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- Raleigh, NC.
- 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.
- Remains current on regulations, compliance requirements, Bank policies, and procedures.
- Monitors assigned portfolios to report losses or significant changes.
- Manages credit, operational, reputational, regulatory, and legal risks related to personal interactions, customer transactions and financial exposures.
Commercial Resolution Officer III- Special Assets/Workout - Angier, United States - First Citizens Bank
Description
Overview:
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.-hybrid position min 3 days a week
Loan Expertise
Reporting
Business Support
Qualifications:
Bachelor's Degree and 6 years of experience in Commercial Resolution or Small Business Administration OR High School Diploma or GED and 10 years of experience in Commercial Resolution or Small Business Administration Preferred - 3+ years experience servicing substandard portfolios in banking/financial services industry.
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