Director, Underwriting - Capital Equipment Finance

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.

First Citizens Capital Equipment Finance is a leading provider of large-ticket equipment financing solutions. Working directly with middle market and large cap businesses, the unit specializes in providing equipment loans and leases with flexible terms and rates tailored to the equipment and credit strength of the borrower.

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 $200 billion in assets.

This position is responsible for the oversight and management of Associates and activities related to Capital Equipment Finance (CEF) Underwriting. Manages people, processes, performance and credit related projects. Strategically reviews and analyzes processes to optimize production activities and ensure quality of team efforts. Adjusts processes, procedures, and tools, and recommends policy changes as appropriate to achieve business goals. Implements measurement tools and metrics to monitor team performance and seeks opportunities for continuous improvement. Provides expertise to the team in underwriting, servicing, management, and other activities that support lending. Assists senior leadership with risk identification and mitigation and recommends appropriate enhancements to portfolio management and monitoring practices as needed. Provides guidance and support on various credit related projects and serves as a resource to the wider business unit.

• Underwriting Oversight - Provides leadership to the Healthcare underwriting and approval process. Ensures that credit quality standards, lending targets, and compliance requirements are met. Handles credit denial override requests, decisions credit on large loans, and provides oversight to highly complex loan requests. Identifies inefficiencies, voids, or deficits in lending processes, and develops appropriate solutions. Supports the Bank's safety and soundness objectives.
• Quality Control - Ensures team compliance with department procedures, standards, and quality production needs. Monitors performance metrics, communicating results as necessary to senior leadership, and implements methods to improve performance.
• Managerial Functions - Manages a team that underwrites, structures, and services commercial credits. Establishes and monitors expectations to achieve company and department goals. Makes appropriate changes to team processes, procedures, and efficiencies in order to meet objectives. Manages the performance, training, and evaluation of assigned staff. Supports associate development through formative feedback.
• Relationship Development - Develops and maintains strong relationships with Bank leadership, peers, regulators, and lenders. Works closely with team to develop behaviors that improve service and business decisions. Offers guidance on creating strong lending relationships and on methods that improve customer experience. Builds and maintains a network of peer financial institutions to share best practices and successes.

Bachelor's Degree and 8 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 12 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis. Management

Preferred Qualifications:

• 7-10 years of Equipment Finance specific experience
• Master's Degree Business, Finance, Economics
• Banking, Finance experience
• Completion of a formal credit training program

For New York, the base pay for this position is generally between $175,000 - $225,000. 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.