Special Assets Officer

Position:
Special Assets Officer | Division:
Commercial Credit | Work Days:
Monday - Friday | Hours of Operation: 8:00am - 5:00pm

We are one of the largest independently owned banks in Texas with offerings in personal and private banking, wealth management, business banking and mortgage lending.

The Special Assets Officer is responsible for the strategic management, resolution, and disposition of the Bank’s most complex and high‑risk troubled assets, including non‑performing loans and foreclosed properties (OREO). Reporting directly to the Chief Credit Officer, this role serves as a subject matter expert in credit remediation, loan restructuring, and recovery strategies, with a focus on minimizing losses, reducing past dues and charge‑offs, and preserving asset value.

This role actively manages a diverse portfolio of distressed credits across Commercial, Commercial Real Estate (CRE), and Consumer portfolios, applying advanced credit analysis, legal insight, and negotiation strategies. The position partners closely with Legal, Credit, Enterprise Risk Management (ERM), Compliance, Audit, and external stakeholders to develop and execute comprehensive workout strategies, including restructures, settlements, and foreclosure actions.

• Manage and resolve a portfolio of complex and high‑risk troubled assets, ensuring timely identification, evaluation, and resolution strategies that minimize financial loss.
• Perform comprehensive financial and credit analysis of distressed loans, including borrower cash flow, collateral valuation, guarantor strength, and market conditions.
• Develop and execute customized workout strategies, including restructures, forbearance agreements, settlements, note sales, or liquidation strategies.
• Negotiate directly with borrowers, guarantors, and legal counsel to secure favorable repayment terms and recovery outcomes.
• Monitor compliance with workout agreements, ensuring adherence to restructured terms and proactively addressing covenant breaches or performance deterioration.
• Lead and coordinate foreclosure actions, bankruptcy proceedings, and other legal remedies in partnership with internal and external counsel.
• Attend legal proceedings, hearings, and mediations, providing strategic input and representing the Bank’s interests in complex credit matters.
• Oversee the management and disposition of Other Real Estate Owned (OREO), including valuation analysis, marketing strategy, broker selection, and sales execution.
• Prepare detailed financial analysis and reporting packages for OREO assets to support disposition strategies and risk assessment.
• Coordinate with third‑party vendors including appraisers, brokers, title companies, tax authorities, and insurance providers to support asset resolution efforts.
• Collaborate with Credit Administration, ERM, Compliance, and Audit teams to ensure alignment with internal policies, regulatory requirements, and risk management practices.
• Identify early warning signs of credit deterioration and recommend proactive strategies to mitigate potential losses.
• Support and contribute to Special Assets Committee discussions, providing insight, recommendations, and guidance on complex or escalated credits.
• Advise lending officers and business line leaders on problem loan identification, risk mitigation strategies, and restructuring options.
• Conduct borrower meetings to assess financial condition, negotiate repayment strategies, and evaluate collateral or guarantor support.
• Maintain current knowledge of market conditions, economic trends, and industry developments that may impact asset recovery and credit quality.
• Ensure compliance with all applicable local, state, and federal banking regulations, including those related to collections, foreclosure, and bankruptcy.
• Promote continuous process improvement by identifying inefficiencies and recommending enhancements to special assets workflows and procedures.
• Foster a collaborative, risk‑aware culture by partnering across lines of business and reinforcing sound credit practices.
• Provide leadership support, including mentoring junior staff, contributing to team development, and…