Special Assets Officer
Our client, a well-established community bank, is seeking a diligent and experienced Special Assets Manager to join their team. In this role, you will be responsible for managing the bank's Special Assets portfolio, focusing on the review, analysis, and resolution of criticized and non-performing commercial and consumer loans. You will work closely with credit, legal, and executive teams to develop strategies for risk mitigation and asset recovery, ensuring the bank's portfolio quality and financial performance remain strong.
Responsibilities
Manage a portfolio of adversely classified, non-performing, and problem loans for both commercial and consumer lines
Develop, implement, and monitor asset workout strategies, restructures, liquidations, and collection plans
Perform comprehensive credit analysis and loan reviews to assess borrower risk and recommend appropriate action steps
Collaborate with borrowers, attorneys, and internal stakeholders to facilitate modifications, documentation, and collections
Prepare and present detailed reports regarding the status of Special Assets to executive and board-level management
Ensure compliance with all applicable banking regulations, internal policies, and procedures
Participate in the management of OREO (Other Real Estate Owned) assets, including valuation, maintenance, marketing, and disposition
Maintain accurate loan files and documentation throughout the resolution process
Stay informed on market trends, economic changes, and regulatory updates impacting special asset management
Requirements
3+ years of experience in Special Assets, workouts, and credit analysis
In-depth knowledge of commercial and consumer lending, loan documentation, bankruptcy, foreclosure, and collection processes
Proven track record in managing and resolving complex credit relationships
Excellent negotiation, problem-solving, and relationship management skills
Strong analytical abilities with attention to detail and a high level of accuracy
Proficiency with loan management systems and Microsoft Office Suite
Bachelor's degree in Finance, Business, Accounting, or a related field or equivalent experience
Benefits
Remote work - infrequent travel required as needed
Competitive salary commensurate with experience
Comprehensive benefits package including medical, dental, vision, and 401(k)
Paid time off and bank holidays
Opportunities for professional development and advancement
Collaborative, community-centered work environment