Vice President – Power and Renewable Energy Project Finance

First Citizens; New York (NY); Hybrid; USD 170,000 - 200,000; Full time

Job summary

First Citizens Bank in New York is seeking a senior underwriting professional for a hybrid Energy credit role.

You will lead underwriting decisions, review financial statements, and interact with customers to gather data and structure loans, ensuring strong credit outcomes and portfolio health.

Qualifications

• Bachelor's degree in related field or 10 years plus in lending/credit analysis.
• Experience with financial statement spreading, projections and TTM analysis.
• Renewable energy or project finance exposure preferred.

Responsibilities

• Lead underwriting of Energy credit actions per regulations and guidelines.
• Gather information from customers to determine repayment viability.
• Analyze financial statements to determine credit grades and loan structuring.
• Support risk management and identify cross-sales opportunities.

Skills

Commercial Lending

Credit Analysis

Financial Statement Spreading

Projections

Trailing Twelve-Month Analysis

Management

Education

Bachelor's Degree in Finance, Economics, or Business

High School Diploma or GED

Tools

Excel

Financial Modeling

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.

At First Citizens Bank, we believe meaningful careers are built through meaningful relationships. For more than 125 years, we've supported our clients, communities and colleagues through a culture rooted in connection, collaboration and long-term success.

Responsibilities & Qualifications

Underwriting - Leads the underwriting of Energy credit actions according to applicable regulations, procedures, and guidelines. Interacts directly with customers to gather information throughout the approval process and to determine the viability of repayment. Reviews financial statements, communicates with customers or prospects, and performs analysis to recommend credit grades, covenants, and appropriate loan structuring. Ensures all involved parties are updated on underwriting progress and outcome. Provides leadership in daily activities through underwriting production and credit analysis expertise.
Risk Management - Identifies risks through reviews, analysis, and research of new and existing Energy loans. Works closely with Bank associates and partners to resolve risk issues, communicating review schedule and potential changes in the Energy portfolio. Assists in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and management. May assist in the development of strategies to manage risk within the credit portfolio.
Analysis - Sources, compiles, and interprets financial data to support structuring and approval of loans. Reviews industry information and comparisons, key risks and mitigants, and collaterals to form a general business overview of the borrower. Utilizes results of analysis to underwrite complex loans.
Business Support - May assist in identifying cross-sales opportunities for new and existing relationships based on analysis activities. Identifies servicing information and prepares credit analysis documentation. Partners with associates and customers to determine needs and structuring of new requests, participating in customer and prospect calls as needed. Assists management with peer development and training.

Qualifications:

Bachelor's Degree and 6 years of experience in Commercial Lending or Credit Analysis, Financial Statement Spreading, Preparation of Projections, and Trailing Twelve-Month Analysis, Management

- OR-

High School Diploma or GED and 10 years of experience in Commercial Lending or Credit Analysis, Financial Statement Spreading, Preparation of Projections, and Trailing Twelve-Month Analysis, Management

Preferred Qualifications:

• Bachelor's Degree in related field such as Finance, Economics, or Business
• Renewable Energy experience
• Experience and/or desire to train less experienced associates
• Professional business experience
• Desire to learn from management and experienced colleagues
• Project finance experience
• Distributed Generation experience to include community solar
• US renewable project finance experience
• Tax equity experience
• Commercial Finance experience
• Excel and modeling experience

If hired in New York City, New York or Santa Monica, California the base pay for this position is generally between $170,000.00 and $200,000.00. 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.

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