Commercial Resolution Officer III (Workout)

First Citizens Bank•Raleigh, NC

4d•Hybrid

About The Position

This position manages a complex loan portfolio of problem relationships. Evaluates credit risk, financial statements, and loan collateral to develop and execute resolution strategies. Approves modifications, renewals, or other status changes to restructure loans appropriately after evaluations. Coordinates with borrowers, legal counsel, and other key parties to resolve problem credits while minimizing losses. Maintains a functional portfolio review process to identify and recommend status changes in a timely and accurate fashion. Effectively communicates recommendations and reporting to Bank management.

Requirements

Bachelor's Degree and 6 years' experience OR High School Diploma or GED/Equivalent and 10 years' experience in Commercial Resolution, Special Assets, Destressed Loans, and/or Workout
Risk Assessment
Financial Analysis
Communication (Written and Verbal)
Credit Analysis
Critical thinking skills

Nice To Haves

Bachelor’s Degree with at least 5 years’ experience in managing a portfolio of Substandard grade credits (special assets / workout / distressed loans)
At least 4 years’ experience with managing a $75+MM portfolio size
Preferably with a Bank with at least $100B in assets

Responsibilities

Manages an assigned portfolio of complex commercial, business, or Small Business Administration substandard graded relationships, building an adequate credit profile to determine initial and long-term resolution strategy.
Evaluates loan documentation, credit analysis, and financial information to identify weaknesses that require immediate attention.
Creates or revises existing resolutions strategies.
Approves modifications, forbearance agreements, and renewals.
Identifies and documents troubled debt restructures, recommending status changes as appropriate.
Works directly with borrowers, Bank counsel, and other appropriate parties to negotiate and resolve problem credits.
Influences the market team for support on resolution strategies, and collaborates with analysts on annual reviews.
Remains current on regulations, compliance requirements, Bank policies, and procedures.
Exhibits a thorough knowledge of current bankruptcy laws, loan impairment process, and restructure strategies.
May serve as a resource to wider business units on the appropriate structuring and monitoring of loan portfolios.
Monitors assigned portfolios to report losses or significant changes.
Records all actions, conversations, and financial information in department portfolio or loan management system.
Presents cases to Special Assets Committee as needed.
Manages credit, operational, reputational, regulatory, and legal risks related to personal interactions, customer transactions and financial exposures.
May serve on review teams or assist with department training efforts.