Distressed Asset Recovery Specialist

First Citizens Bank; Boston (MA); Hybrid; USD 105,000 - 145,000; Full time

Benefits offered by this job

Hybrid work

Bonus potential

Benefits package

Job summary

First Citizens Innovation Bank, in a hybrid role based in Boston, seeks a Senior Credit professional to manage distressed assets within the Special Assets Group. You will perform financial, collateral, and liquidity analysis; structure and negotiate workouts; present risk assessments to leadership; mentor junior staff and maintain regulatory and governance standards.

A Bachelor's degree with 4+ years in credit/trading or related fields is preferred, with strong modeling and negotiation skills.

Qualifications

• Requires 4+ years of commercial banking and credit experience in the innovation economy.
• Strong financial analysis and modeling, credit underwriting, negotiation, and credit writing skills.

Responsibilities

• Manage a portfolio of criticized, classified, and distressed credit relationships, performing ongoing financial, operational, collateral, and liquidity analysis to assess risk and recommend appropriate workout strategies.
• Lead the evaluation, structuring, negotiation, approval, and execution of credit actions, including amendments, waivers, forbearance agreements, restructurings, repayment plans, and other resolution alternatives.
• Serve as the primary contact for assigned relationships, engaging with company management teams, boards, investors, sponsors, advisors, and other stakeholders to develop and implement effective workout and recovery strategies.
• Prepare and present credit memoranda, risk rating recommendations, reserve assessments, and portfolio updates to senior management and credit approval authorities.
• Maintain expertise in restructuring, bankruptcy, workout, and distressed credit practices while supporting team development through collaboration, knowledge sharing, and mentorship of junior professionals.

Skills

Financial analysis

Credit underwriting

Negotiation

Modeling

Education

Bachelor's Degree and 2 years of experience in Credit Training or Financial Modeling, valuation and credit

High School Diploma or GED and 6 years of experience in Credit Training or Financial Modeling, valuation and credit

Tools

Excel

Job description

First Citizens Innovation Bank, in a hybrid role based in Boston, seeks a Senior Credit professional to manage distressed assets within the Special Assets Group. You will perform financial, collateral, and liquidity analysis; structure and negotiate workouts; present risk assessments to leadership; mentor junior staff and maintain regulatory and governance standards.

A Bachelor's degree with 4+ years in credit/trading or related fields is preferred, with strong modeling and negotiation skills.