Special Assets Associate

Overview

This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office.

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.

Duties & Responsibilities:

• Underwriting:
  Process Management
  - 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.
• Reporting/Portfolio Management
  - 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.
• Knowledge of Credit Policy, Risk Rating Matrices, and Bank systems
  - Must understand and have the ability to navigate a number of Bank systems.
• Knowledge of Lending Products and Restructuring
  - 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

Minimum Required

Education and Experience:

Bachelor's Degree OR High School Diploma or GED/Equivalent and 3 years' experience in Credit Training or Financial Analysis

Preferred Area of Study:
Accounting, Finance, or Credit

Preferred Area of

Experience:

Commercial Banking or Advisory

If hired in New York, the base pay for this position is generally between $66,600 and $98,000.

If hired in Massachusetts, the base pay for this position is generally between $63,825 and $97,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at