AVP, Portfolio Manager IV - Energy (hybrid) NY/CA
First Citizens Bank, New York, NY, United States
Overview
This is a hybrid role, with the expectation that work time will regularly take place inside and outside of a company office based in New York, New York or Santa Monica, California.
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long‑term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best‑in‑class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $220 billion in assets.
First Citizens Energy Finance leverages its deep industry knowledge and expertise to offer comprehensive financing solutions for renewable and conventional power generation. The unit manages a large, diverse portfolio that includes investments in all asset classes across the energy sector.
The Portfolio Management Group is responsible for monitoring credit performance of First Citizens Energy Finance deals. In the AVP, Portfolio Manager role you will assist with regular construction fundings within the Distributed Generation Project Finance portfolio, analysis of routine deal modification credit requests, participation in occasional deal upsizes, credit monitoring, control functions associated with Portfolio Management, and work on deals in which we serve as Administrative Agent. You will help manage deal relationships while preserving the credit quality of portfolio deals.
Responsibilities
Support the portfolio management team, including assistance with monthly diligence and draws on construction loans, work on amendment and waiver requests, involvement with upsizes and extensions for existing deals, and help respond to internal and external audits.
Assist on deals for which we are Administrative Agent, including communication of construction funding, deal modifications, and monitoring between internal and external stakeholders. Perform Admin Agent duties that require active communication with external parties and act as the point person for syndicate banks.
Proactively assist in all aspects of regular Distributed Generation construction fundings, which require high‑touch work to close deal fundings on a regular basis.
Perform diligence, structuring, and analysis of deal modification requests with attention to credit quality and risk mitigation; manage the approval process for amendments, waivers, and consents; and ensure client timeframes and relationships are attended to.
Perform financial modeling to review and analyze projections for construction fundings and deal modifications; interpret model results accurately and create recommendations and summaries for internal and external documents.
Continuously monitor the ongoing performance of the portfolio of borrowers and track reporting compliance to identify deteriorating situations early.
Prepare quarterly and annual reviews of the loan portfolio, maintain borrower reporting requirements, and provide other periodic deal review requests. Present deals to credit committees for review as appropriate.
Coordinate communication for legal modifications to syndicate bank groups, including Q&A, request updates, and tracking lender votes.
Participate in ad‑hoc projects, including periodic portfolio‑wide analysis in response to market or regulatory updates.
Maintain borrower credit files, financial files, legal documents, and other relevant information in an organized and timely manner.
Interact with and coordinate administrative matters with other internal departments (e.g., Loan Boarding, Operations, Agency, Liquidity Management, Syndications, and others). Perform internal reporting duties and control administrative and operational matters with back‑office cooperation.
Ensure compliance with all Know Your Customer (“KYC”) and other banking regulations.
Build rapport with existing clients and syndicate banks as appropriate.
Qualifications Required:
Bachelor’s Degree and 4 years of experience in Credit Analysis, Relationship Management
or High School Diploma / GED and 8 years of experience in Credit Analysis, Relationship Management
Preferred:
2 years of large corporate debt, commercial or project finance loan structuring
2 years of project finance financial modeling, presentations, drafting underwriting/investment memoranda, credit documentation, reviewing contracts and project materials, and bank operational processes
Other Skills
Strong analytical and quantitative skills
Strong ability to recognize and communicate Project Finance deal risks and mitigants
Demonstrated tenacity, patience, and enjoyment for problem solving
Ability to effectively, tactfully, and professionally communicate with internal and external stakeholders
Experience reviewing and analyzing Project Finance deal legal documentation
Strong attention to detail in both qualitative and quantitative work
Capacity to effectively organize and multi‑task in a fast‑paced environment
Strong, proactive, and empathetic oral and written communication skills
Experience and passion to work on cutting edge energy or infrastructure related financing transactions
Demonstrated ability to work remotely effectively and prioritize multiple workflow streams simultaneously
Proactive, resourceful, self‑starter
Collaborative team player willing to receive direction and/or provide support across levels; able to work both independently and in close collaboration with others
Creative thinker
Empathetic team player
If hired in Santa Monica, California or New York, NY, the base pay for this position is generally between $135,000.00 and $160,000.00. 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 .
