SBA Special Assets Officer II

This position is expected to be fully on-site five days a week for candidates within 40 miles of the First Internet Bank HQ in Fishers, Indiana.

About the Position:

As the Small Business Administration (SBA) Special Assets Officer II, you will assist with the ongoing handling, monitoring, and resolution of delinquent, non-performing, or otherwise adversely classified SBA loans within the First Internet Bank portfolio. Your goal will be to identify, analyze, and recommend the most cost-efficient method to mitigate risks to the bank. Credits assigned your position will generally be of a more complex nature, and with balances of $2.5MM or more.

You will also assist with maintaining any reporting requirements for both the weekly, monthly, and quarterly submission periods.

What You Will Do:

Interact with numerous internal partners and external vendors (attorneys, appraisers, brokers, agents, title companies, closing agents, and any other 3rd party firms) to protect and advance the interest of the bank Coordinate with Portfolio Managers on long term strategy for credits in distress prior to transfer to the Special Assets Department Assist in the collection of payment, modification of loan structures, and other workout related activities for loans managed by the Special Assets Department Responsible for collecting and analyzing financial reports to determine a deeper understanding of credit risk associated with assigned credits, and recommend action plans for resolving the same

Aid with ensuring the most cost-effective approach to liquidation and recovery by working extensively with outside counsel, auctioneers, appraisers, landlords, and other third parties

Perform portfolio-wide audits/internal reviews in order to proactively uncover potential risks

Verify accuracy of charge-offs and risk ratings for compliance with regulations

Prepare Purchase Demand Kit(s), CPC Expense Requests, Litigation plans, Wrap Up reports, and other documentation packages as required for submission to the SBAPrepare internal bank reports related to delinquency and work-out Maintain proper administration of the Special Assets module within the PCFS Loan Manager and/or nCinoWork directly with the SBA and bank counsel to handle any issues related to the protection and honoring of the guaranty

Analyze and identify impairments/write downs, as well as required adjustments to risk ratings to maintain compliance with internal and external regulations

Assist with preparation of internal reports related to delinquency, work-out, resolutions, and recoveries of adversely rated credits

Assist with workout of non-SBA loans as needed

Perform other duties as assigned

What We’re Looking For:

A minimum of five years of direct experience working with SBA in a Special Assets Role, or seven years of SBA Portfolio Manager direct experience, required

Proven knowledge of the SBA SOP's 50 57 and actions as outlined in the 7a Servicing and Liquidation Actions is required

Ability to manage volume and multi-task across multiple loans at any given time Knowledge and skill set in MS Office (Word, Excel, etc.), Skype, and Zoom. Experience in Loan platform systems of E-Tran, nCino and PCFS is also preferred

Working Conditions/Demands:

Professional office setting.

Primarily sedentary position requiring long periods of time working at a computer.

Must be able to move throughout the office and buildings to obtain or relay information.

Must be able to perform the essential functions of the position with or without reasonable accommodation.

Who Are We?

We’re not just another bank and we’re not looking for just another employee. Since 1999, First Internet Bank has been dedicated to finding a better way to bank and doing things that have never been done before. Yes, we really were the first state-charted, FDIC insured bank to operate entirely online and we have been leading the way ever since.

We seek the game changers, the innovators…those who challenge the status quo because change really is the only constant. Ready to join a team of imaginative, driven individuals like you? It’s your career, you deserve to imagine more. Keep reading, we think you will like you what see.

Why…