Special Assets Senior Officer

SUMMARY

The Special Assets Senior Officer manages an assigned portfolio of problem assets focusing on the restructuring, rehabilitation, prompt collection, and liquidation of assets. This position will be responsible for managing the most complex credit relationships within the Special Asset Group (SAG) and may have direct supervisory responsibilities of other employees.

• Manages, rehabilitates, and/or dispositions all assigned assets.
• Establishes workout strategies and goals for assigned credits.
• Prepares comprehensive quarterly Problem Loan Reports.
• Negotiates with borrowers regarding restructuring, collection, and enforcement activities.
• Works with inside and outside legal counsel and third parties in resolving problems.
• Assigns risk ratings, potential loss exposure, and accrual statuses on managed portfolio.
• Communicates with assigned clients and documents the credit file.
• Approves credit requests and charge-offs within the assigned lending limit.
• Maintains compliance with all state and federal banking laws and regulations and internal lending policies and procedures.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Ability to read, analyze, and interpret the most complex documents.
• Ability to respond effectively to the most sensitive inquiries or complaints.
• Ability to effectively communicate both orally and in writing with a diverse audience.
• Excellent negotiation skills along with strong technical writing.
• Advanced financial, credit, and collateral analysis skills.
• Well versed on foreclosure processes and bankruptcy laws.
• Ability to independently analyze and resolve problems involving complex credit relationships.
• Capable of establishing effective recovery plans which limit loss exposure.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
• Ability to deal with complex problems, protect the Bank's interests, and resolve problem credit relationships within a reasonable timeframe.
• Proven ability to work independently.

• Bachelor's Degree in Accounting, Finance, or related field required.
• 10+ years related experience, training, and/or equivalent combination of education and experience required.
• Special Asset experience preferred.

The physical demands and work environment are representative of those that must be met or encountered to successfully perform the essential functions of the job. In compliance with the Americans with Disabilities Act, the company provides reasonable accommodation to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.

• Dexterity of hands/fingers to operate computer keyboard and mouse – Frequently.
• Sitting – Frequently.
• Standing – Occasionally.
• Noise Level – Moderate.
• Typical Work hours – M-F (8-5).
• Regular and Predictable Attendance – Required.
• Travel to borrower’s place of business and/or construction sites – 10%.

We offer a competitive total compensation package including base salary and benefits. The anticipated pay range for this position is $127,490 to $210,430 per year (in CO & WA) and depends on a variety of non-discriminatory factors including, but not limited to, job‑related knowledge, skills, and experience, education, and geographic location. Additionally, this role is eligible to receive annual discretionary cash and stock bonuses.

Benefits available for this position include, but are not limited to, medical, dental, vision, short‑term and long‑term disability benefits and life insurance, flexible spending accounts, health savings account, employee assistance program, 401(k), Paid Time Off (new hires accrue at .069 per hour worked which equates to approximately 18 days per year including paid sick time) and up to 11 paid Federal holidays.

Please note this information is provided for those hired in Colorado and Washington only, and this role is open to candidates outside of Colorado and Washington with compensation that aligns with your location. For more information regarding our benefits, please visit