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Underwriter II - Energy

AT First Citizens Bank
First Citizens Bank

Underwriter II - Energy

Santa Monica, CA

Overview

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

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, it was ranked #4 in US Power and Energy Project Finance by Power Finance & Risk, a top publication covering the energy project finance industry.

Responsibilities

  • Analyze detailed financial models prepared by clients to evaluate lending opportunities
  • Prepare debt sizing models and sensitivities
  • Conduct due diligence 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
Qualifications

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Sr Analyst

Required Experience

A Bachelor's Degree and 1 year of Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis or a High School Diploma or GED and 5 years of Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.

Preferred Experience

  • Bachelor's degree preferably in a quantitative field
  • 1 year of experience in project finance at a bank, renewable energy company, consulting firm, or renewables focused private equity or private credit fund
  • Formal credit training
  • Strong analytical and quantitative skills
  • Strong financial modeling skills
  • Strong written and oral communication skills
  • Knowledge of tax equity and debt structures used in the renewable space
  • Strong attention to detail and very organized
  • Strong time management skills
  • Self-starter and naturally inquisitive
  • Takes pride in work product
  • Team-player
Associate

Required Experience

A Bachelor's Degree and 2 years of Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis or a High School Diploma or GED and 6 years of Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.

Preferred Experience

  • Bachelor's degree required, preferably in a quantitative field
  • 2 years of experience in project finance at a bank, renewable energy company, consulting firm, or renewables focused private equity or private credit fund
  • Strong analytical and quantitative skills
  • Outstanding financial modeling skills
  • Strong written and oral communication skills, including comfort interacting with clients and consultants
  • Knowledge of tax equity and debt structures used in the renewable space
  • Strong attention to detail and very organized
  • Strong time management skills
  • Self-starter and naturally inquisitive
  • Takes pride in work product
  • Team-player
The base pay for the Sr Analyst position is generally between $95,000 and $110,000. The base pay for the Associate position is generally between $110,000 and $135,000. 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.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits

Client-provided location(s): Santa Monica, CA, USA
Job ID: FCB-24270-en-us
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • HSA
    • HSA With Employer Contribution
    • Fitness Subsidies
    • Mental Health Benefits
    • Virtual Fitness Classes
  • Parental Benefits

    • Family Support Resources
    • Non-Birth Parent or Paternity Leave
    • Birth Parent or Maternity Leave
    • Adoption Leave
    • Fertility Benefits
  • Office Life and Perks

    • Commuter Benefits Program
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Volunteer Time Off
    • Leave of Absence
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Financial Counseling
    • Profit Sharing
  • Professional Development

    • Access to Online Courses
    • Internship Program
    • Leadership Training Program
    • Promote From Within
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)

Company Videos

Hear directly from employees about what it is like to work at First Citizens Bank.