EMB-505 Captain reported their inexperienced First Officer was conducting a visual approach and received an EGPWS terrain warning; and an ATC altitude alert inside the final approach fix. Flight crew climbed and reacquired a normal descent profile for landing.

Narrative

On final approach into ZZZ; my First Officer (FO) was flying the aircraft on a visual approach to Runway XXL. The First Officer is inexperienced in jet aircraft and work executing a visual approach in fast aircraft. During the approach; he got low on the glide path. We had the RNAV XXL as a back up to the visual approach. Inside the final approach fix; we got a warning for Glideslope". The Tower Controller also gave us an altitude alert. At that time we were seeing one white and 3 red lights on the 4 light PAPI system to which I avoided the Controller. The First Officer was able to get stabilized on glide path by 500 ft. and a landing was made. No further action was taken. Warning and ATC alert. Descending to low on approach during a visual procedure. I directed the FO to correct the stride and descent rate and return to the fidelity. The First Officer corrected the descent rate and proceeded to become stabilized by 500 ft. Were continued to land without further event. Be vigilant of descent rate on a visual approach."