Special Assets Officer

• Manage and monitor a portfolio of complex commercial loans
• Develop collection strategies and action plans for problematic loans
• Prepare detailed analyses and recommendations for collection and action plans
• Negotiate with borrowers, attorneys, and companies to review and restructure credit and repayment terms
• Implement recovery plans that minimize risk and loss to the bank
• Provide timely and accurate reporting to the Special Assets Manager
• Interact with commercial bank customers experiencing financial distress with tact and persuasiveness
• Interact with lawyers and other outside professionals to set and pursue the Bank’s agenda
• Minimize out-of-pocket legal and non-legal expenses from debtors whenever possible
• Maximize loan recoveries and fee income
• Ensure BSA compliance

• Bachelor’s degree in Accounting or Finance or equivalent experience
• Formal credit training
• 3+ years of direct special assets experience
• Strong oral and written communication skills
• Knowledge of commercial, real estate, and consumer lending, particularly credit structure and loan policy
• Knowledge of complex credits and collateral valuation/liquidation
• Knowledge of regulatory agencies, third-party loan review, and internal/external auditors
• Knowledge of legal/regulatory requirements pertaining to banking and collections
• Knowledge of regulatory guidelines regarding appraisal/re-appraisal and policies affecting classified/criticized assets
• Strong negotiation skills
• Ability to analyze credit and develop and negotiate repayment terms with companies and high net worth individuals
• Ability to work independently and prioritize daily workflow
• Ability to analyze and solve problems without precedents
• Ability to maintain visual attention and mental concentration for extended periods
• Ability to perform duties and make decisions under frequent time pressures
• Current NMLS registration if lending
• Knowledge of Microsoft Office

Demonstrates expertise in managing complex commercial loans, developing effective collection strategies, and negotiating repayment terms with borrowers. Proficient in analyzing credit structures and ensuring compliance with regulatory requirements.

• Commercial Loan Management
• Collection Strategy Development
• Negotiation Skills
• Credit Analysis
• BSA Compliance

• Credit Training
• Complex Credit Knowledge
• Collateral Valuation
• Regulatory Knowledge
• Loan Policy Understanding
• Financial Analysis
• Problem Solving
• Decision Making
• Time Management
• Reporting

• Strong Communication Skills
• Persuasiveness
• Independence
• Attention to Detail
• Ability to Work Under Pressure

• NMLS Registration

• Commercial Lending
• Real Estate Lending
• Consumer Lending
• Regulatory Agencies
• Third-Party Loan Review
• Internal Auditors
• External Auditors
• Appraisal Guidelines
• Classified Assets
• Criticized Assets

• Microsoft Office