Special Assets Associate I

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

The Special Assets Associate I 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.

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

Basic Qualifications:

• Bachelor's Degree plus one year experience OR HS Diploma/GED plus 5 years' experience

Preferred Qualifications:

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

If hired in NY, the base pay for this position is generally between $87,000 and $95,000. 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.