Special Assets Manager

Overview

Job
Agency:
Governor's Office of Economic Development

Location:

Pierre or Sioux Falls, SD
Salary: $72,683.28-$78,000 Annual Salary, depending on qualifications
Pay Grade: L
Closing Date: 3/18/26

This is a Full-Time 40 Hours Weekly position with the Governor's Office of Economic Development. For more information on the Governor's Office of Economic Development, please visit the GOED website.

The Special Assets Manager serves as the primary analyst and point of contact for managing, monitoring, restructuring, and recovering high-risk, non-performing, or adversely graded loans for GOED's loan programs. The role involves working with colleagues, applicants, and lenders around the state to be on the leading edge of South Dakota's economic development efforts.

• Evaluate the substantive merits of loans in the portfolios to analyze distressed assets.
• Negotiate with borrowers to develop exit strategies and ensure compliance.
• Provide recommendations for action based on project merits, including impact on local, regional, and state economy; creditworthiness; need; risks; collateral; and loan structure.
• Oversee and communicate the agency's credit risk across loan portfolios to ensure adherence to credit policies and internal controls.
• Lead in evaluating complex credits and present findings and recommendations in written and oral form to various levels of approval.
• Work with financial spreading software to enter and analyze financial data for business applicants and existing borrowers.
• Collaborate with Regional Team Loan officers to monitor existing credits and work with partnering lenders on structures, analysis, funding, closing, and servicing closed loans.
• Interpret and apply State and Federal rules and regulations to ensure loan programs meet project needs.
• As needed, assist with other GOED duties commensurate with organizational needs and GOED goals.
• Occasional overnight travel may be required.

The Ideal Candidate Will Have: A bachelor's degree (Master's or MBA preferred) in business, finance, economics, or a related field along with 4-5+ years of practical credit analysis experience in commercial lending, credit risk management, or economic development financing. Applicants with demonstrated expertise in complex credit structuring, loan workouts, and portfolio management are encouraged to apply. Excellent written and oral communication skills are required.

Knowledge: Developed knowledge of lending and finance principles; internal control processes and policies; business credit analysis; and data storage and organizational tactics.

Skills: Distinguish between high and low priority items; make decisions under pressure and time constraints; communicate with applicants, borrowers, other lenders, and economic development partners to negotiate collaborative outcomes; integrate disparate information into clear, concise recommendations for GOED management and oversight boards.

Abilities: Comprehend and apply pertinent laws, rules, and policies; communicate information clearly and concisely; facilitate decision making; work well as a team and individually.

To be considered, please attach your resume.

This position is exempt from the Civil Service Act. Successful applicants will be required to undergo a background investigation. An arrest/conviction record will not necessarily bar employment.

The State of South Dakota does not sponsor work visas for new or existing employees. All persons hired will be required to verify identity and eligibility to work in the United States and complete an Employment Eligibility Verification, Form I-9. The State of South Dakota as an employer will be using E-Verify to complete employment eligibility verification upon hire.

The State of South Dakota offers a zero-premium employee health insurance option, eleven paid holidays, generous vacation and sick leave accrual, dental, vision, and other insurance options, and retirement benefits. You can view our benefits information here. This position is a member of Class A retirement under SDRS.

Must apply online: external application portal. You must apply online; emailed resumes or submissions will not be accepted.

South Dakota Bureau of Human Resources
Telephone:
Email: careers.us
Website: bhr.sd.gov/workforus

'An Equal Opportunity Employer'

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