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About the Role
The Special Assets Group protects the bank's portfolio and supports clients through financial stress, operational challenges, and strategic transitions. This role supports the portfolio management of problem loans, focusing on underwriting and executing debt restructuring. The ideal candidate will thrive in a dynamic environment, managing diverse deal stages with meticulous 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.
- Prepares quarterly credit review packages and credit committee minutes.
- Maintains credit files, monitors past dues, and prepares underwriting packages.
- Interfaces and collaborates with operations and contacts clients for financial information.
- Assists in the preparation of quarterly Individual Assessments.
- Understands and navigates various Bank systems.
- Manages less complex accounts and/or charge-offs, recommending and implementing loss mitigation strategies, and interacting directly with clients.
- Monitors credit portfolios.
- Builds productive relationships.
- Performs financial analysis.
Requirements
- Underwriting skills on a variety of technology/life sciences verticals as well as credit products.
- Knowledge of Credit Policy, Risk Rating Matrices, and Bank systems.
- Knowledge of Lending Products and Restructuring.
- Basic negotiation skills.
- Basic understanding of workout strategies.
- Strong credit acumen.
- Bachelor's Degree OR High School Diploma or GED/Equivalent and 3 years' experience in Credit Training or Financial Analysis.
- Bachelor’s Degree in Accounting, Finance, or Credit (Preferred).
- 1 year experience in Commercial Banking or Problem Loan Management (Preferred).
- Strong financial analysis and accounting skills (Preferred).
- Ability to review and analyze credit and financial information (Preferred).
- Knowledge of financial principles and concepts (Preferred).
- Strong communication skills (Preferred).
Skills
- Credit Portfolio Monitoring
- Builds Productive Relationships
- Financial Analysis
- Underwriting
- Negotiation
- Workout Strategies
- Credit Acumen
- Communication
Location
- Massachusetts
- New York
Work Type
- Hybrid
Experience Level
- 3 years experience in Credit Training or Financial Analysis (with High School Diploma/GED)
- 1 year experience in Commercial Banking or Problem Loan Management (Preferred)
Education Level
- Bachelor's Degree
- High School Diploma or GED/Equivalent
- Bachelor’s Degree in Accounting, Finance, or Credit (Preferred)
Salary/Compensations
- $63,000 - $97,000 (Massachusetts)
- $66,000 - $98,000 (New York)
Benefits
- Competitive, thoughtfully designed, and quality benefits program.
About the Company
- First Citizens Bank