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Director Business Dev Officer-Cap Equip Finance

First Citizens Bank
Posted 6 months ago, valid for 10 days
Location

Albany, NY, US

Salary

Competitive

Contract type

Full Time

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Sonic Summary

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  • This remote position at First Citizens Bank focuses on originating equipment finance transactions ranging from $3 million to $100 million.
  • Candidates must have either a Bachelor's Degree with 8 years of experience or a High School Diploma with 12 years of relevant experience in transaction origination.
  • The role involves interfacing with C-suite executives and cross-selling other bank products while advocating for deals through the underwriting process.
  • The base salary for this position in New York ranges from $175,000 to $200,000, depending on skills and experience.
  • Preferred qualifications include a background in equipment finance, a strong reputation in the industry, and a solid understanding of credit and collateral structuring.
Overview

This is a remote role that will only be hired in the following location(s):  NY

First Citizens Bank - Capital Equipment Finance (CEF) provides equipment loans and leases for transactions ranging in size from $3 million to $100 million and more. We offer flexible structures and terms of up to eight years, with advance rates tailored to the collateral type, industry type and the credit profile of the borrowers. The CEF business unit targets clients with credit profiles ranging from B to BB+, in general.


Responsibilities & Qualifications

Duties & Responsibilities:
Focus on directly originating transactions of $3MM to $100MM both for "CEF's" own account and in connection with syndication to other industry players
Cross sell other First Citizens bank products through internal referrals
Interface with C Suite level executives
Solicit and origination transactions with all types of equipment types and industries including; construction, manufacturing - discrete and process, automotive, energy, transportation, chemicals and plastics, inland marine.
Act as deal advocate using strong credit skills in working with the underwriting team to facilitate transactions through closing.


Qualifications:

Required:

 

Bachelor's Degree and 8 years of experience in Direct origination of transactions ranging from $3MM to $100MM OR High School Diploma or GED and 12 years of experience in Direct origination of transactions ranging from $3MM to $100MM

 

Preferred:

 

  • BA Business or Economics
  • Understanding of all market deal structures
  • Direct origination of equipment finance and leasing transactions for companies with revenues greater than $75 million dollars.
  • 8 years in an Equipment finance deal origination role with strong understanding of credit, collateral and structuring
  • Originating transactions with all types of equipment types and industries including; construction, manufacturing - discrete and process, automotive, energy, transportation, chemicals and plastics, inland marine.
  • Strong track record closing transactions and developing a new territory
  • Strong and respected reputation in industry with strong base of clients and contacts
  • Previous credit background and bank experience a plus
  • Understands the benefits of selling tax lease products

 


Additional Information

 

If hired New York the base pay for this position is generally between $175,000.00 and $200,000.00. 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.

 

#LI-NK1

 

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.




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