Special Assets Officer I (Hybrid)

First Citizens Bank; Denver (CO); Hybrid; USD 102,000 - 136,000; Full time

Job summary

First Citizens Bank in Denver, CO is seeking a seasoned credit portfolio professional for a hybrid role that blends office time with remote work across a national footprint including Los Angeles, San Francisco, New York, and Boston.

You will analyze stressed and distressed assets, model workout strategies, and support negotiations while ensuring adherence to bank policies and regulatory requirements. The position offers a true hybrid work arrangement and opportunities across multiple markets.

Qualifications

• Bachelor's Degree in a related field with 2 years of Credit Training or Financial Modeling, valuation and credit.
• Preferred Area of Study: Accounting, Finance, Credit
• Preferred Area of Experience: Commercial Banking or Advisory

Responsibilities

• Asset Management – Analyzes portfolio financials of stressed and distressed to create models to structure workout strategies for the Borrowers.
• Business Support – Assists team leaders with amendments, waivers, restructuring proposals, and other necessary credit documentation.
• Regulatory Compliance – Maintains current knowledge of regulations pertaining to stressed portfolios and performs due diligence to identify risks.
• Collaboration – Interfaces across internal units to ensure timely, compliant management and resolution of stressed portfolios.

Skills

Negotiation

Financial principles

Financial modeling

Education

Bachelor's degree in related field

High school diploma or GED with 6 years experience

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. This is a hybrid position based in Denver, CO; Los Angeles or San Francisco, CA; New York, NY; or Boston, MA.

Responsibilities & Qualifications

• Asset Management – Analyzes portfolio financials of stressed and distressed to create models to structure workout strategies for the Borrowers. Prepares and processes portfolio reviews, credit action applications and upgrade/downgrade memos.
• Business Support – Works closely with Team leaders in the development, implementation, and monitoring of restructured strategies. Assist team leaders with negotiations of amendments, waivers, restructuring proposals, and other necessary credit documentation.
• Regulatory Compliance – Maintains current knowledge practices and regulations that pertain to management of stressed and distressed portfolios to ensure adherence to regulations and Bank policies and procedures. Performs due diligence to identify risks associated with credit actions.
• Collaboration – Interfaces across multiple internal business units to ensure timely, efficient, and compliant management and resolution of stressed and distressed portfolios.

Position Specific Skills

• Ability to negotiate and influence others
• Knowledge of financial principles and concepts
• Ability to interpret financial information and create effective models

Qualifications

• Bachelor's Degree and 2 years of experience in Credit Training or Financial Modeling, valuation and credit OR High School Diploma or GED and 6 years of experience in Credit Training or Financial Modeling, valuation and credit
• Preferred Area of Study: Accounting, Finance, Credit
• Preferred Area of Experience: Commercial Banking or Advisory

Additional Information

If hired in CO, the base pay for this position is generally between $102,300 and $136,400. If hired in Boston/LA/SF/NYC, the base pay for this position is generally between $105,000 and $145,000. 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.

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.

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.