Special Assets Coordinator

Position

Special Assets Coordinator

St. Charles, MO

4629

$20.43 - $30.72 per hour

At First Mid, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of discretionary short‑term incentives (i.e. bonus, incentives, and/or commission). Benefits for this role include comprehensive healthcare, well‑being benefits, paid family leave, generous paid time off and other benefits such as banking perks, tuition reimbursement, an Employee Stock Purchase Plan, and a 401(k) plan with company match.

• Coordinate legal and recovery‑related activities for distressed assets, including demand letters, rights‑to‑cure notices, payoff statements, bankruptcy administration, repossessions, foreclosure support, and related documentation.
• Execute accurate and timely core system maintenance for substandard credits including move to OREO, repossession, accrual status, risk rating changes, officer reassignment, bankruptcy, charge offs, foreclosures and BHG post‑charge‑off disbursements and recoveries.
• Coordinate shared Special Assets and bankruptcy email inbox communications and workflow management.
• Administer OREO portfolio operations, including utilities, insurance, tax payments, vendor management, property maintenance, and insurance reporting reconciliation.
• Intake of all Special Assets mail received in branches, maintain UPS labeling system and Pitney Bowes stamp system.
• Coordinate Special Assets Committee activities, including downgrade tracking, attendance records, and meeting minutes.
• Create, update, and maintain Special Assets procedures and documentation.
• Process invoices for contractors, attorneys, and other third‑party asset management vendors.
• Prepare and maintain assigned monthly and quarterly reports.
• Maintain electronic files through timely scanning and indexing in compliance with applicable guidelines.
• Review transactions and reports to ensure accuracy and completeness.
• Assist with audits by organizing and providing requested documentation.
• Identify opportunities to improve workflows, reporting processes, documentation standards, and operational efficiencies within the Special Assets function.
• Perform required job specific training and other duties as assigned.

Education/

Experience:

• High school education or equivalent required. Associate’s degree preferred or specialized education/training normally acquired through two plus years of experience.
• 3+ years banking or equivalent experience preferred.

Skills:

• Demonstrated proficiency in banking systems, loan origination software, reporting tools, document management systems, and AI‑enabled tools supporting special assets administration and workflow management. Handle confidential information accurately, timely, and with a high level of attention to detail.
• Manage a high‑volume workload consisting of multiple priorities and varying tasks.
• Maintain professional communication and strong interpersonal relationships with team members and internal and external customers.
• Develop and apply knowledge of internal policies, procedures, and state and federal regulations governing loan servicing compliance.

• Competitive health, dental & vision coverage with HSA match
• 401(k) with employer match + Employee Stock Purchase Plan
• Generous PTO, paid holidays & parental leave
• Tuition reimbursement & performance‑based bonuses
• Visit our Total Rewards page to see our full list of benefits

First Mid Bancshares, Inc., is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state‑protected classification.