#J-18808-Ljbffr
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long‑term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best‑in‑class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $220 billion in assets.
First Citizens Energy Finance leverages its deep industry knowledge and expertise to offer comprehensive financing solutions for renewable and conventional power generation. The unit manages a large, diverse portfolio that includes investments in all asset classes across the energy sector.
The Portfolio Management Group is responsible for monitoring credit performance of First Citizens Energy Finance deals. In the AVP, Portfolio Manager role you will assist with regular construction fundings within the Distributed Generation Project Finance portfolio, analysis of routine deal modification credit requests, participation in occasional deal upsizes, credit monitoring, control functions associated with Portfolio Management, and work on deals in which we serve as Administrative Agent. You will help manage deal relationships while preserving the credit quality of portfolio deals.
Responsibilities
Support the portfolio management team, including assistance with monthly diligence and draws on construction loans, work on amendment and waiver requests, involvement with upsizes and extensions for existing deals, and help respond to internal and external audits.
Assist on deals for which we are Administrative Agent, including communication of construction funding, deal modifications, and monitoring between internal and external stakeholders. Perform Admin Agent duties that require active communication with external parties and act as the point person for syndicate banks.
Proactively assist in all aspects of regular Distributed Generation construction fundings, which require high‑touch work to close deal fundings on a regular basis.
Perform diligence, structuring, and analysis of deal modification requests with attention to credit quality and risk mitigation; manage the approval process for amendments, waivers, and consents; and ensure client timeframes and relationships are attended to.
Perform financial modeling to review and analyze projections for construction fundings and deal modifications; interpret model results accurately and create recommendations and summaries for internal and external documents.
Continuously monitor the ongoing performance of the portfolio of borrowers and track reporting compliance to identify deteriorating situations early.
Prepare quarterly and annual reviews of the loan portfolio, maintain borrower reporting requirements, and provide other periodic deal review requests. Present deals to credit committees for review as appropriate.
Coordinate communication for legal modifications to syndicate bank groups, including Q&A, request updates, and tracking lender votes.
Participate in ad‑hoc projects, including periodic portfolio‑wide analysis in response to market or regulatory updates.
Maintain borrower credit files, financial files, legal documents, and other relevant information in an organized and timely manner.
Interact with and coordinate administrative matters with other internal departments (e.g., Loan Boarding, Operations, Agency, Liquidity Management, Syndications, and others). Perform internal reporting duties and control administrative and operational matters with back‑office cooperation.
Ensure compliance with all Know Your Customer (“KYC”) and other banking regulations.
Build rapport with existing clients and syndicate banks as appropriate.
Qualifications Required:
Bachelor’s Degree and 4 years of experience in Credit Analysis, Relationship Management
or High School Diploma / GED and 8 years of experience in Credit Analysis, Relationship Management
Preferred:
2 years of large corporate debt, commercial or project finance loan structuring
2 years of project finance financial modeling, presentations, drafting underwriting/investment memoranda, credit documentation, reviewing contracts and project materials, and bank operational processes
Other Skills
Strong analytical and quantitative skills
Strong ability to recognize and communicate Project Finance deal risks and mitigants
Demonstrated tenacity, patience, and enjoyment for problem solving
Ability to effectively, tactfully, and professionally communicate with internal and external stakeholders
Experience reviewing and analyzing Project Finance deal legal documentation
Strong attention to detail in both qualitative and quantitative work
Capacity to effectively organize and multi‑task in a fast‑paced environment
Strong, proactive, and empathetic oral and written communication skills
Experience and passion to work on cutting edge energy or infrastructure related financing transactions
Demonstrated ability to work remotely effectively and prioritize multiple workflow streams simultaneously
Proactive, resourceful, self‑starter
Collaborative team player willing to receive direction and/or provide support across levels; able to work both independently and in close collaboration with others
Creative thinker
Empathetic team player
If hired in Santa Monica, California or New York, NY, the base pay for this position is generally between $135,000.00 and $160,000.00. 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 .
#J-18808-Ljbffr