Distressed CRE Underwriter — Assets & Workouts

First Citizens

New York (NY)

Hybrid

USD 150,000 - 180,000

Full time

6 days ago

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Job summary

First Citizens Bank in New York is seeking a CRE credit analyst to support senior team members in managing distressed and stressed CRE loans and OREO assets. You will perform financial analysis, underwriting, and risk assessment to evaluate collateral, borrower creditworthiness, and repayment capacity.

The role emphasizes independent analysis, scenario modeling, and preparation of credit memoranda and recommendations for senior management.

Qualifications

Strong CRE credit analysis knowledge including property cash flow underwriting.
Ability to analyze financial statements, rent rolls, leases, and operating performance.
Experience building or reviewing financial models and evaluating downside scenarios.

Responsibilities

Credit Underwriting & Financial Analysis of distressed CRE loans and OREO assets.
Collateral evaluation, market fundamentals, and projected cash flows for recovery value.
Credit risk assessment of deterioration in borrower/guarantor financials and covenants.
Resolution strategy analysis including workouts, extensions, restructurings, or note sales.
Financial modeling to evaluate downside scenarios and recoveries.
Prepare credit memoranda and recommendations for senior management.
Portfolio monitoring and escalation of changes in credit risk or strategy.
Coordinate with borrowers, legal counsel, brokers, and asset managers during workouts.