Special Assets Officer

Special Assets Officer – To $155K – Schaumburg, IL – Job #

Our client is seeking to fill a Special Assets Officer role in the Schaumburg, IL area. The position is responsible for overseeing portfolios that are distressed, delinquent, or high-risk commercial loans, developing strategies to maximize recovery and minimize losses.

This position comes with a generous salary of up to $155K and a full benefits package. This is not a remote position.

• Develop and implement a workout plan to rehabilitate loans or facilitate orderly exits.
• Prepare Credit Reviews to assess asset quality, including performance against original underwriting expectations.
• Work with legal counsel on bankruptcies, foreclosure actions, and debt restructurings.
• Experience writing policies and procedures for collateral monitoring, workouts, and periodic loan reviews.
• Report on the assigned portfolio, including asset quality, stress testing, industry and market analysis, asset allocation, reserves, and non-performing loan analysis.
• Draft memos for any substantial changes in a borrower’s financial stability or ownership structure.

• 7+ years in commercial banking, credit analysis, or special assets/loan workout.
• Deep experience with financial analysis.
• College degree preferred.
• Working knowledge of commercial lending, e.g. commercial real estate, construction and C&I products.