Special Assets Associate I

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.

Responsibilities & Qualifications

• 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.
• Position Specific Skills: Ability to review and analyze credit and financial information
• Knowledge of financial principles and concepts
• Required Qualifications: 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 Qualifications:

• Bachelor's Degree, majoring in ajor in Accounting, Finance, Business or Economics
• Prior internship experience at First Citizens Bank
• Additional Information
• If hired in New York, the base pay for this position is generally between $66,600 and $98,000.
• 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 https://jobs.firstcitizens.com/benefits.
• #EJC

Responsibilities

• 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.
• Position Specific Skills: Ability to review and analyze credit and financial information
• Knowledge of financial principles and concepts
• Required Qualifications: 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 Qualifications:

• Bachelor's Degree, majoring in ajor in Accounting, Finance, Business or Economics
• Prior internship experience at First Citizens Bank

Qualifications

• If hired in New York, the base pay for this position is generally between $66,600 and $98,000.
• 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 https://jobs.firstcitizens.com/benefits.
• #EJC