Special Assets Officer

The Special Assets Officer is primarily responsible for assisting in managing a portfolio of distressed commercial and residential loans and recommend appropriate workout action plans. In addition, responsibilities include assisting the Credit Administration Manager with managing third-party audits as well as monitoring the overall credit quality of the portfolio.

• Assist in the management of a portfolio of criticized loan relationships consisting of multiple loan types and complexity mitigating GRB’s risk.
• Review and analyze loan documentation, financial statements to assess risk and the adequacy of repayment sources for recovery.
• Develop, recommend and implement workout/liquidation strategies for problem loans including past due, and sub performing to mitigate risk and maximize recovery.
• Detect early warning signs, loan inherent deficiencies, and communicate problem assets to the Credit Administration Manager.
• Assist in the management of delinquent consumer loans.
• Manage daily loan delinquency reports.
• Loan monitoring for expiration dates, risk rating changes, and maturing loans.
• Maintain constructive interaction with clients, and lines of business.
• Assist Credit Administration Manager in preparing the materials for Asset-Liability Committee (ALCO) and Classified Loan Action Plan (CLAP) meetings.
• Assist Credit Administration Manager with quarterly reporting and ad-hoc reporting as needed.

• Lead ad-hoc projects and other duties assigned by the Credit Administration Manager.
• Active participation and demonstrating skills and abilities in the GRB Experience.
• Keep up to date on Bank Policies, Laws and Regulations that govern commercial lending.

Bachelor’s degree in business-related discipline (MBA highly preferred) plus a minimum of 3 years’ commercial banking experience in underwriting, credit analysis, loan review and/or loan workout.

• Demonstrated experience in commercial and residential loan workouts.
• Demonstrated ability to conduct financial statement analysis.
• Demonstrated ability to meet multiple deadlines and manage a variety of projects with deliverables.

• Provide a remarkable client experience.
• Lead by example. Identify current or potential problems, take ownership and see them through to resolution.
• Act as a unified team. Possess strong interpersonal skills including the ability to proactively communicate with and help others, within and across departments.
• Ability to work independently. Seek and incorporate feedback on your performance from management, coworkers and clients.
• Demonstrated PC literacy.
• Ability to be a self-starter, and work independently to achieve goals
• Excellent problem-solving and analytical ability.
• Represent bank in professional and friendly manner.
• Ability to handle confidential information with tact and discretion.

The work environment is an indoor, climate-controlled office setting. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential job functions.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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