Sr. Credit Analyst: Non-Profit Lending Specialist II (Hybrid)

About the role

This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office. Join First Citizens Bank and be part of a team dedicated to helping clients build stronger financial futures. From banking and lending to investments, insurance, and wealth planning, the First Citizens Wealth team provides comprehensive solutions backed by trusted expertise. Here, your work helps power meaningful progress for the clients and communities we serve. This position provides essential analytical and management skills to independently and objectively evaluate the creditworthiness of current and prospective commercial borrowers, with specific focus on not-for-profit organizations. Performs mentoring and oversight of junior credit analysts. Participates in special projects to support the Nonprofit Banking team's ongoing credit and risk management functions including developing financial analysis spreading and presentation tools. The Non-Profit Lending Specialist II must have strong writing skills and possess prior accounting, financial analysis or commercial lending credit analysis background.

Responsibilities

• Prepare timely and insightful financial analysis and credit underwriting for a diverse, highly complex and sophisticated loan portfolio of not-for-profit organizations.
• Conduct ongoing credit risk rating reviews of existing portfolio on a minimum annual basis.
• Accurately assess the financial position of not‑for‑profit clients to support the Bank's credit decisions on credit exposure of varying size, up to its lending limits.
• Consistently monitor loan covenants, provide recommendations to credit and lending management on whether to approve or renew loans, modify terms of existing loans, maintain or change risk ratings of existing loans, and suggest appropriate credit actions based on the Bank's credit policies.
• Assess and prepare criticized loan status reports.
• Assist in the preparation and responses for loan examinations.
• Stay current on banking regulations and audit, regulatory and compliance requirements.
• Perform thorough and concise pre‑screening of new commercial loan requests in the not‑for‑profit sector through identification of risks and mitigants by reviewing and analyzing prospective borrowers' financial statements.
• Create thorough and concise analyses of the risks and mitigants of pending new commercial loan requests by reviewing and analyzing borrowers' financial statements (including audited financial statements prepared on fund accounting basis typical for non‑profit organizations), as well as real estate appraisal reports, environmental assessment reports, and other loan repayment reports such as fundraising pledge reports.
• Prepare sensitivity analyses, pro forma cash flows, and assessments of collateral.
• Conduct analysis of the market and industry dynamics affecting the borrower, especially as it relates to competition, State/Federal government funding and guarantees, and other factors that may affect revenue or expenses.
• Prepare pre‑flight concept memos.
• Prepare credit memorandum for final credit approval.
• Review approval conditions versus loan documentation for existing loans to ensure integrity of the credit process.
• Interface with Bank's loan operations department in the drawing of loan documentation, loan closing, and booking.
• Leverage knowledge and experience to assist in enhancing the Bank's underwriting procedures and guidelines for nonprofit organizations.
• Participate with special projects and reporting assignments as needed.
• Train/coach junior analysts and interns, provide a daily advisory role and peer review of credit memos produced by other analysts, and help manage the pipeline.

Qualifications

• Bachelor's Degree and 6 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting
• OR High School Diploma or GED and 10 years of experience in Commercial Lending, Financial Analysis, Credit Underwriting
• Preferred Area of Experience: Lending to non‑profit organizations
• License or Certification Type: Successful completion of a formal credit or financial analyst training program

Skills

• Strong writing skills
• Prior accounting, financial analysis or commercial lending credit analysis background
• Working knowledge with financial statement software such as Moody