CORPORATE INTERN - HEALTHCARE LEVERAGED FINANCE (NEW YORK, NY)
Company: First-Citizens Bank & Trust Company
Location: New York
Posted on: October 14, 2024
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Job Description:
OverviewFirst 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 Healthcare Finance team provides comprehensive banking
solutions to middle market private equity clients for various
financing needs, including leveraged buyouts, acquisitions,
refinancings and dividend recapitalizations. Summer Analysts will
support the Underwriting and Portfolio teams in analyzing and
underwriting new and existing cash flow transactions, gaining
exposure to all elements of deal execution, including:Initial due
diligence and development of Investment ThesisThorough and
thoughtful risk mitigationDetailed financial analysis on historical
trends and financeable EBITDAFinancial modeling, including cash
flow projections, DCF analysis, transaction and trading comparables
and deleveraging analysisLegal negotiations and
documentationPost-closing monitoring of credit performanceThe base
pay for this position is relative to your experience but the range
is generally $22.44/hr - $34.32/hr. This position is not eligible
for the benefits program.ResponsibilitiesIn 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.Internship Dates: 5/28/2025 -
8/01/2025QualificationsRequired qualifications:High School Diploma
or GED and 1 year of experienceCurrently 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 minimum GPAStrong desire to
learn and grow.Pursuing a bachelor's degree with a
major/concentration in finance, accounting, or economicsAbility to
work 40 hours per week during the duration of the program.Possess a
positive attitude, naturally curious and enjoys collaborating with
others.Strong verbal and written communication skillsCritical
thinking skillsAbility to multitask.Ability to adapt and adjust
priorities based on business needs.Ability to take direction and
absorb information quickly.The base pay for this position is
relative to your experience but the range is generally $20.39/hr -
$31.19/hr. This position is not eligible for the benefits program.
Summer housing stipend is available for hires meeting eligibility
requirements.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.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.Minimum Salary: 31200.00 Maximum Salary: 31200.00
Salary Unit: Yearly
Keywords: First-Citizens Bank & Trust Company, Hempstead , CORPORATE INTERN - HEALTHCARE LEVERAGED FINANCE (NEW YORK, NY), Accounting, Auditing , New York, New York
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