Special Assets Officer I (Hybrid)

First Citizens Bank•Boston, MA

16h•Hybrid

About The Position

This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office. This is a hybrid position based in Denver, CO; Los Angeles or San Francisco, CA; New York, NY; or Boston, MA. This position is responsible for assisting with the management of a portfolio of distressed and stressed in order to minimize losses to the Bank. The primary focus of this position is to maximize recoveries and minimize losses of our stressed and distressed loan and equity positions through restructuring efforts to bridge to an exit or turnaround. Exposures can be bi-lateral, participation in syndicated facilities or agent led transactions.

Requirements

Ability to negotiate and influence others
Knowledge of financial principles and concepts
Ability to interpret financial information and create effective models
Bachelor's Degree and 2 years of experience in Credit Training or Financial Modeling, valuation and credit OR High School Diploma or GED and 6 years of experience in Credit Training or Financial Modeling, valuation and credit

Nice To Haves

Preferred Area of Study: Accounting, Finance, Credit
Preferred Area of Experience: Commercial Banking or Advisory

Responsibilities

Analyzes portfolio financials of stressed and distressed to create models to structure workout strategies for the Borrowers.
Prepares and processes portfolio reviews, credit action applications and upgrade/downgrade memos.
Works closely with Team leaders in the development, implementation, and monitoring of restructured strategies.
Assist team leaders with negotiations of amendments, waivers, restructuring proposals, and other necessary credit documentation.
Maintains current knowledge practices and regulations that pertain to management of stressed and distressed portfolios to ensure adherence to regulations and Bank policies and procedures.
Performs due diligence to identify risks associated with credit actions.
Interfaces across multiple internal business units to ensure timely, efficient, and compliant management and resolution of stressed and distressed portfolios.