Senior Special Assets Officer - First Citizens Bank

This position provides support to senior team members assisting in management of a portfolio of distressed and stressed corporate, real estate, and project finance assets. This position also manages their own portfolio without senior guidance. These include debt and swap exposures. The exposures can be bi-lateral, participations in syndicated facilities or agent led transactions. Primary focus for this position is to maximize recoveries and minimize losses of our stressed and distressed loan and equity positions through restructuring efforts to bridge to an exit or turnaround. Qualified candidates would have a credit background and experience with financial modeling, valuation, and credit documentation. They also provide mentoring and guidance to junior staff. They interface with auditors and regulators in conjuction with senior staff.

• Analyze financial statements and KPI reporting of Guarantors and stressed and distressed Borrowers. Develop three-statement models and valuation models to structure workout strategies, determine fulcrum position and assess Borrowers' (i) repayment capacity and refinancing capabilities; (ii) covenants; and (iii) liquidity.
• Prepare and process portfolio reviews, credit action applications and upgrade/downgrade memos.
• Present the aforementioned recommendations to senior management.
• Negotiate of amendments, waivers, restructuring proposals, and credit documentation with Borrowers, syndicate members, and other key creditors. Development, implement and monitor of restructuring strategies.
• Perform due diligence to identify risks associated with credit actions.
• Work collaboratively and interface across multiple internal business units including Origination, Legal, Compliance, Operations, and Credit
• Provide support to junior staff

Bachelor's Degree and 6 years of experience in Credit Training, Financial Analysis OR High School Diploma or GED and 10 years of experience in Credit Training, Financial Analysis

Preferred Education: Bachelors DegreePreferred Area of Study: Accounting Finance or CreditPreferred Area of Experience: Commercial Banking or AdvisorySkill(s): Written Communication and Memoranda, MS Office and Financial Modelling/Valuation, Financial and Credit Analysis, Read Credit/Legal Documentation, Negotiation and Influence Others, People Management

The base pay for this position is relative to your experience. If hired in New York, the range is generally $160,957.00 to $246,800.00 per year. 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.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: