Senior Underwriter-Capital Equipment Finance
Morristown, NJ 
Posted 4 days ago
Job Description

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

The VP, Underwriter - Capital Equipment Finance leads underwriting efforts by servicing Capital Equipment Finance (CEF) portfolios at the highest level of ability and complexity. Supports the CEF lending team with expertise in structuring, analysis, and credit documentation for CEF 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 CEF lending activities and service capabilities and may act in a leadership role to less experienced underwriters in the work group.


  • Responsible to analyze and underwrite new and existing lease/loan transactions.
  • Requires strong financial modeling skills, ability to structure, perform due diligence, document and close complex transactions.
  • The position requires a candidate to have very strong credit and analytical skills, who can multi-task and work in a high-paced team environment.
  • Must Interact effectively with Originators and have good verbal communication skills.
  • Responsible for assisting when required portfolio management activity on accounts for equipment loans and leases with aggregate portfolio exposure of ~$1Bn
  • Ensures all applicable credit policies, standards, and procedures are within full regulatory compliance.
  • Responsible for making recommendations on new credit requests, renewals, and modifications ensuring quality and soundness of all credit transactions
  • Capture and document credit decisions, conditions, and modifications to meet client needs as well as balance the bank's internal risk/return requirements
  • Equipment finance knowledge across a wide range of asset classes and obligor types required with solid documentation skills and the ability to lead transaction from cradle to grave.


    Bachelor's Degree and 6 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis. Management OR High School Diploma or GED and 10 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis. Management
    Bachelors Bachelor's Degree in Business, Finance, Economics
    Experience: Finance, Banking
    Skill(s): Credit training program

Experience to include 7 - 10 or more years of experience Underwriting within the equipment leasing space.

Prior leadership/management experience preferred but not required.

Prior problem loan management/workout experience a plus.

Aircraft lease experience a plus.

Strong Microsoft Office Skills required to include Excel and Power Point.Moody's Credit Lens experience a plus.

If hired in New York, the base pay for this position is generally between $150,000 and $175,000. 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:

First Citizens Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race (including traits historically associated with race, such as hair texture and protective hairstyles), color, religion, national origin, sex, age, disability, protected veteran status, sexual orientation, gender identity, genetic information, military membership, application, or obligation, or any other legally protected status.


Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
High School or Equivalent
Required Experience
6+ years
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