Special Assets Associate I

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

Job summary

First Citizens Bank is seeking a hybrid role in New York for an experienced credit professional. You will underwriting and manage a diverse portfolio, reviewing credit quality and risk, and preparing essential packages and minutes for decisions.

The role emphasizes knowledge of credit policy, risk matrices, and bank systems, with exposure to lending products and restructuring strategies. A Bachelor's/ GED with 3 years' relevant experience is expected, in a commercial banking context.

Qualifications

• Bachelor's Degree or High School Diploma/GED with 3 years' experience in Credit Training or Financial Analysis
• Experience reviewing portfolios for credit quality and risk rating accuracy
• Knowledge of credit policy, risk rating matrices, and bank systems
• Understanding of lending products and basic workout strategies

Responsibilities

• Underwriting: review assigned portfolio for credit quality and risk rating accuracy; prepare CLS/CLR packages and minutes
• Reporting/Portfolio Management: maintain credit files, monitor past dues, prepare underwriting packages and quarterly assessments
• Navigate bank systems and use credit policy and risk matrices effectively
• Interact with clients on credit restructuring and negotiation as needed

Skills

Underwriting

Credit analysis

Financial analysis

Risk management

Negotiation

Education

Bachelor's degree or GED

Tools

Bank systems

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 Qualifications:

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.