Distressed Credit & Workout Specialist

First Citizens Bank; San Francisco (CA); Hybrid; USD 105,000 - 145,000; Full time

Job summary

First Citizens Innovation Bank in San Francisco offers a hybrid Senior Special Assets role focused on managing distressed credit relationships, performing financial and collateral analysis, and guiding workout strategies across a dynamic innovation banking portfolio.

You will coordinate with company management, boards, investors and sponsors, prepare credit memoranda, and drive restructurings, amendments, forbearances, and other recovery actions in collaboration with senior leadership.

Qualifications

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

Negotiation

Financial analysis

Financial modeling

Education

Bachelor's degree

High school diploma or GED

Job description

First Citizens Innovation Bank in San Francisco offers a hybrid Senior Special Assets role focused on managing distressed credit relationships, performing financial and collateral analysis, and guiding workout strategies across a dynamic innovation banking portfolio.

You will coordinate with company management, boards, investors and sponsors, prepare credit memoranda, and drive restructurings, amendments, forbearances, and other recovery actions in collaboration with senior leadership.