Senior Commercial Resolution & Workout Specialist

First Citizens

Raleigh (NC)

Hybrid

USD 125,000 - 155,000

Full time

4 days ago

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Job summary

First Citizens Bank is seeking a seasoned professional to manage a complex portfolio of commercial and SBA-related loans. The role involves evaluating credit risk, financial statements, and collateral to craft resolution strategies, with modifications, forbearance, or renewals as needed.

The position requires strong credit analysis, regulatory knowledge, and communication with borrowers, counsel, and management.

Qualifications

Bachelor's Degree with 6 years' experience OR High School Diploma or GED/Equivalent and 10 years' experience in Commercial Resolution, Special Assets, Distressed Loans, and/or Workout.
Experience in managing complex commercial loan portfolios, substandard grades, or workout scenarios is preferred.
Knowledge of bankruptcy laws, loan impairment processes, and restructuring strategies.

Responsibilities

Portfolio Management: oversee an assigned portfolio of complex commercial loans, evaluate documentation and financials, develop resolution strategies, and negotiate with borrowers and counsel.
Loan Expertise: stay current on regulations, policies, and procedures; advise on structuring and monitoring loan portfolios.
Reporting: monitor portfolios, record actions and financials, and present cases to committees as needed.
Business Support: manage risks related to personal interactions, transactions, and exposures; participate in review teams or training.