Special Assets Associate I at First Citizens Bank | Boston, MA, US | Rezi

Special Assets Associate I at First Citizens Bank

Special Assets Associate I

First Citizens Bank · Boston, MA, US

Today

Special Assets Associate I

First Citizens Bank · Boston, MA, US

14 hours ago
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About the Role

Supports in the portfolio management of a variety of problem loans. Primary responsibilities will include underwriting and 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.

Responsibilities

  • 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.
  • 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.
  • Must understand and be able to navigate a number of Bank systems.
  • 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.

Requirements

  • Ability to review and analyze credit and financial information
  • Knowledge of financial principles and concepts
  • Bachelor's Degree OR High School Diploma or GED/Equivalent and 3 years' experience in Credit Training or Financial Analysis

Skills

  • Underwriting
  • Portfolio Management
  • Credit Analysis
  • Financial Analysis
  • Negotiation
  • Credit Acumen

Location

  • New York
  • Massachusetts

Work Type

  • Hybrid

Experience Level

  • 3 years experience in Credit Training or Financial Analysis

Education Level

  • Bachelor's Degree
  • High School Diploma or GED/Equivalent

Salary/Compensations

  • New York: $66,600 - $98,000
  • Massachusetts: $63,825 - $97,000

Benefits

  • Competitive, thoughtfully designed, and quality benefits program

About the Company

  • First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates.