AVP, Portfolio Manager IV - Energy; hybrid NY​/CA

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 legacy of strength, stability and long-term thinking. The bank offers an array of general banking services including a network of more than 550 branches in 23 states and expertise in lending, leasing and other financial services coast to coast.

Parent company First Citizens Banc Shares, 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 to offer comprehensive financing solutions for renewable and conventional power generation. The unit manages a large, diverse portfolio across energy sector asset classes.

Supporting the portfolio management team, including assistance with monthly diligence and draws on construction loans, working on amendment and waiver requests, involvement with upsizes and extensions for existing deals, and helping respond to internal and external audits.

Assisting on deals for which we are Administrative Agent, including communication of construction fundings, deal modifications, and monitoring between internal and external stakeholders. Performing Administrative Agent duties requires active communication with external parties and acting as 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. Proactively manage the approval process for amendments, waivers, and consents, ensuring client time frames and relationships are attended to.

Perform financial modeling to review and analyze projections for construction fundings and deal modifications; interpret model results 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 loan portfolio, maintain borrower monthly/quarterly/annual reporting requirements and other periodic deal review requests. Present deals to credit committees as appropriate.

Coordinate communication for legal modifications to syndicate bank groups, including questions/answers, updating requests, and tracking lender votes.

Participate in ad hoc projects including periodic portfolio-wide analysis in response to market or regulatory updates.

Review 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 perform internal reporting duties.

Ensure compliance with all Know Your Customer (KYC) and other banking regulations. Build rapport with existing clients and syndicate banks as appropriate.

Required: Bachelor’s Degree and 4 years of experience in Credit Analysis, Relationship Management OR High School Diploma or GED and 8 years of experience in Credit Analysis, Relationship Management.

Preferred:

2 years in large corporate debt, commercial or project finance loan structuring. 2 years project finance financial modeling, presentations, and drafting underwriting/investment memoranda and credit documentation, reviewing contracts and project materials, and bank operational processes.

• 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 communicate with internal and external stakeholders.
• Experience reviewing and…