Special Assets Manager

Agency:
Governor's Office of Economic Development

This is a Full‑Time 40 Hours Weekly position with the Governor's Office of Economic Development. For more information on the Governor's Office of Economic Development, please visit  .

Do you want to be a part of South Dakota's economic success? You can join GOED's renowned Finance Team as a Special Assets Manager today! The Special Assets Manager serves as the primary analyst and point of contract for managing, monitoring, restructuring, and recovering high‑risk, non‑performing, or adversely graded loans for GOED's loan programs. Working closely with colleagues, applicants, and lenders around the state, you will be on the leading edge of South Dakota's economic development efforts.

This position evaluates the substantive merits of the loans in the portfolios to analyze distressed assets while negotiating with borrowers to develop exit strategies and to ensure compliance. The Special Assets Manager provides recommendations for action on the basis of the project's merits to include; impact to South Dakota's local, regional, and state economy; creditworthiness; need; risks; collateral; and loan structure.

The Special Assets Manager is responsible for overseeing and communicating the agency's credit risk across the loan portfolios to ensure adherence to credit policies and internal controls. Additionally, the Special Assets Manager takes the lead in evaluating complex credits, and will present findings and recommendations in both written and oral form to a variety of levels of approval.

The Special Assets Manager at GOED will work with financial spreading software to enter and analyze financial data for business applicants and for existing borrowers. The Special Projects Manager will work closely as the strategic credit leader with the Regional Team Loan officers to maintain and monitor existing credits in the portfolios, while working with the partnering lenders on structures, analysis, funding, closing, and servicing closed loans.

The position must interpret and apply State and Federal rules and regulations to ensure the selected loan program meets the needs of the project. In addition to loan officer duties, this position may assist with other duties at GOED that are commensurate with organizational needs, requirements, and which contribute to the success of GOED and the State of South Dakota.

Occasional overnight travel required.

A bachelor's degree (Master's or MBA preferred) in business, finance, economics, or a related field combined with 4-5+ years of practical credit analysis experience in commercial lending, credit risk management, or economic development financing is preferred. Applicants with demonstrated expertise in complex credit structuring, loan workouts, and portfolio management are encouraged to apply. Applicants must have excellent written and oral communication skills.

Developed knowledge of:

• lending and finance principles;
• internal control processes and policies;
• business credit analysis; and,
• data storage and organizational tactics.

• distinguish between high and low priority items;
• make decisions under pressure and time constraints;
• communicate with applicants, borrowers, other lenders; and economic development partners to negotiate collaborative outcomes; and,
• integrate disparate information into clear, concise recommendations for GOED management and oversight boards.

• comprehend and apply pertinent laws, rules and policies;
• communicate information clearly and concisely;
• work well as a team and individually.

This position is exempt from the Civil Service Act.

Successful applicant(s) will be required to undergo a background investigation. An arrest/conviction record will not necessarily bar employment.

The State of South Dakota does not sponsor work visas for new or existing employees. All persons hired will be required to verify identity and eligibility to work in the United States and complete an Employment Eligibility Verification, Form I-9. The State of South Dakota as an employer will be using E-Verify to complete employment eligibility verification upon hire.

The State of South Dakota offers $0 premium employee health insurance option plus eleven paid holidays, generous vacation and sick leave accrual, dental, vision, and other insurance options, and retirement benefits. You can view our benefits information here . This position is a member of Class A retirement under SDRS.

To be considered, please attach your resume.

Must apply online: (Use the "Apply for this Job" box below).-stateofsout

You must apply online, emailed resumes or submissions will not be accepted.

South Dakota Bureau of Human Resources

Telephone:  Email: careers.us