Overview
This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office based in Los Angeles, CA.
This position is a great opportunity to work for the industry leading portfolio department for a top 20 Bank, with advancement opportunities both in the department and other functional areas of Commercial Services, CIT, and First Citizens Bank. You will primarily be responsible for assisting with the management and maintenance of a portfolio of larger more complex client relationships. You will analyze and monitor clients' financial and collateral performance by implementing and maintaining a system of controls and checks & balances.
Responsibilities
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- Assist with the management and maintenance of complex client relationships.
- Analyze and monitor clients' financial and collateral performance by implementing, maintaining a system of controls, and checks and balances.
- Maintain knowledge of clients' financial condition, collateral evaluation, and industry trends.
- Work with a senior relationship manager to ensure portfolio is compliant with First Citizens and CIT Policies and Procedures including Client Credit Authorities and Risk Rating Procedures.
- Familiarity with and ability to apply and understand CIT's Compliance procedures to meet government and company regulations and risk profiles.
- Coordinate with area operations and audit staff to ensure that clients' information is accurate, current, complete, and presented on a timely basis.
- Cultivate/manage relationships with the borrowers by participating in client meetings, discussions, and visits. Attend networking events to develop and enhance referral source relationships.
- Review/analyze interim and fiscal year-end financial statements and client projections on a timely basis and prepare comprehensive credit analysis reports.
- Help with special projects with other departments as needed.
Basic Qualifications:
Bachelor's Degree and 2 years of experience in Financial Services, Commercial Banking
-OR-
High School Diploma or GED and 6 years of experience in Financial Services, Commercial Banking
Preferred Area of Experience:
- 1 year of relevant industry experience with portfolio management/underwriting experience with relevant focus in the leverage lending sector, with a focus on Retail, Apparel, Consumer Products
- Commercial Banking, Factoring, Asset Based Lending, Collateral Management, and Financial Analysis
The base pay for this position is generally between $110,000.00 and $130,000.00. 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.