Senior Underwriter-Healthcare

About the role

This position leads underwriting efforts by servicing Healthcare portfolios at the highest level of ability and complexity. Supports the Healthcare lending team with expertise in structuring, analysis, and credit documentation for Healthcare credit actions. Establishes viability of repayment sources and prepares credit approval memos. Provides service and support for both associates and customers, assisting in customer calls and identifying cross-sales opportunities. Offers guidance on escalated or difficult underwriting matters. Leads special projects to facilitate Healthcare lending activities and service capabilities, and may act in a leadership role to less experienced underwriters.

Responsibilities

• Leads the underwriting of Healthcare credit actions according to applicable regulations, procedures, and guidelines. Interacts directly with customers to gather information throughout the approval process and 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.
• Identifies risks through reviews, analysis, and research of new and existing Healthcare loans. Works closely with Bank associates and partners to resolve risk issues, communicating review schedule and potential changes in the Healthcare 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.
• 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.
• 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

Minimum Required Education and Experience:

• Bachelor's Degree and 6 years' experience, OR
• High School Diploma or GED/Equivalent and 10 years' experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.

Preferred:

• Bachelor's Degree in Business, Finance, or Economics.
• Experience in Finance, Banking, or Healthcare lending/financing.
• Completion of a formal credit training program.
• Experience with underwriting and closing Asset Based loans.
• MBA degree or equivalent.

Pay

• Florida: $140,000.00 – $150,000.00
• Illinois: $150,000.00 – $160,000.00
• New Jersey or Massachusetts: $160,000.00 – $165,000.00
• New York: $170,000.00 – $175,000.00

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

First Citizens Bank is committed to providing a competitive, thoughtfully designed, and quality benefits program. More information can be found at https://jobs.firstcitizens.com/benefits.