Underwriter I - CRE Analyst Development Program (Santa Monica, CA)

First Citizens Bank; Santa Monica (CA); On-site; USD 50,000 - 60,000; Full time

Job summary

First Citizens Bank’s Real Estate Finance Group is seeking an Underwriting Analyst for the Commercial Bank Analyst Development Program. The program blends formal classes, online coursework, and on-the-job training, including an 8-week on-site curriculum in New York City.

After completion, analysts join the Real Estate Finance Team to support credit underwriting and portfolio management of diverse CRE debt solutions across assets.

Qualifications

• Bachelor’s degree with CRE experience or GED with 4 years in Commercial Real Estate.
• Undergraduate degree or equivalent with CRE exposure as described in the requirements.

Responsibilities

• Underwrite commercial real estate loans including bridge, transitional and construction for multi-family, office, retail, industrial, and hotel properties.
• Collect, organize and interpret relevant market data.
• Review property and sponsor information – rent rolls, operating statements, balance sheets.
• Identify key transaction issues, risks and mitigants to those risks.
• Contribute to credit approval memos and submit for approval.
• Participate in meetings with Credit.
• Coordinate due diligence information collection.
• Participate and manage the transaction process among key stakeholders.
• Prepare term sheets; assist with legal documentation.
• Participate in the management of loans post origination, including risk ratings and classification.
• Monitor compliance with loan terms and performance of existing portfolio of loans.
• Prepare quarterly and annual reviews where necessary.
• Ensure compliance with all FCB policies and procedures.
• Firm understanding of FCB systems and resources

Skills

Partnerships and Collaboration

Communication (Written and Verbal)

Critical thinking skills

Education

Bachelor’s degree / GED with CRE experience

Job description

Overview

The Real Estate Finance Group within First Citizens Bank is hiring an Underwriting Analyst to participate in the Commercial Bank Analyst Development Program. Real Estate Finance maintains long-standing relationships with institutional commercial real estate sponsors across the U.S. We provide financing for acquisitions, repositionings, and refinancings of commercial real estate properties, specializing in industrial, multi-family, retail and office product. We closely work with institutional sponsors and professional CRE firms and other capital sources in the market. In conjunction with our financing capabilities, we also provide access to the full breadth of First Citizens banking products.

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.

About

The program begins July 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

Following the 8 weeks, Analysts join their local 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.

Upon completion of the ADP program, candidates will join the Real Estate Finance Team and work within a team construct to assist in the credit underwriting and portfolio management of diverse debt solutions for commercial real estate owners and operators.

Responsibilities & Qualifications

• Underwrite commercial real estate loans including bridge, transitional and construction for multi-family, office, retail, industrial, and hotel properties.
• Collect, organize and interpret relevant market data.
• Review property and sponsor information – rent rolls, operating statements, balance sheets.
• Identify key transaction issues, risks and mitigants to those risks.
• Contribute to credit approval memos and submit for approval.
• Participate in meetings with Credit.
• Coordinate due diligence information collection.
• Participate and manage the transaction process among key stakeholders.
• Prepare term sheets; assist with legal documentation.
• Participate in the management of loans post origination, including risk ratings and classification.
• Monitor compliance with loan terms and performance of existing portfolio of loans.
• Prepare quarterly and annual reviews where necessary.
• Ensure compliance with all FCB policies and procedures.
• Firm understanding of FCB systems and resources

Position Specific Skills

• Partnerships and Collaboration
• Communication (Written and Verbal)
• Critical thinking skills

Required Qualifications

• Bachelor’s degree and 0 years of experience or GED and 4 years of experience in Commercial Real Estate

Preferred Qualifications

• Ability to demonstrate strong analytical and quantitative skills.
• Preferred GPA of 3.0 or higher
• Previous internship experience in an analytical role within a financial services institution, ideally within commercial real eastate.
• Attention to detail.
• Strong verbal and written communications skills.
• Strong time management skills.
• Ability to problem solve.Enjoys collaborating with others.

Additional Information

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.