Special Asset Group Sr. Manager; Hybrid

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Full Time Cust/Client Support Chicago, IL, US

13 days ago Requisition

Salary Range: $ To $ Annually

Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:

BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.7 billion in assets and operates 45 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top U.S. Small Business Administration (SBA) lenders according to the national SBA rankings by volume FY2024.

Byline Bank is a member of FDIC and an Equal Housing Lender.

At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:

• Best Companies to Work for in the Midwest, Finance & Overallin , .
• Chicago Sun Times Chicago’s Best Workplaces 2024
• Best Workplaces in Illinois in 2024
  by Best Companies Group and Illinois SHRM (Society for Human Resource Management)
• Forbes America’s Best Small Employers 2023

By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.

The Special Asset Group (SAG) Sr. Manager is responsible for the oversight of resolving distressed loans in order to minimize losses to the Bank.

• Oversees and resolves a portfolio of distressed loans.
• Designs and implements customized approaches for each loan relationship to maximize recoveries and minimize losses.
• Responds timely, creatively, and effectively to changing and challenging dynamics as situations unfold, including bankruptcies, litigation, and uncovering new information that may reshape original strategies.
• Communicates directly, and directs communications with: customers, including delivering difficult messages;
  Bank employees at all levels and within all departments of the organization; and third parties.
• Assesses collectability of indebtedness via collateral (including real estate, business assets, et. al.) and guarantees through site inspection and review of appraisals, evaluations, BPOs, field exams, tax returns, operating statements, personal financial statements, credit reports, and asset searches.
• Recommends appropriate outside counsel, at the appropriate time, for workouts and effectively manages outside counsel’s efforts on the Bank’s behalf.
• For real estate loans, ensures appropriate property level due diligence including assessing market, physical and environmental condition as well as liens and building code violations.
• Understands the Bank’s loan risk rating system; appropriately and timely recommends risk rating upgrades and downgrades as needed.
• Collaborates as part of a team with line officers on SAG “consults” and with others in the SAG and Credit Departments.
• Presents clear and concise credit approval requests (with credit analyst and junior officer assistance).
• Maintains well documented credit files (with credit analyst and administrative support).
• All other duties as assigned.

Note:

Nothing in this job description restrictsmanagement’s right to assign or reassign duties and responsibilities to this job at any time.

• Bachelor’s degree; major in economics, business, or related field.
• 10+ years of related financial services industry experience including origination and workout experience with C&I and commercial real estate loans ranging from $100,000 to more than $10 million.
• Think strategically with the ability to: identify, understand and define problems; evaluate alternatives; set priorities, and implement high quality solutions that support the…