Special Assets Officer II (Hybrid)

First Citizens Bank•Boston, MA

1d•Hybrid

About The Position

This is a hybrid role (Boston, MA, New York, NY, or Santa Monica, CA) with the expectation that time working will regularly take place inside and outside of a company office. Three days a week in office. This position is responsible for the management of more complex portfolios 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 complex modeling and restructuring efforts to bridge to an exit or turnaround. Exposures can be bi-lateral, participations in syndicated facilities or agent led transactions.

Requirements

Bachelor's Degree and 4 years of experience in Credit Training, or financial modeling, valuation and credit documentation OR High School Diploma or GED and 8 years of experience in Credit Training, or financial modeling, valuation and credit documentation
Ability to negotiate and influence others
Ability to create effective and accurate financial models
Ability to communicate model/valuation information into meaningful terms
Knowledge of financial principles and concepts
Strong written and verbal communication skills

Nice To Haves

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

Responsibilities

Creates more complex credit and valuation models to structure workout strategies for the Borrowers.
Utilizes portfolio financial analysis of stressed and distressed to create models to prepare and process portfolio reviews, credit action applications and upgrade/downgrade memos.
Responsible for the development, implementation, and monitoring of restructuring strategies.
May negotiate 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.
Translates model/valuation information into meaningful and understandable formats.