This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.
The Aerospace, Defense and Government Finance business (“ADG”) within First Citizens Bank is hiring an Underwriting Analyst to participate in the Commercial Bank Analyst Development Program.
The Aerospace, Defense, and Government Finance business (“ADG”) within First Citizens Bank is a middle market banking franchise focused on providing customer financing and banking solutions to clients within the ADG sectors in the U.S. and select foreign borrowers. ADG typically finances multiple aviation asset classes under asset-backed loan structures as well as lends under cash flow structures to borrowers in the US government and defense sectors secured by all assets of a borrower’s enterprise. Transaction sizes range from $15 million to $1 billion with ADG hold sizes up to $100MM.
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 2026, on-site at our New York City Office with an 8-week intensive curriculum where participants learn about:
Underwriting fundamentalsFinancial Analysis and Excel ModelingFirst Citizens Bank Core ValuesApplication-specific training on systemsBusiness unit overviews with team leadersStrategic priorities of the BankCredit Policies and ProceduresFollowing 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.
Responsibilities
Upon completion of the ADP program, candidates will join the Aerospace, Defense, & Government Finance 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:
Cash flow modeling in Excel incorporating various ADG loan structures and borrower projectionsDue diligence of clients including company and industry analysisAssisting in the preparation of internal credit memorandumPreparation of marketing materials for potential clients and other lendersWork as part of a Deal Team on live transactions, engaged in many aspects of credit underwriting and portfolio management, financial analysis, and credit memo preparationParticipate in internal credit approval meetings and client/customer calls, as appropriate.Ensure compliance with all FCB policies and procedures.Firm understanding of FCB systems and resources
Qualifications
Basic Qualifications:
Bachelor’s degree OR high school OR GED with minimum 4 years' experience in financial servicesPreferred Qualifications:
Bachelor's degree completed upon start of the program.Major or concentration in quantitative field including math, business, finance, accounting or economicsAbility to demonstrate strong analytical and quantitative skills.Undergraduate GPA of 3.5 or higher.Anticipated graduation in 2026Previous internship experience in an analytical role within a financial services institution.Interest in aerospace, defense and government financingThe base pay for this position is generally between $36.06/hour and $43.27/hour. 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.