Underwriter I - Analyst Development Program (Maritime Finance)

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

The Maritime Finance group at First Citizens offers senior secured loans, sale-leasebacks and bareboat charters to owners and operators of oceangoing cargo vessels, including oil tankers, bulkers, container ships, and LNG tankers. With more than 25 years of industry experience, our dedicated team of structured finance professionals works with companies from all major segments of the maritime industry.

The analyst will work within a highly collaborative team to assist in the credit underwriting and portfolio management of maritime loans for middle-market companies and publicly traded companies. The analyst will be responsible for assisting with the initial underwriting and ongoing portfolio management of loans, including due diligence, financial analysis, cash flow modeling, risk assessment, and preparation of internal credit memoranda.

About the Analyst Development Program:

As an Analyst you will participate in the Commercial Bank Analyst Development Program which is designed to build a broad and deep technical skillset through formal classes, online coursework, and on the job training.

The program starts in July 8, 2026 on-site at our New York City Office with an 8-week intensive curriculum where participants learn about:

• Underwriting fundamentals
• Financial Analysis and Excel Modeling
• First Citizens Bank Core Values
• Application-specific training on systems
• Business unit overviews with team leaders
• Strategic priorities of the Bank
• Credit Policies and Procedures

Following the 8 weeks, Analysts join their teams and stay connected with colleagues through training and professional development sessions. We provide a superior foundation and launchpad for continued success for our Analysts as they begin their careers.

Upon completion of the ADP program, the successful hire will join the Maritime Team and work within a team construct to assist in the credit underwriting and portfolio management of diverse debt solutions for middle-market companies.

Analysts will:

• Conduct comprehensive company and industry research
• Analyze financial statements and detailed operational and financial information to build forecast models of potential and existing borrowers
• Assist in the underwriting of credits, including authoring and coordinating credit committee documents; attending and contributing to credit committee meetings
• Help manage internal deal processes which include performing business, financial and legal diligence, and educating internal risk and control groups
• Construct LTV and scrap value analyses to evaluate deal structures
• Develop understanding and maintain awareness of trends and conditions in the various sub-sectors of the broader maritime market
• Manage accounts post-close and maintain credit files in preparation for internal or external audits.

Basic Qualifications:

Bachelor's Degree and 0 years of experience OR High School Diploma and 4 years experience in in commercial lending or credit Analysis, financial statement analysis, and finance fundamentals

Preferred Qualifications:

• Major or concentration in finance or accounting
• Strong financial analyst skills and writing ability
• Previous financial internship experience in an analytical role within a financial services institutionPrevious financial internship experience in an analytical role within a financial services institution
• GPA of 3.3 or higher
• Maritime sector experience a plus

If hired in NY the base pay for this position is generally between $36.06 - $43.27/hr. 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.