Corporate Finance Underwriting Analyst – Power and Renewable Energy (ADP)

First Citizens Bank; Santa Monica (CA); Hybrid; USD 75,000 - 90,000; Full time

Benefits offered by this job

Hybrid work model

Benefits package

Job summary

First Citizens Bank is seeking a Commercial Banking Underwriting Analyst in a hybrid program-based role within the Power and Renewables Energy Group. The Analyst Development Program starts July 7, 2027, with on-the-job training and formal coursework in credit underwriting.

Based in Santa Monica, CA, you will support underwriting and portfolio management for debt financing on solar, wind, gas, and battery storage projects as part of a team that financed over $1B in 2026.

Qualifications

• Minimum required education and experience: Bachelor's degree OR Associate's degree/equivalent and 2 years' experience; coursework or internship in commercial lending or credit analysis, financial statement analysis, and finance fundamentals.

Responsibilities

• Build financial models in Excel for solar, wind, gas and battery storage projects.
• Perform due diligence including company and industry analysis, reviewing engineering, market, insurance and transmission studies.
• Prepare internal credit memoranda.
• Prepare marketing materials for potential clients and other lenders.
• Work as part of a Deal Team on live transactions, engaged in credit underwriting and portfolio management activities.
• Participate in internal credit approval meetings and client calls.

Skills

Analytical Reasoning

Communication

Credit Analysis

Critical Thinking

Financial Analysis

Education

Bachelor's Degree

Associate's Degree or equivalent

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.

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

The Power and Renewables Energy Group within First Citizens Bank’s Energy Finance Business is hiring a Commercial Banking Underwriting Analyst to participate in the Analyst Development Program. The Power and Renewable Energy Group lends money to finance large scale US conventional gas power projects and renewable energy projects such as solar, wind, and battery storage. The team arranged over $1 billion in debt financing in 2026 and consistently ranks among the top banks in leading financings for US power and renewables projects.

About The Analyst Development Program

As an Analyst you will participate in the Commercial Bank Analyst Development Program which is designed to build a broad and deep technical skillset through formal classes, online coursework, and on the job training.

• Underwriting fundamentals
• Financial Analysis and Excel Modeling
• First Citizens Bank Core Values
• Application-specific training on systems
• Business unit overviews with team leaders
• Strategic priorities of the Bank
• Credit Policies and Procedures

Following the 8 weeks, Analysts join their teams and stay connected with colleagues through training and professional development sessions. We provide a superior foundation and launchpad for continued success for our Analysts as they begin their careers.

About

The program starts on July 7, 2027, on-site at our New York City Office with an 8-week intensive curriculum where participants learn about:

• Underwriting fundamentals
• Financial Analysis and Excel Modeling
• First Citizens Bank Core Values
• Application-specific training on systems
• Business unit overviews with team leaders
• Strategic priorities of the Bank
• Credit Policies and Procedures

Responsibilities & Qualifications

Upon completion of the ADP program, candidates will join the Power and Renewables Energy Group and work within a team construct to assist in the credit underwriting and portfolio management of diverse debt solutions for middle-market companies.

Analysts Will Perform

• Financial modeling in excel of solar, wind, gas and battery storage projects
• Due diligence of projects including company and industry analysis, reviewing engineering, market, insurance and transmission studies
• Preparation of internal credit memorandum
• Preparation of marketing materials for potential clients and other lenders
• Work as part of a Deal Team on live transactions, engaged in many aspects of credit underwriting and portfolio management, financial analysis, credit memo preparation
• Participate in internal credit approval meetings and client/customer calls, as appropriate.

Position Specific Skills

• Analytical Reasoning
• Communication (Written and Verbal)
• Credit Analysis
• Critical Thinking Skills
• Financial Analysis

Basic Qualifications

Minimum Required Education and Experience: Bachelor's Degree OR Associate's Degree/Equivalent and 2 years' experience Coursework or internship in commercial lending or credit Analysis, financial statement analysis, and finance fundamentals

Preferred Qualifications

• Bachelor's degree completed upon start of the program (by July 7, 2027)
• Major or concentration in a quantitative field including engineering, finance, accounting or economics
• Strong verbal and written communication skills
• Preferred minimum undergraduate GPA 3.0.
• Previous internship experience in an analytical role within an energy focused institution.
• Strong interest in power and energy

Additional Information

If hired in Santa Monica, CA, the base pay for this position is generally between $36.06/hour and $43.27/hour. 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.