First Citizens Bank · 1 week ago
Senior Special Assets Officer - Commercial Credit Risk (Hybrid)
New York, NY
Full-time
Hybrid
Senior Level
$180K/yr - $200K/yr
6+ years expFirst Citizens Bank is seeking a Senior Special Assets Officer to manage a portfolio of distressed real estate credit. The role focuses on maximizing recoveries and minimizing losses through restructuring efforts while providing mentorship to junior staff.
BankingInsuranceLendingPaymentsWealth Management
Responsibilities
Negotiate amendments, waivers, restructuring proposals, and other credit documentation with borrowers, syndicate members, and other key creditors
Analyze financial statements and compliance reporting of stressed and distressed borrowers, sponsors, and guarantors with an aim to evaluate (i) sources of key stress; (ii) repayment capacity and refinancing capabilities; (iii) covenant outlook; and (iv) liquidity situation
Evaluate appraisals and other valuation reports to determine collateral coverage and formulate impairments when necessary
Develop workout strategies, restructuring plans, or exit plans alongside retained advisors and attorneys
Work collaboratively and interface across multiple internal business units including Origination, Legal, Compliance, Operations, Appraisal and Credit
Prepare quarterly credit reviews, credit action applications and risk rating modification memos while presenting findings to senior team leaders and group head
Perform due diligence to identify risks associated with credit actions
Spread financial statements in Moody’s software to determine PD & LGD and assess appropriateness of regulatory ratings
Prepare responses required for regulators and auditors (both internal and external)
This position will occasionally require travel for site visits, client meetings, etc
Qualification
Required
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
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 read Loan Documents
Ability to communicate model/valuation information into meaningful terms
Knowledge of financial principles and concepts
Company
First Citizens Bank
First Citizens Bank provides banking services, essential business and professional services, wealth management capabilities, and more.
10001+ employees
H1B Sponsorship
First Citizens Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (126)
2024 (115)
2023 (249)
2022 (53)
2021 (12)
2020 (9)
Funding
Current Stage
Public CompanyTotal Funding
$33M2021-05-07Post Ipo Debt· $10M
2018-08-29Post Ipo Debt· $23M
1986-10-31IPO
Leadership Team
C
Craig Nix
Chief Financial Officer
Samantha Bureau - Johnson
SVP & Director, Customer Contact Center
Recent News
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2026-01-16
2026-01-13
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