Underwriting Principal - Corporate Banking

Fifth Third Bank; Charlotte (NC); On-site; CAD 166,000 - 221,000; Full time

Job summary

Fifth Third Bank seeks an Underwriting Principal to lead and support loan underwriting for corporate clients. The role involves evaluating credit risks, building financial projections, and drafting detailed underwriting memorandums while collaborating with Debt Capital Markets and Credit Risk teams.

The ideal candidate brings at least 6 years in underwriting or related credit roles, strong analytical skills, and a proven ability to manage complex transactions in a fast-paced banking environment.

Qualifications

• Bachelor’s degree in Finance, Business Administration, or a related field.
• Minimum of 6 years of experience in underwriting, credit, or originations, preferably in banking or investment banking.
• Solid credit agreement and underwriting skills.
• Attention to detail and excellent verbal and written communication skills.
• Analytical capability, critical thinking, and problem-solving skills.
• Strong work ethic; comfortable in a fast-paced environment.

Responsibilities

• Perform detailed due diligence on companies, industries, management teams, and other relevant information.
• Build detailed financial projection models to analyze capital structures, performance trends and credit metrics.
• Prepare succinct underwriting memorandums, including company and industry descriptions, key credit risks, historical analysis, base and downside case projection assumptions/rationale and terms and conditions.
• Establish strong working partnerships with internal partners including Debt Capital Markets, Credit Risk, Industry Verticals and middle market teams.
• Manage multiple transactions/projects and communicate effectively with deal team members on status and prioritization.
• Demonstrate knowledge of relevant credit policies and procedures and identify policy exceptions.
• Demonstrate strong client selection, credit agreement and underwriting skills, including identification and assessment of key credit risks.
• Review and offer feedback and coaching to Underwriting Senior Analysts and Analysts on credit memos and financial modeling.
• Work on more complex transactions, including lead clients, high-touch or more challenging sectors.
• Develop industry expertise in one or more sectors; understand and articulate industry trends, providing expert insights and tailored solutions.
• Subject matter expert on credit policies, procedures, and terminology.
• Train and develop Underwriting Associates, Senior Analysts and Analysts.
• Excel in both team and self-directed settings.

Skills

Credit underwriting

Financial analysis

Communication

Attention to detail

Analytical thinking

Team leadership

Education

Bachelor's degree in Finance/Business

Tools

Excel

Job description

Make banking a Fifth Third better®
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION:

An Underwriting Principal will have primary responsibility for supporting the Senior Underwriters in underwriting and executing loans for Fifth Third’s clients. The ideal candidate will have solid credit agreement and underwriting skills, and the ability to identify key credit risks. This position is client-facing, requiring the individual to assist or lead diligence calls and support the negotiation of credit agreements.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Perform detailed due diligence on companies, industries, management teams, and other relevant information.
• Build detailed financial projection models to analyze capital structures, performance trends and credit metrics.
• Prepare succinct underwriting memorandums, including company and industry descriptions, key credit risks, historical analysis, base and downside case projection assumptions/rationale and terms and conditions.
• Establish strong working partnerships and routines with key internal partners including Debt Capital Markets, Credit Risk, Industry Verticals and middle market teams.
• Manage multiple transactions/projects and communicate effectively with deal team members on status and prioritization.
• Demonstrate knowledge of relevant credit policies and procedures and accurately identify policy exceptions.
• Demonstrate strong client selection, credit agreement and underwriting skills, including identification and assessment of key credit risks.
• Review and offer feedback and coaching to Underwriting Senior Analysts and Analysts on credit memos and financial modeling.
• Works on the more complex transactions, including lead clients, high-touch or more challenging sectors.
• May be required to develop industry expertise in one or more sectors; understand and articulate industry trends, providing expert insights and tailored solutions.
• Subject matter expert on credit policies, procedures, and terminology.
• Train and develop Underwriting Associates, Senior Analysts and Analysts.
• Excel in both team and self-directed settings.

SUPERVISORY RESPONSIBILITIES:

May include direct or indirect oversight of junior Underwriting team members.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Bachelor’s degree in Finance, Business Administration, or a related field.
• Minimum of 6 years of experience in underwriting, credit, or originations, preferable in the banking or investment banking industry.
• Demonstrate solid credit agreement and underwriting skills.
• Attention to detail and excellent verbal and written communication skills.
• Analytical capability, critical thinking, and problem-solving skills.
• Strong work ethic; comfortable working in a fast-paced environment.
  Underwriting Principal - Corporate Banking

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION – Charlotte, North Carolina 28202

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.