Senior Commercial Resolution & Workout Lead

First Citizens Bank

North Carolina

Hybrid

USD 150,000 - 210,000

Full time

14 days+

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Job summary

First Citizens Bank in Raleigh, NC is seeking a seasoned Commercial Resolution professional to manage a complex loan portfolio and lead problem credit resolutions across commercial, industrial, and large real estate relationships.

You will evaluate credit risk, analyze financial statements, and coordinate with borrowers and counsel to structure cures and restructures. The role emphasizes risk management, portfolio reviews, and collaboration with analysts and management.

Qualifications

Bachelor's Degree with 8+ years of experience in Commercial Resolution, Special Assets, Distressed Loans, and/or Workout.
High School Diploma or GED with 12+ years in Commercial Resolution, Special Assets, Distressed Loans, and/or Workout.
5+ years of SBA 504 experience.

Responsibilities

Portfolio Management - Manages an assigned portfolio of complex commercial, industrial, and business relationships, and large commercial real estate projects. Develops and examines credit profiles to determine resolution strategy. Evaluates loan documentation, credit analysis, and financial information to identify weaknesses that require immediate attention. Creates or revises existing resolutions strategies. Approves modifications, forbearance agreements, and renewals. Identifies and documents troubled debt restructures, recommending status changes as appropriate. Works directly with borrowers, Bank counsel, and other appropriate parties to negotiate and resolve problem credits. Influences the market team for support on resolution strategies and collaborates with analysts on annual reviews.
Business Support - Manages credit, operational, reputational, regulatory, and legal risks related to personal interactions, client transactions, and financial exposures. Serves on review teams and assists with department training efforts.
Loan Expertise - Possesses expert knowledge of current bankruptcy laws and regulations. Designs and implements complex loan restructures, including post default restructures. Skilled in collateral liquidation strategies, and in designing and structuring deficiency actions. Serves as a resource to management and wider business units on the appropriate structuring and monitoring of loan portfolios.
Reporting - Monitors assigned portfolios to report losses or significant changes. Records all actions, conversations, and financial information in department portfolio or loan management system. Presents cases to Special Assets Committee as needed.