Distressed Credit & Workout Specialist

First Citizens Bank; Denver (CO); Hybrid; USD 102,000 - 136,000; Full time

Job summary

First Citizens Bank is seeking a Senior Special Assets professional in a hybrid role based in Denver, CO, with cross‑country collaboration across major markets. The role focuses on managing distressed credit relationships, leading workouts, and advising senior leadership on risk mitigation strategies.

The position requires strong financial analysis, modeling, and negotiation skills, with a track record in restructuring and credit writing.

Qualifications

• 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.

Responsibilities

• Manage a portfolio of criticized, classified, and distressed credit relationships with ongoing financial, operational, collateral, and liquidity analysis.
• Lead evaluation, structuring, negotiation, approval, and execution of credit actions including amendments, waivers, forbearance agreements, restructurings, and repayment plans.
• Serve as primary contact for assigned relationships with management teams, boards, investors, sponsors, and advisors to develop and implement workout strategies.
• Prepare and present credit memoranda, risk ratings, reserve assessments, and portfolio updates to senior management and credit approval authorities.
• Maintain expertise in restructuring, bankruptcy, workout, and distressed credit practices and mentor junior professionals.

Skills

Financial analysis

Financial modeling

Credit underwriting

Negotiation

Communication

Portfolio management

Education

Bachelor's Degree in Finance/Accounting or related field

High School Diploma or GED with 6+ years in credit training or financial modeling

Tools

Excel

Job description

First Citizens Bank is seeking a Senior Special Assets professional in a hybrid role based in Denver, CO, with cross‑country collaboration across major markets. The role focuses on managing distressed credit relationships, leading workouts, and advising senior leadership on risk mitigation strategies.

The position requires strong financial analysis, modeling, and negotiation skills, with a track record in restructuring and credit writing.