First Citizens Bank • Santa Monica, CA 90404
Job #2677075840
First Citizens Energy Finance leverages its deep industry knowledge and expertise to offer comprehensive financing solutions for renewable and conventional power generation. The unit manages a large, diverse portfolio that includes investments in all asset classes across the energy sector. In H1 2023, the group was ranked #4 in US Power and Energy Project Finance by Power Finance & Risk, a top publication covering the energy project finance industry.
Job Summary: This position leads underwriting efforts by servicing Energy portfolios at the highest level of ability and complexity. Supports the Energy lending team with expertise in structuring, analysis, and credit documentation for Energy credit actions. Establishes viability of repayment sources and prepares credit approval memos. Identifies, gathers, and reviews financial information to determine credit grades and appropriate loan structuring. Assesses and communicates risks to assist department risk mitigation strategies. Provides service and support for both associates and customers, assisting in customer calls and may assist in identifying cross-sales opportunities. Offers guidance on escalated or difficult underwriting matters. Leads special projects as needed to facilitate Energy lending activities and service capabilities and may act in a leadership role to less experienced underwriters in the work group.
Manage overall external-facing deal processes including day to day interaction with client, consultants, and lawyers
Lead internal teams across workstreams related to deal underwriting and processing
Review transaction legal documents and provide commentary in the context of deal negotiation
Review financial models prepared by junior team members, ensuring accuracy and functionality
Lead due diligence efforts and prepare Q&A logs for potential lending opportunities
Review consultant reports from independent engineers, insurance consultants, appraisal, and power market consultants
Prepare internal credit memos
Prepare marketing materials for potential clients and lenders
Stay up to date with industry trends and power markets
Train junior team members on modeling and other job responsibilities
The base pay for this position is relative to your experience but the range is generally $150,000 to $175,000 per year. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive, comprehensive benefits program which you can review here:
Qualifications
Bachelor’s degree in a quantitative field
6 years of experience in project finance at a corporate or investment bank, renewable energy company, consulting firm, or renewables focused private equity or private credit fund
Outstanding financial modeling skills
Strong written and oral communication skills, including comfort interacting with clients and consultants
Strong understanding of tax equity and debt structures used in the U.S. renewables space
Strong understanding of risks related to power and renewable energy projects
Experience reviewing legal documents
Company Description:
Founded in 1898 and headquartered in Raleigh, N.C., First Citizens Bank serves customers in 18 states and the District of Columbia. For over 100 years, customers have trusted First Citizens with their money … and their futures. Today, First Citizens is the largest family-controlled bank in the nation and the sixth-largest bank franchise headquartered in the Southeast with more than $30 billion in assets. We employ more than 6,000 associates who are focused on helping our customers achieve a lifetime of success. First Citizens operates more than 570 branches in Arizona, California, Colorado, District of Columbia, Florida, Georgia, Kansas, Maryland, New Mexico, Missouri, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington and West Virginia.
First Citizens Bank. Forever First®. Member FDIC.
Equal Opportunity/Affirmative Action Employer/Minority/Female/Disability/Veteran
If you need special assistance or an accommodation in applying for employment at First Citizens Bank, please contact our Human Resources department.
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