Special Assets Associate

Why Stifel

Stifel strives for a culture that puts its clients and associates first: a culture where everyone belongs, everyone is welcome, and everyone contributes to the success of our clients, their careers, and the firm as a whole.

Let’s talk about how you can find your place here at Stifel, where success meets success.

What You'll Be Doing

The Special Assets Associate supports the Special Assets Team members in the underwriting, monitoring, and resolution of criticized, classified, and other heightened-risk commercial credit relationships at Stifel Bank. The Associate applies completed credit training and prior credit experience to prepare financial and credit analyses, draft credit memoranda and recommendations, and support workout strategies, risk ratings, and portfolio reporting, with review and oversight from senior team members. The Associate takes ownership of assigned analytical workstreams, exercises judgment in identifying risks and information gaps, and coordinates with borrowers and internal partners as directed. Supported relationships may include venture-backed and sponsor-supported companies.

What We're Looking For

• Prepare financial-statement spreads and borrower, guarantor, liquidity, cash-flow, leverage, collateral, and repayment analyses to support the Special Assets Team in evaluating assigned relationships.
• Draft credit memoranda, periodic reviews, risk-rating recommendations, situation updates, and approval materials for amendments, extensions, forbearances, and restructurings, subject to review.
• Develop and update cash-flow, cash-runway, and recovery models; evaluate assumptions and downside scenarios, identify key credit risks, and present findings and preliminary recommendations to the Team.
• Review borrower reporting, borrowing-base information, compliance certificates, covenant compliance, payment performance, and collateral data; identify discrepancies, reporting gaps, and early warning indicators and promptly escalate concerns.
• Support nonaccrual, charge-off, specific reserve, and loss-forecast analyses by preparing supporting calculations and documentation for senior review.
• Maintain current and accurate credit files, portfolio data, reporting schedules, and action-plan trackers and follow up on outstanding items.
• Support execution of approved amendments, waivers, forbearances, restructurings, settlements, and other resolution activities by preparing analyses, coordinating documentation, and tracking conditions and deliverables, with oversight.
• Coordinate routine information requests with borrowers, relationship teams, credit, loan operations, legal, and finance with direction.
• Conduct industry, company, market, and transaction research.
• Take ownership of assigned underwriting and analytical workstreams, incorporate review feedback, and ensure completed work is accurate, well-supported, and timely.

What You'll Bring

• Solid understanding of financial statements, accounting fundamentals, commercial credit underwriting, cash flow, liquidity, leverage, collateral, and repayment sources.
• Ability to apply credit training to develop supported analyses and preliminary credit recommendations, rather than solely compiling information.
• Strong written and verbal communication skills and ability to draft clear credit memoranda and explain analytical conclusions.
• Sound judgment, attention to detail, and ability to reconcile source information, identify risks and gaps, and escalate concerns appropriately.
• Ability to manage multiple assignments, meet deadlines, take ownership of analytical workstreams, and incorporate feedback from team members.
• Ability to work collaboratively with internal partners.
• Familiarity with distressed-credit monitoring, commercial loan documentation, workout concepts, venture debt, or sponsor-supported lending preferred; advanced legal or workout expertise is not required.

Education & Experience

• Minimum Required: Bachelor’s degree in economics, finance, accounting, or another business-related field, or an equivalent combination of education and relevant work experience.
• Minimum Required: 2+ years of relevant commercial banking, credit underwriting, credit analysis, or portfolio-management experience and completion of formal commercial credit training or an equivalent structured credit-training program.
• Preferred: Experience preparing commercial credit memoranda and financial models; exposure to special assets, distressed credits, venture-backed or sponsor-supported borrowers, or technology and life-sciences business models.

Licenses & Credentials

• Minimum Required: None. #L1-JK1

Systems & Technology

• Proficient in Microsoft Excel, Word, PowerPoint, and Outlook, including financial modeling, scenario analysis, and data reconciliation.
• Ability to learn and effectively use loan accounting, credit underwriting, portfolio monitoring, risk-rating, covenant tracking, document-management, and reporting systems.

Compensation RangeSalary: USD $90,000.00/Yr. - USD $115,000.00/Yr. Actual salaries may vary, and may be based on several factors, including but not limited to each candidate’s qualifications, skills, and overall competencies for the position. The base salary is one component of Stifel’s overall compensation package for each individual employee. Other benefits and offerings include, but not limited to, discretionary bonuses, health / dental / vision / prescription insurance offerings, Stifel Total Health Connect, flexible spending accounts, tuition & certification assistance programs, paid time off, and much, much more! To view a more comprehensive list of Stifel’s current offerings, please visit https://www.stifel.com/careers/benefits. Applications are accepted until the position is filled. About Stifel

Stifel is more than 130 years old and still thinking like a start-up.  We are a global wealth management and investment banking firm serious about innovation and fresh ideas.  Built on a simple premise of safeguarding our clients’ money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.

While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations.  Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more.  Let’s talk about how you can find your place here at Stifel, where success meets success.

At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.

Stifel’s bank and trust companies are equal opportunity employers. All candidates will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, veteran status, genetic information or any other protected characteristic under applicable law.  If you would like more information regarding Equal Employment Opportunity rights and protections, please review the following information: Know Your Rights.

Stifel is an Equal Opportunity Employer.