Special Assets Officer

• Manage troubled, commercial banking relationships and/or adversely graded commercial loans that have been assigned to the Senior Special Credits Officer.
• Obtain, as able, and review financial information and collateral valuations to assess current financial condition and repayments sources to formulate a recommended action plan.
• Analyze and negotiate modification and/or forbearance terms, as appropriate.
• Provide recommendations for appropriate action plans for assigned relationships.
• Mitigate losses through active engagement and administration of approved action plans which may include modifications or forbearances, foreclosure, receivership action, deeds in lieu of foreclosure, short sales, and disposition of collateral or other legal action to recover monies due;
• Monitor and provide reporting and recommendations for risk rating changes and impairments to management as to the current status and action plan for relationships managed;
• Monitor collateral conditions through inspections as needed;
• Review loan documentation to identify any errors and/or deficiencies.
• Communicate directly with borrowers, Bank employees and others in a professional and courteous manner;
• Work closely with attorneys, and manage their actions in foreclosure, litigation, and other legal and collection activity;
• Follows the Bank’s Information Security policies, ensuring that the processing and handling of client and confidential bank information is done in a secure manner and environment;
• Avoid all real or perceived conflicts of interest and always maintain client privacy and confidentiality.
• Complete and pass all assigned eLearning courses and certifications as required.
• Adhere to and ensure staff adherence to bank policies and procedures designed to comply with Federal regulations, including but not limited to the Bank Secrecy Act, USA Patriot Act and OFAC regulations.
• To that end, ensure timely and accurate preparation of Currency Transaction Reports, Suspicious Activity Reports and other recordkeeping requirements.
• Complete special projects as assigned.
• Completes any other job-related duties as assigned by manager or supervisor.

• Strong experience with loan documentation, closing documentation, title reports, appraisals and supporting underwriting criteria.
• Experience in management of complex CRE and C&I relationships.
• Knowledge and experience with bankruptcy and foreclosure laws and processes.
• Experience in managing and disposing of business and income property assets.
• Excellent analytical and organizational skills and be able to work independently and as a team with little supervision.
• Strong working knowledge and competency in analyzing financial statements and cash flow.
• Demonstrated professional business communication and people skills, plus the ability to work successfully with all layers of an organization.
• Strong organizational skills and the ability to make decisions, work independently, and handle multiple priorities.
• Must have a thorough working knowledge of Microsoft Office and data management.
• Minimum of five years’ experience in commercial banking and problem loan administration.

Demonstrates expertise in managing troubled commercial banking relationships, analyzing financial statements, and formulating action plans to mitigate losses. Proficient in loan documentation, bankruptcy and foreclosure laws, and compliance with federal regulations.

• Loan Documentation Management
• Financial Statement Analysis
• Bankruptcy And Foreclosure Knowledge
• Commercial Banking Experience
• Risk Assessment And Mitigation

• Loan Documentation
• Financial Analysis
• Collateral Valuation
• Forbearance Negotiation
• Risk Rating Assessment
• Legal Compliance
• Asset Disposition
• Problem Loan Administration
• Cash Flow Analysis
• CRE And C&I Relationship Management

• Analytical Skills
• Organizational Skills
• Professional Communication
• Decision-Making
• Team Collaboration

• ELearning Course Completion

• Commercial Banking
• Bank Secrecy Act
• USA Patriot Act
• OFAC Regulations
• Currency Transaction Reports
• Suspicious Activity Reports

• Microsoft Office
• Data Management Systems