Commercial Resolution Officer III

jobs-near-me.org

<div class="isg-job-description“>Overview

The ideal candidate will be able to work a hybrid schedule (3 days a week on-site) at our Raleigh, NC office. Will consider fully remote for highly qualified applicant.

This position manages a complex loan portfolio of problem relationships. Evaluates credit risk, financial statements, and loan collateral to develop and execute resolution strategies. Approves modifications, renewals, or other status changes to restructure loans appropriately after evaluations. Coordinates with borrowers, legal counsel, and other key parties to resolve problem credits while minimizing losses. Maintains a functional portfolio review process to identify and recommend status changes in a timely and accurate fashion. Effectively communicates recommendations and reporting to Bank management. May supervise less experienced associates in the work group.

Responsibilities

• Portfolio Management – Manages an assigned portfolio of complex commercial, business, or Small Business Administration substandard graded relationships, building an adequate credit profile to determine initial and long-term resolution strategy. Evaluates loan documentation, credit analysis, and financial information to identify weaknesses that require immediate attention. Creates or revises existing resolutions strategies. Approves modifications, forbearance agreements, and renewals. Identifies and documents troubled debt restructures, recommending status changes as appropriate. Works directly with borrowers, Bank counsel, and other appropriate parties to negotiate and resolve problem credits. Influences the market team for support on resolution strategies, and collaborates with analysts on annual reviews.
• Loan Expertise – Remains current on regulations, compliance requirements, Bank policies, and procedures. Exhibits a thorough knowledge of current bankruptcy laws, loan impairment process, and restructure strategies. May serve as a resource to wider business units on the appropriate structuring and monitoring of loan portfolios.
• Reporting – Monitors assigned portfolios to report losses or significant changes. Records all actions, conversations, and financial information in department portfolio or loan management system. Presents cases to Special Assets Committee as needed.
• Business Support – Manages credit, operational, reputational, regulatory, and legal risks related to personal interactions, customer transactions and financial exposures. May serve on review teams or assist with department training efforts.

Qualifications

Bachelor’s Degree and 6 years of experience in Commercial Resolution, Special Assets, Distressed Loans, and/or Workout OR High School Diploma or GED and 10 years of experience in Commercial Resolution, Special Assets, Distressed Loans, and/or Workout

Preferred Experience:

Bachelor’s Degree with at least 8 years experience in managing a portfolio of Substandard grade credits (special assets / workout / distressed loans) with at least 4 years experience with managing a $40-55MM portfolio size, preferably with a Bank with at least $50-100B in assets

This job posting is expected to remain active for 45 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.

The base pay for this position is generally between $125,000 and $155,000. 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.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

First Citizens Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race (including traits historically associated with race, such as hair texture and protective hairstyles), color, religion, national origin, sex, age, disability, protected veteran status, sexual orientation, gender identity, genetic information, military membership, Application, or obligation, or any other legally protected status.

 

To help us track our recruitment effort, please indicate in your cover/motivation letter where (usajobvacancies.com) you saw this job posting.