Overview
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 Officer II is responsible for supporting senior team members with the management of more complex portfolios of distressed and stressed in order to minimize losses to the Bank. The primary focus of this position is to maximize recoveries and minimize losses of our stressed and distressed loan and equity positions through complex modeling and restructuring efforts to bridge to an exit or turnaround. Exposures can be bi-lateral, participations in syndicated facilities or agent led transactions.
Responsibilities
- Asset Management - Creates more complex credit and valuation models to structure workout strategies for the Borrowers. Utilizes portfolio financial analysis of stressed and distressed to create models to prepare and process portfolio reviews, credit action applications and upgrade/downgrade memos.
- Business Support - Works closely with senior team leaders in the development, implementation, and monitoring of restructured strategies. May negotiate 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. Translates model/valuation information into meaningful and understandable formats.
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Bachelor's Degree and 4 years of experience in Credit Training, or financial modeling, valuation and credit documentation OR High School Diploma or GED and 8 years of experience in Credit Training, or financial modeling, valuation and credit documentation
Preferred
- Area of Study: Accounting, Finance CreditPreferred Area of Experience: Commercial Banking or AdvisoryLicense
- Ability to negotiate and influence others
- Ability to create effective and accurate financial models
- Ability to communicate model/valuation information into meaningful terms
- Knowledge of financial principles and concepts
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.