Sr. Credit Analyst: Non-Profit Lending Specialist II (Hybrid)

First Citizens Bank; Boston (MA); On-site; USD 120,000 - 160,000; Full time

Benefits offered by this job

Benefits package

Hybrid work model

Job summary

First Citizens Bank’s nonprofit lending team seeks a Senior Credit Risk Analyst II for a hybrid role blending in-office collaboration with remote work. You will independently evaluate the creditworthiness of not‑for‑profit borrowers, mentor junior analysts, and support risk management and reporting for complex portfolios.

Responsibilities include underwriting not‑for‑profit loans, preparing credit memos, monitoring covenants, and coordinating with operations and risk teams.

Qualifications

• Bachelor’s degree and 6+ years in Commercial Lending, Financial Analysis or Credit Underwriting.
• Experience with not-for-profit borrowers preferred.
• Strong writing and documentation skills.

Responsibilities

• Underwrite not-for-profit loan requests with risk assessment.
• Prepare concise credit memos and loan approvals.
• Monitor covenants and conduct annual risk reviews.
• Mentor junior analysts and coordinate with risk and operations teams.

Skills

Credit analysis

Not-for-profit lending

Financial analysis

Underwriting

Mentoring

Education

Bachelor's Degree in Finance/Accounting

High School Diploma or GED

Tools

Moody's CreditLens

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.

Join First Citizens Bank and be part of a team dedicated to helping clients build stronger financial futures. From banking and lending to investments, insurance, and wealth planning, the First Citizens Wealth team provides comprehensive solutions backed by trusted expertise. Here, your work helps power meaningful progress for the clients and communities we serve.

This position provides essential analytical and management skills to independently and objectively evaluate the creditworthiness of current and prospective commercial borrowers, with specific focus on not-for-profit organizations. Performs mentoring and oversight of junior credit analysts. Participates in special projects to support the Nonprofit Banking team's ongoing credit and risk management functions including developing financial analysis spreading and presentation tools. The Non‑Pro­fit Lending Specialist II must have strong writing skills and possess prior accounting, financial analysis or commercial lending credit analysis background.

Responsibilities & Qualifications

Portfolio management - Prepare timely and insightful financial analysis and credit underwriting for a diverse, highly complex and sophisticated loan portfolio of not‑for‑profit organizations. Conduct ongoing credit risk rating risk reviews of existing portfolio on a minimum annual basis. Accurately assess the financial position of not or profit clients to support the Bank's credit decisions on credit exposure of varying size, up to its lending limits. This includes consistent monitoring of loan covenants, providing recommendations to credit and lending management on whether to approve or renew loans, modify terms of existing loans, maintain or change risk ratings of existing loans, and otherwise suggesting the appropriate credit action based on the Bank's credit policies. Assess and prepare criticized loan status reports. Assist in the preparation and responses for loan examinations. Stay current on banking regulations and audit, regulatory and compliance requirements. The Senior Credit Risk Analyst conducts the most complex analysis of sophisticated credits.

Financial analysis and credit underwriting - Perform thorough and concise pre‑screening of new commercial loan requests in the not for profit sector through the identification of risks and mitigants by reviewing and analyzing the prospective borrowers' financial statements, Create thorough and concise analyses of the risks and mitigants of pending new commercial loan requests by reviewing and analyzing the borrowers' financial statements (which would include audited financial statements prepared on fund accounting basis typical for non‑profit organizations), as well as real estate appraisal reports, environmental assessment reports and other loan repayment reports such as fundraising pledge reports. Prepare sensitivity analyses, pro forma cash flows, and assessments of collateral. Conduct analysis of the market and industry dynamics affecting the borrower especially as it relates to competition, State/Federal government funding and guarantees as well as other factors that may affect revenue or expenses. Preparation of pre‑flight concept memos. Prepare credit memorandum for final credit approval.

Loan closing and post‑approval loan documentation and booking support - Review approval conditions vis‑a‑vis the loan documentations for existing loans to ensure integrity of the credit process Interface with Bank's loan operations department in the drawing of loan documentation, loan closing and booking

Leadership - Leverage knowledge and experience to assist in enhancing the Bank's underwriting procedures and guidelines for nonprofit organizations. Participate with special projects and reporting assignments as needed. Train/coach junior analysts and interns, provide a daily advisory role and peer review of credit memos produced by other analysts and help the manage the pipeline

Position Specific Skills:

• Working knowledge with financial statement software such as Moody's CreditLens.
• Credit analysis of and lending to non‑profit organizations.

Underwriting

Loan Management

Risk Identification

Line of Business (LOB) Products, Services & Acumen

Bachelor's Degree and 6 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting OR High School Diploma or GED and 10 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting

Preferred Area of Experience: Lending to non-profit organizations

License or Certification Type: Successful completion of a formal credit or financial analyst training program PreferredSkill(s): Working knowledge with financial statement software such as Moody's CreditLens., Credit analysis of and lending to non-profit organizations.

Additional Information

The base pay for this position in Massachusetts is generally between $120,000 and $160,000. If hired in CA base pay for this position is generally between $120,000 and $170,000. 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.