Assistant Vice President – Power and Renewable Energy Project Finance

First Citizens; New York (NY); Hybrid; USD 130,000 - 160,000; Full time

Job summary

First Citizens Bank is seeking an AVP/Underwriter IV-Energy in New York for advanced energy portfolio underwriting. You will review financials, structure loans, and guide junior underwriters while supporting client calls and cross-sale opportunities.

The role emphasizes risk assessment, currency of information, and coordination of renewal schedules in a hybrid work setting.

Qualifications

• Bachelor's Degree and 4 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, projections, and trailing twelve month analysis, OR High School Diploma or GED and 8 years of experience in the same areas.
• Experience in renewable energy financing including project finance and tax equity is preferred.
• Strong Excel and financial modeling skills are desirable.

Responsibilities

• Underwrites energy accounts according to regulations, procedures, and guidelines.
• Reviews financial statements, communicates with clients, and determines borrower risk ratings and loan structuring.
• Identifies and mitigates risks, coordinates review and renewal schedules for credits.
• Assists in cross-sales opportunities and client calls; may guide less experienced underwriters.

Skills

renewable energy experience

project finance experience

distributed generation experience

US renewable project finance

tax equity experience

commercial finance experience

excel and modeling experience

Education

Bachelor's Degree in Finance, Economics, or Business

High School Diploma or GED + 8 years experience in lending/credit analysis

Job description

Overview

This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office.

At First Citizens Bank, we believe meaningful careers are built through meaningful relationships. For more than 125 years, we've supported our clients, communities and colleagues through a culture rooted in connection, collaboration and long-term success.

This AVP/Underwriter IV-Energy position supports the Energy team by underwriting at an advanced level of complexity for energy portfolios. Provides guidance to structuring, servicing, and analysis for both new and renewal credits. Identifies, gathers, and reviews financial information to determine borrower risk ratings and appropriate loan structuring. Assesses and communicates risks to assist department risk mitigation strategies. Provides service and support for both associates and clients, participating in client calls, and may assist in identifying cross-sales opportunities. May assist special projects as needed to facilitate energy lending activities and service capabilities and may provide direction to less experienced underwriters in the work group.

Responsibilities & Qualifications

Duties & Responsibilities:

Underwriting - Underwrites energy 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 energy loans. Risk Management - Identifies risks through reviews, analysis, and research of new and existing energy loans. Works closely with Bank associates and partners to resolve risk issues, communicating review schedule and potential changes in the energy portfolio. Assists in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and management. 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.

Qualifications:

Bachelor's Degree and 4 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis. OR High School Diploma or GED and 8 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.

Preferred Qualifications:

• Bachelor's Degree in related field such as Finance, Economics, or Business


• Renewable Energy experience


• Project finance experience


• Distributed Generation experience to include community solar


• US renewable project finance experience


• Tax equity experience


• Commercial Finance experience


• Excel and modeling experience

Additional Information

The base pay for this position is generally between $130,000.00 and $160,000.00.

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.