The intern will work as part of a deal team on live transactions, assisting with credit underwriting, portfolio management, and financial modeling for energy projects. They will also conduct due diligence, prepare internal credit memorandums, and develop marketing materials for clients and lenders.
Requirements overview
Candidates must be currently enrolled at an accredited collegiate institution, with a preference for rising seniors pursuing a quantitative degree. Applicants should possess strong communication skills, a minimum 3.0 GPA, and the ability to work 40 hours per week.
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 500 branches and offices in 30 states; commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast; innovation banking serving businesses at every stage; and a nationwide direct bank. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.
Visit firstcitizens.com or call toll-free 1.888.FC DIRECT (1.888.323.4732). First Citizens Bank. Forever First®. Member FDIC. Equal Housing Lender.
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Overview
The Power and Renewables Energy Group within First Citizens Bank’s Energy Finance Business is hiring a Commercial Banking Underwriting Analyst to participate in the Analyst Development Program. The Power and Renewable Energy Group lends money to finance large scale US conventional gas power projects and renewable energy projects such as solar, wind, and battery storage. The team arranged over $1 billion in debt financing in 2026 and consistently ranks among the top banks in leading financings for US power and renewables projects.
The group is hiring a Corporate Banking Intern – Summer Analyst to support their financial analysis efforts. The summer internship program is designed to provide an opportunity for students to apply classroom knowledge in a corporate environment while delivering tangible value to the organization, as well as gaining valuable work experience. Interns will be assigned to live transactions and will be exposed to leading industry players, lenders, and investors, gaining insight into transaction processes and deal execution.
Responsibilities & Qualifications
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!
Work as part of a Deal Team on live transactions, engaged in many aspects of credit underwriting and portfolio management, financial analysis, credit memo preparation
Financial modeling in excel of solar, wind, gas and battery storage projects
Due diligence of power projects including company and industry analysis, reviewing engineering, market, insurance and transmission studies
A capstone project and presentation designed to improve a specific process or solve a problem that will be presented at the close of the internship
Preparation of internal credit memorandum
Preparation of marketing materials for potential clients and other lenders
Participate in internal credit approval meetings and client/customer calls, as appropriate.
Attend professional development and informational sessions, networking and community service events
Internship program dates: 5/24/2027 - 7/30/2027
Position Specific Skills:
Critical thinking
Communication (written & verbal
Analytical (data)
Qualifications:
Minimum Required Education and Experience: High School Diploma or GED and 1 years' experience in Currently enrolled at an accredited collegiate institution (during time of the internship program)
Preferred Qualifications:
3 years of college experience (rising senior)
3.0 GPA or higher
Ability to work 40 hours per week during the duration of the program
Major in a quantitative field including engineering, finance, accounting or economics
Strong verbal and written communications skills
Interest in renewable energy
Additional Information
If hired in Santa Monica, CA, the base pay for this position is generally between $22.44/hr and $26.40/hr. 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.