Director Special Assets

First Citizens Bank•New York, NY

1d•Hybrid

About The Position

This position oversees and directs a team responsible for the management of distressed and stressed CRE loans and OREO. This individual will partner closely with senior management and legal counsel to maximize recoveries through workout strategies. This role requires a seasoned CRE professional with a strong background in credit, legal documentation structuring and negotiations to drive resolutions on workout CRE accounts.

Requirements

Bachelor's Degree and 10 years of experience in commercial lending, loan workout, restructuring advisory, CRE asset management or investment banking OR High School Diploma or GED and 14 years of experience in commercial lending, loan workout, restructuring advisory, CRE asset management or investment banking.

Nice To Haves

2 years of management experience.
Proficient in CRE financial analysis, loan structuring, financial modeling and CRE valuation.
Familiarity with CoStar and Argus.

Responsibilities

Lead a team of CRE workout professionals through restructuring strategy execution, development of credit memorandums and processing portfolio reviews.
Manage the performance, training and evaluation of assigned staff.
Construct and present complex credit recommendations and portfolio updates to senior management.
Engage in restructuring negotiations with borrowers, sponsors, lenders and guarantors.
Ensure regulatory compliance with assigned portfolio and maintain robust quality control processes.
Formulate forecast for assigned portfolio’s charge-off, specific reserve and non-accrual levels.