CORPORATE INTERN - HEALTHCARE LEVERAGED FINANCE (NEW YORK, NY)

Company: First-Citizens Bank & Trust Company
Location: New York
Posted on: September 30, 2024

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, Clifton , CORPORATE INTERN - HEALTHCARE LEVERAGED FINANCE (NEW YORK, NY), Accounting, Auditing , New York, New Jersey