2027 Summer Intern - Maritime Finance (New York, NY)

Job description

Overview

First Citizens Maritime Finance offers customized solutions for secured loans to vessel owners and operators. Key areas of focus include the freight, bulker and container shipping sectors. First Citizens Bank offers an exciting summer internship program that provides development opportunities and hands on work experience while creating a talent pipeline for the Bank. Our interns will apply classroom knowledge in a corporate environment while making a positive impact across the organization and the communities we serve.

Come help First Citizens build for the future! The Maritime Finance group at First Citizens often partners with Private Equity firms, Mezzanine Funds, and Private Credit Funds to offer senior secured loans, sale-leasebacks and bareboat charters to owners and operators of oceangoing cargo vessels, including oil tankers, bulkers, container ships, and LNG tankers. With more than 50 years of combined industry experience, our dedicated team of structured finance professionals works with companies from all major segments of the maritime industry.

The program is designed to provide an opportunity for incumbents to apply classroom knowledge in a corporate environment while delivering tangible value to the organization, as well as gaining valuable work experience. Interns will gain an understanding of the Bank’s overall operation. As a result, each intern will be a part of a broader program that has been established to expose the intern to many facets of the Bank.

To enhance the intern experience, each intern is assigned a manager, and in some cases a mentor, and peer advisor, who will help facilitate a broader view of intern’s role within the Bank.

Responsibilities & Qualifications

In this role, you will: Be part of a dynamic team with interesting projects. Accountabilities can and may include areas such as research, analytics, projects, strategy, process review and improvement, as well as technology enhancements and support. Attend professional development sessions, informational sessions, networking, and community service events. Have a dedicated manager and program manager to help you navigate the bank and the internship program.

Work as part of a Deal Team on live transactions, engaged in many aspects of credit underwriting and portfolio management, including company and industry due diligence, financial analysis, credit memo preparation and portfolio management activities. Participate in internal credit approval meetings and client/customer calls, as appropriate.

Position Specific Skills

Partnerships and Collaboration Communication (Written and Verbal)

Critical thinking skills Required qualifications

High School Diploma OR GED and 1 year of experience Currently enrolled at an accredited collegiate institution (during the time of the summer program) Ability to work 40 hours per week during the duration of the program Preferred qualifications: 3.0 minimum GPA Strong desire to learn and grow. Pursuing a bachelor’s degree with a major/concentration in finance, accounting, or economics Possess a positive attitude, naturally curious and enjoys collaborating with others.

• Strong verbal and written communication skills Critical thinking skills
• Ability to multitask
• Ability to adapt and adjust priorities based on business needs
• Ability to take direction and absorb information quickly Additional Information If hired in NY, the base pay for this position is generally between $22.44 and $26.40.

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 .