Job description

Overview

This position is responsible for evaluating and underwriting Private Banking loan applications, specifically for Tailored Lending products. Works independently to assess risk and creditworthiness and reviews work of other underwriters. Collaborates with sales associates and senior credit personnel on loan decisions and structure, ensuring that lending activities comply with federal and state regulations. This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office in either Boston, MA or Menlo Park, CA. This group generally works 4 days a week in-office and remotely one day per week. .

The base pay for this position is relative to your experience. If hired in California, the range is generally $105, 375.00 to $161,575.00 per year. 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.

Responsibilities

Underwriting - Evaluates credit applications according to applicable regulations, FCB credit standards, procedures, and guidelines. Assesses personal and business financial statements to determine risk and creditworthiness. Conducts detailed cash flow analysis. Completes written credit memorandum detailing risks, mitigants, and sources of repayment. Identifies exceptions to credit standards and assigns risk ratings.

Risk Management - Identifies credit and other risks during initial underwriting of loan requests. Works closely with Bank associates and partners to resolve risk issues. Participates in periodic portfolio reviews and client discussions to identify and manage emerging risks affecting borrowers' repayment ability.

Business Support - Assists sales team with preliminary screening of opportunities. Resolves inquiries on underwriting and denial compliance. Drives efficiency in credit approval, loan documentation, and closing processes

Mentoring - Guides less experienced underwriters in credit analysis and process. Reviews credit memoranda for errors and opportunities for improvement.

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Qualifications

Bachelor's Degree and 2 years of experience in OR High School Diploma or GED and 6 years of experience in consumer or commercial underwriting.

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.