Special Assets Associate I

First Citizens; New York (NY); Hybrid; USD 67,000 - 98,000; Full time

Job summary

First Citizens Bank in New York seeks a hybrid role professional to support underwriting and portfolio management of a diverse loan portfolio. You will review credit data, analyze financial information, and assist in preparing underwriting packages and CLS/CLR minutes.

Ideal candidates have a bachelor’s degree and at least 3 years in credit training or financial analysis; knowledge of credit policy and risk rating matrices is a plus.

Qualifications

• Review and analyze credit and financial information.
• Knowledge of financial principles and concepts.
• 3+ years' experience in Credit Training or Financial Analysis.

Responsibilities

• Underwriting: assist review of portfolio for credit quality and risk rating accuracy; note policy exceptions.
• Reporting/Portfolio Management: maintain credit files, monitor past dues, prepare underwriting packages.
• Credit Policy & risk matrices: navigate bank systems and policy guidelines.
• Lending & Restructuring: manage less complex accounts; suggest workout strategies.

Skills

Credit analysis

Financial analysis

Education

Bachelor's Degree

High School Diploma or GED

Job description

Overview

This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office.

Supports in the portfolio management of a variety of problem loans. Primary responsibilities will include underwriting / executing debt restructuring and portfolio management. The ideal candidate will have the ability to work in a dynamic / fast paced environment, managing a variety of deal stages and types, with a strong attention to detail.

Responsibilities & Qualifications

Duties & Responsibilities:

• Underwriting: Process Management - Assists in the review of the assigned portfolio for credit quality and credit risk rating accuracy and notes any policy exceptions. Requires underwriting skills on a variety of technology/life sciences verticals as well as credit products. Prepares quarterly CLS/CLR packages as well as CLR minutes.
• Reporting/Portfolio Management - Maintains credit files, monitors past dues, prepares underwriting packages, interfaces and collaborates with operations, and contacts clients to obtain financial information. Assists in the preparation of quarterly Individual Assessments.
• Knowledge of Credit Policy, Risk Rating Matrices, and Bank systems - Must understand and have the ability to navigate a number of Bank systems.
• Knowledge of Lending Products and Restructuring - May manage a small number of less complex accounts and/or charge-offs, including recommending and implementing strategies to mitigate loss and interacting with clients directly. Requires basic negotiation skills, basic understanding of workout strategies, and strong credit acumen.

Position Specific Skills

• Ability to review and analyze credit and financial information
• Knowledge of financial principles and concepts

Minimum Required Education and Experience: Bachelor's Degree OR High School Diploma or GED/Equivalent and 3 years' experience in Credit Training or Financial Analysis

Preferred Qualifications

Preferred Area of Study: Accounting, Finance, or Credit

Preferred Area of Experience: Commercial Banking or Advisory

Additional Information

If hired in New York, the base pay for this position is generally between $66,600 and $98,000.

If hired in Massachusetts, the base pay for this position is generally between $63,825 and $97,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.