Job Description
Principal Commercial Credit Officer- Energy Finance
Overview
This is a hybrid role, with the expectation that time working will regularly take place inside and outside of our NY, Santa Monica, SF, Texas or North Carolina office
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.
Responsibilities
This role is part of the Energy Credit team comprised of senior credit officers within the second line of defense Credit Administration organization covering Energy Finance, specifically Conventional/Renewables Power Project Finance and Oil& Gas related activities. Ensures that key credit issues and risk exposures are thoroughly analyzed and effectively presented, the credit decisions are acceptable, and the structures appropriately mitigate the Bank's risk exposure. Implements credit actions that adhere to Credit Policy as well as, all applicable state and federal banking regulations and confirms the assigned Risk Ratings are accurate and justified.
• Credit Review - Ensures due diligence and background evaluation is complete before credit approval is granted. Ensures the effective administration of the corporate loan policies, programs, objectives, and goals as they pertain to the Bank. Assesses risk ratings of loans at approval, and in an ongoing basis. Assure the integrity of individual credits approved as well as the assigned portfolios.
• Business Support - Works with the Bank's lending and underwriting teams to provide recommendations and approvals on credit structure and potential risks. Negotiates, where necessary, terms under which credit will be extended, including the repayment term, covenants, and collateral requirements. Monitors and manages loan portfolio quality metrics.
• Documentation - Oversees documentation of loans to ensure complete loan files are maintained.
• Special Asset Management - Works with lenders to identify and manage problem loans. Collaborates with Special Assets or Bank attorneys as needed.
• Compliance - Ensures the integrity of the credit process, credit approval documentation and compliance with applicable laws and regulations. Ensures policy compliance requirements are met.
Qualifications
Bachelor's Degree and 10 years of experience in Commercial Credit OR High School Diploma or GED and 14 years of experience
Preferred:
• 5+ years of experience decisioning Energy lending transactions in a large financial institution.
• Demonstrated record of exercising delegated credit approval authority within the 2nd Line of Defense strongly preferred.
• Strong grasp of and experience in Renewables Project Finance (Solar and Battery Storage especially) with working knowledge of the broader energy markets regulatory and operating environment. Experience in risk managing Tax Equity Finance transactions is a plus.
• Knowledge and experience in risk managing Oil &Gas related lending activities, especially Reserve Based Lending is preferred but not required.
• Strong Analytical and Critical Thinking skills including proven ability to understand complex transactions
• Effective communication skills, both verbal and written
• Detail oriented and organized, able to efficiently manage multiple transactions/tasks at the same time.
• Strong team player with solid collaboration skills across the Credit Administration organization and other relevant stakeholders such as the business units.
For NY and CA the base pay for this position is relative to your experience but the range is generally $245,140- $288,400 annually
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.
Overview
This is a hybrid role, with the expectation that time working will regularly take place inside and outside of our NY, Santa Monica, SF, Texas or North Carolina office
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.
Responsibilities
This role is part of the Energy Credit team comprised of senior credit officers within the second line of defense Credit Administration organization covering Energy Finance, specifically Conventional/Renewables Power Project Finance and Oil& Gas related activities. Ensures that key credit issues and risk exposures are thoroughly analyzed and effectively presented, the credit decisions are acceptable, and the structures appropriately mitigate the Bank's risk exposure. Implements credit actions that adhere to Credit Policy as well as, all applicable state and federal banking regulations and confirms the assigned Risk Ratings are accurate and justified.
• Credit Review - Ensures due diligence and background evaluation is complete before credit approval is granted. Ensures the effective administration of the corporate loan policies, programs, objectives, and goals as they pertain to the Bank. Assesses risk ratings of loans at approval, and in an ongoing basis. Assure the integrity of individual credits approved as well as the assigned portfolios.
• Business Support - Works with the Bank's lending and underwriting teams to provide recommendations and approvals on credit structure and potential risks. Negotiates, where necessary, terms under which credit will be extended, including the repayment term, covenants, and collateral requirements. Monitors and manages loan portfolio quality metrics.
• Documentation - Oversees documentation of loans to ensure complete loan files are maintained.
• Special Asset Management - Works with lenders to identify and manage problem loans. Collaborates with Special Assets or Bank attorneys as needed.
• Compliance - Ensures the integrity of the credit process, credit approval documentation and compliance with applicable laws and regulations. Ensures policy compliance requirements are met.
Qualifications
Bachelor's Degree and 10 years of experience in Commercial Credit OR High School Diploma or GED and 14 years of experience
Preferred:
• 5+ years of experience decisioning Energy lending transactions in a large financial institution.
• Demonstrated record of exercising delegated credit approval authority within the 2nd Line of Defense strongly preferred.
• Strong grasp of and experience in Renewables Project Finance (Solar and Battery Storage especially) with working knowledge of the broader energy markets regulatory and operating environment. Experience in risk managing Tax Equity Finance transactions is a plus.
• Knowledge and experience in risk managing Oil &Gas related lending activities, especially Reserve Based Lending is preferred but not required.
• Strong Analytical and Critical Thinking skills including proven ability to understand complex transactions
• Effective communication skills, both verbal and written
• Detail oriented and organized, able to efficiently manage multiple transactions/tasks at the same time.
• Strong team player with solid collaboration skills across the Credit Administration organization and other relevant stakeholders such as the business units.
For NY and CA the base pay for this position is relative to your experience but the range is generally $245,140- $288,400 annually
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.
💡 Quick Summary
Seeking a career-building opportunity? The Principal Commercial Credit Officer- Energy Finance position is now open for candidates interested in the Bank Jobs sector. This role in New York City offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
