Special Assets Officer

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Full Time Dallas, TX, US

2 days ago Requisition

The Special Assets Officer is responsible for the management, restructuring, and resolution of criticized, classified, and nonperforming commercial loans, with an emphasis on community banking relationships, small-business credits, and SBA-guaranteed loans.

This is a hands-on position requiring extensive experience evaluating troubled borrowers, developing practical workout strategies, protecting collateral and guarantor positions, and maximizing recoveries while minimizing potential losses to the Bank.

The position will play an important role in the assessment and resolution of problem loans within existing and acquired portfolios, working closely with the Chief Credit Officer, lending teams, Credit Administration, and outside legal counsel.

• Independently manage a portfolio of criticized, classified, and nonperforming commercial loans, including C&I, small-business, SBA-guaranteed, and commercial real estate credits.
• Evaluate troubled borrower relationships and develop, recommend, and execute workout strategies, including restructurings, renewals, forbearance agreements, settlements, collateral liquidation, foreclosure, and other recovery alternatives.
• Manage the servicing, collection, and liquidation of SBA 7(a) and other government-guaranteed loans, ensuring compliance with applicable SBA requirements and protection of the Bank's guaranty rights.
• Prepare and coordinate SBA guaranty purchase requests, liquidation plans, supporting documentation, and related reporting. Identify and address potential guaranty repair or denial exposure.
• Evaluate loan documentation, collateral positions, lien perfection, guarantor obligations, and other factors affecting repayment and recovery.
• Negotiate directly with borrowers, guarantors, attorneys, and other stakeholders to achieve timely and economically sound resolutions.
• Coordinate legal proceedings, including bankruptcy, foreclosure, receivership, litigation, and deficiency recovery, in conjunction with internal and external counsel.
• Review problem loans within acquired portfolios, identify documentation deficiencies and potential credit exposure, and recommend appropriate remediation and resolution strategies.
• Analyze borrower cash flow, collateral values, liquidation alternatives, and potential recovery scenarios to support credit decisions and loss mitigation.
• Monitor delinquency trends, criticized and classified assets, non-accrual loans, and other indicators of emerging credit deterioration.
• Recommend appropriate risk ratings, non-accrual treatment, charge-offs, and reserve considerations in coordination with Credit Administration and the Bank's established policies.
• Prepare clear and timely workout action plans, credit memoranda, recovery estimates, and management reports for the Chief Credit Officer and appropriate credit committees.
• Coordinate with relationship managers and portfolio managers to identify emerging problem credits and facilitate timely transitions to Special Assets when appropriate.
• Manage outside professionals, including legal counsel, appraisers, brokers, collateral specialists, and liquidation vendors, while monitoring resolution costs and recovery effectiveness.
• Participate in Special Assets Committee meetings and other credit discussions as appropriate.
• Ensure all workout and recovery activities comply with applicable banking regulations, SBA requirements, and Bank policies.
• Perform other duties as assigned.

• 10+ years of commercial banking or related credit experience, including significant direct experience managing troubled loans, special assets, and commercial loan workouts.
• Strong background in community or regional banking, with demonstrated experience handling small to middle-market commercial credit relationships.
• Direct, hands-on experience with SBA 7(a) loan servicing, liquidation, guaranty purchase procedures, and resolution of defaulted SBA loans strongly preferred.
• Demonstrated ability to independently manage problem loan relationships from initial assessment through final resolution.
• Strong knowledge of commercial loan documentation, collateral valuation, lien perfection, bankruptcy, foreclosure, collections, and legal recovery strategies.
• Experience with criticized and classified…