Special Assets Associate I

First Citizens Bank; San Francisco (CA); Hybrid; USD 66,000 - 98,000; Full time

Job summary

First Citizens Bank is seeking aHybrid role that supports in portfolio management of problem loans. You will underwrite and execute debt restructuring while maintaining detailed credit analysis and portfolio oversight.

The ideal candidate has experience with credit policy, risk ratings, and bank systems, plus the ability to navigate complex lending products and workout strategies in a fast-paced environment.

Qualifications

• Bachelor's Degree OR High School Diploma with 3 years in Credit Training or Financial Analysis.
• Experience with credit analysis, restructuring and portfolio monitoring.
• Ability to review credit quality and risk ratings across multiple product types.

Responsibilities

• Underwriting: review portfolios for credit quality and policy exceptions; prepare CLS/CLR packages.
• Reporting/Portfolio Management: maintain credit files, monitor past dues, prepare underwriting packages.
• Knowledge of Credit Policy, Risk Rating Matrices, and Bank systems; navigate multiple bank systems.
• Knowledge of Lending Products and Restructuring; may manage less complex accounts and negotiate solutions.

Skills

Underwriting

Reporting

Portfolio Management

Credit Policy

Risk Rating

Bank Systems

Lending Products

Restructuring

Education

Bachelor's Degree

High School Diploma or GED/Equivalent

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 CA, the base pay for this position is generally between $66,000.00 to $98,000.00 per year. If hired in CO, the base pay for this position is generally between $63,000.00 to $95,000.00 per year. 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.

This job posting is expected to remain active for 45 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.