Special Assets Associate I
First Citizens Bank•Boston, MA
•Hybrid
About The Position
Supports in the portfolio management of a variety of problem loans. Primary responsibilities will include underwriting / executing debt restructuring and portfolio management. The ideal candidate will have the ability to work in a dynamic / fast paced environment, managing a variety of deal stages and types, with a strong attention to detail.
Requirements
- Bachelor's Degree OR High School Diploma or GED/Equivalent and 3 years' experience in Credit Training or Financial Analysis
Nice To Haves
- Preferred Area of Study: Accounting, Finance, or Credit
- Preferred Area of Experience: Commercial Banking or Advisory
Responsibilities
- Assists in the review of the assigned portfolio for credit quality and credit risk rating accuracy and notes any policy exceptions.
- Requires underwriting skills on a variety of technology/life sciences verticals as well as credit products.
- Prepares quarterly CLS/CLR packages as well as CLR minutes.
- Maintains credit files, monitors past dues, prepares underwriting packages, interfaces and collaborates with operations, and contacts clients to obtain financial information.
- Assists in the preparation of quarterly Individual Assessments.
- Must understand and have the ability to navigate a number of Bank systems.
- May manage a small number of less complex accounts and/or charge-offs, including recommending and implementing strategies to mitigate loss and interacting with clients directly.
- Requires basic negotiation skills, basic understanding of workout strategies, and strong credit acumen.
- Ability to review and analyze credit and financial information
- Knowledge of financial principles and concepts
Benefits
- Competitive, thoughtfully designed and quality benefits program
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
