Special Assets Officer II

Special Assets Officer II

Overview:

This position is responsible for supporting senior team members in the Commercial Bank with the management of complex portfolios of distressed and stressed non-real estate assets. The primary focus of this position is to maximize recoveries and minimize losses of stressed and distressed non-real estate loan and equity positions originated in the Commercial Bank 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 complex credit and valuation models to structure workout strategies for non-real estate commercial borrowers. Utilizes portfolio financial analysis of stressed and distressed borrowers, sponsors and guarantors to evaluate (i) sources of key stress; (ii) repayment capacity and refinancing capabilities; (iii) covenant outlook; and (iv) liquidity situation. Prepare and process quarterly credit reviews, credit action applications and upgrade/downgrade memos. Spread financial statements in Moodys software to determine PD & LGD and assess appropriateness of regulatory ratings.
• 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 with borrowers, syndicate members and other key creditors.
• 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. This position will occasionally require travel for site visits, client meetings, etc.

The base pay for this position is relative to your experience but the range is $118,928.00 to $182,357.00. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive, comprehensive benefits program which you can review here: https://jobs.firstcitizens.com/benef

Qualifications:

• 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 Qualifications:

• Degree in Accounting or Finance preferred.
• Commercial Banking or Advisory experience preferred.
• Ability to negotiate and influence others.
• Ability to create effective and accurate financial models.
• Ability to communicate model/valuation information in into meaningful terms.
• Knowledge of financial principles and concepts.