Special Assets Officer

Summary

The Special Assets Officer is responsible for all aspects of administering a portfolio of troubled assets, including loans, Other Real Estate Owned and Other Assets.

Specific Job Functions

• Interface with clients in troubled loan situations in order to resolve the loan either by upgrade to satisfactory status or otherwise to liquidation.
• Manage loan portfolio in regulatory and bank policy compliance regarding appraisal requirements, financial statements, loan documentation, loan classification, etc.
• Communicate with and manage attorney relationships in the context of problem loan administration. This would include litigious situations including foreclosure, bankruptcy, countersuits, etc.
• Communicate complex loan approvals, denials or resolution plans to the borrower.
• Prepare and present loan packages to loan committee.
• Administer the portfolio with conscious regard to potential legal counterclaims.
• Formulate timely recommendations on proper loan classifications, chargeoffs and other credit administration issues.
• Prepare complete, thorough reports to management and bank examiners on the status of the portfolio and status of action plans relative to the portfolio.

Minimum Job Requirements

• Bachelor’s degree in business, finance or related field required. 
• Three (3) to five (5) years experience in a commercial banking setting required. 
• Prior experience in Government Guaranteed/SBA lending preferred. 
• Prior experience in commercial collections, especially commercial real estate, preferred. 
• Proficiency in Microsoft Office.
• Knowledge of commercial lending policies and procedures including state and federal regulations.
• Strong organizational and interpersonal communication skills.
• Excellent oral and written communication skills to effectively communicate with internal staff and bank examiners.
• Strong financial and analytical skills.

 Equal Opportunity Employer/Veterans/Disabled