Managed Assets Officer

Overview

The Managed Assets Officer is responsible for managing workout loan relationships that exhibit unsatisfactory credit quality and pose elevated risk to the Bank. The role evaluates, restructures, and services distressed credits in accordance with Bank Policy and Procedures. This position works to mitigate exposure, strengthen documentation, and improve or exit problem credit relationships.

Responsibilities

* Review all loan documentation, credit history, and supporting information to evaluate the Bank's position, risk, and exposure.

* Identify documentation deficiencies and take corrective action to strengthen the Bank's legal standing and eliminate potential debtor defenses.

* Develop, document, and implement action plans to improve credit quality to a satisfactory status or execute an appropriate exit strategy.

* Service an assigned portfolio of problem loan accounts in accordance with Bank policy and FDIC loss share requirements.

* Meet with customers to discuss loan status, repayment options, and resolution strategies.

* Work past due accounts and negotiate repayment or restructuring solutions.

* Coordinate with internal and external legal counsel to move accounts through bankruptcy and foreclosure processes.

* Create, maintain, and update Continuous Action Plans (CAPs) and related credit and collection documentation.

* Prepare and deliver accurate, timely reports to management regarding account status, risks, and progress.

* Associates are expected to perform all additional duties as assigned.

Qualifications

* Bachelor's Degree - Preferably in finance, banking, business, or a related field or equivalent work experience

* 6 years of experience in Commercial Lending, Loan Workout, or related fields such as income‑producing property management, credit analysis, or collections

* Strong understanding of lending policies, procedures, and regulatory requirements

* Knowledge of collection processes and bankruptcy procedures

* Understanding of legal remedies and their ramifications

* Proficiency in financial analysis, credit criteria assessment, and collateral valuation

* Strong communication, interpersonal, and organizational skills

* Advanced problem solving, decision making, and negotiation skills

* Advanced ability to conduct difficult conversations with customers while maintaining a good rapport.

Physical Requirements /

Working Conditions:

Must be able to sit for long periods of time and use computer keyboard and/or mouse requiring hand and wrist manipulation, while viewing computer screens.

Disclaimer: Management retains the right to add, delete or modify the responsibilities and qualifications of the position at any time.

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