Commercial Banking - Special Assets Officer

Commercial Banking - Special Assets Officer

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Description Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. This job description reflects management’s assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned.

Summary:
Under general supervision, the Special Assets Officer is responsible for managing a portfolio of adverse risk rated consumer, commercial, real estate, SBA, and participated loans. This individual is a fully experienced, qualified workout professional capable of independently managing large dollar and/or complex lending relationships. Will works in a team environment developing and recommending strategies to maximize recovery and eliminate or minimize losses from own portfolio of credits.

Works closely with borrowers, executives, attorneys and small and mid-sized company groups to manage proactively, restructure with intentionality the repayment and collateral terms appropriate for the loan.

• Perform assigned duties in accordance with the Bank’s Mission, Vision and Core Values; provide the Bank’s customers and employees with timely, responsive and exceptional service in accordance with the Bank’s customer service standards and internal service level agreements.
• Manage a portfolio of Criticized or Classified Assets, Repossessed Assets and Other Real Estate Owned within established bank policies and procedures to minimize losses and maximize recoveries on loans, repossessed assets and Other Real Estate Owned through effective development and implementation of workout and liquidation strategies.
• Identify and develop strategies to maximize recovery and minimize losses through collection activities, negotiating, execution of workout action plans (including proposed loan restructures), managing negotiations and legal actions, evaluating bank collateral and documentation, and recommending alternative solutions such as judgment/foreclosure litigation, asset liquidation and bankruptcy with approvals within established time frames.
• Create, manage, and implement asset disposition for more complex transactions including C&I collateral, A&D, bulk lots, land development properties, and note sales.
• Create and prepare reports pertaining to portfolio status, action plans, performance tracking, forecasting losses, charge-off recommendations, impairment analyses, accrual/non-accrual recommendations, and other relevant reports; collaborate with other departments as needed.
• Maintain third party client contact records.
• Perform other duties as assigned.

• Bachelor's Degree in Business/Finance or related field and/or equivalent experience.
• 7.5 years’ experience in special assets in C&I, Real Estate, or SBA.
• 7.5 years’ commercial credit experience analyzing corporate financial statements, cash flows, appraisals, and structure including restructures of C&I, Real Estate and SBA loans.
• Demonstrated ability to analyze credit and to develop and negotiate repayment terms with small and mid-sized companies and high-net-worth individuals.
• 7.5 years’ experience with financial analysis, bankruptcy, workout, UCC, litigation, foreclosure of personal and real property, and disposition of collateral.
• 7.5 years’ experience with loan restructuring and renegotiation of interest rates, terms, collateral requirements, documentation and loan agreements.
• 7.5 years’ experience in working through adversarial litigation scenarios.
• Constructive interaction with clients, work colleagues, and bank regulators.
• Advanced knowledge of loan impairment analysis and updating ALLL information.
• Ability to train and present to small and mid-size audiences.
• Excellent interpersonal, verbal and written communication, negotiation, analytical, and organizational skills to interact effectively with all levels of Bank personnel and customers due to the complex nature of special assets management.
• Ability to work in a team oriented, goal driven environment.
• Ability to meet tight deadlines, problem solve, set and achieve priorities and goals.
• Knowledge of internal…