Underwriter - Tech, Media, Telecom (Analyst Development Program)

First Citizens; New York (NY); On-site; USD 75,000 - 90,000; Full time

Job summary

First Citizens Bank is seeking an Underwriting Analyst for its Commercial Bank Analyst Development Program in New York City. The role starts with an 8-week on-site curriculum covering credit policies, underwriting fundamentals, financial modeling, and system training, then moves into team assignments with ongoing development.

The program emphasizes hands-on learning, professional growth, and exposure to TMT sector financing, with rotations and ongoing trainings to prepare for career progression.

Qualifications

• Bachelor's degree or associate degree with 2 years' experience.
• Coursework or internship in commercial lending or credit analysis.
• Finance fundamentals and financial statement analysis.
• Strong analytical and writing skills; GPA preference where stated.

Responsibilities

• Prepare historical financial analysis and projection models for underwriting loans.
• Conduct independent industry research to inform credit decisions.
• Assist in loan management and reporting post-close.
• Contribute to credit approval documents and meetings.
• Maintain credit files for audits and stay updated on TMT trends.
• Develop familiarity with First Citizens Bank systems and processes.

Skills

Analytical Reasoning

Communication

Credit Analysis

Critical Thinking

Financial Analysis

Education

Bachelor's Degree

Associate's Degree/Equivalent

Job description

Overview

The Tech, Media & Telecom group within First Citizens Bank is hiring an Underwriting Analyst to participate in the Commercial Bank Analyst Development Program.

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.

The program begins on-site at our New York City Office with a 8-week intensive curriculum where participants learn about:

• Credit Policies and Procedures
• 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

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

About the Tech, Media & Telecom Team

The TMT group specializes in financing solutions for middle market companies, within industries such as telecommunications infrastructure, software, information and tech-enabled services, entertainment, music, and commercial/tribal gaming.

Responsibilities & Qualifications

Main Job Tasks and Responsibilities

• Prepare historical financial analysis, projection models and assist in the underwriting of loans.
• Conduct independent industry research.
• Assist in the management and reporting of loans post close.
• Participate in the creation of credit approval documents.
• Attend and contribute to credit approval meetings.
• Develop understanding and maintain awareness of trends and conditions in the various TMT subsectors.
• Maintain credit files in preparation for internal or external audits.
• Develop a firm understanding of FCB systems, processes, and resources.

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 (July 7, 2027)
• Major or concentration in finance, economics, or math.
• Ability to demonstrate strong analytical, quantitative, and writing skills.
• Minimum undergraduate GPA of 3.0.
• Anticipated graduation in 2027
• Previous internship experience in an analytical role within a financial services institution.

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.