Credit Administration - Special Assets Officer II

Job Summary: This is a senior Special Assets Officer role, responsible for managing a diverse portfolio of criticized and classified loans as well as non-strategic and exit strategy relationships.  The assigned portfolio will range in size and complexity, requiring the ability to manage large, complex situations on a nation-wide level.  Loan types may include C&I, CRE, USDA, SBA, all to be managed in compliance with all applicable state and federal laws, rules and regulations and Bank lending policies and procedures. This position manages the full customer relationship and is responsible for finding the optimal solution to the workout situation while minimizing negative impact to the bank. This senior level Special Assets Officer may also manage ORE, covering a broad variety of property types in various markets.  As a senior member of the Special Assets team, this Special Assets Officer may work closely with the Bank’s USDA Lending subsidiary in an advisory capacity on criticized and classified USDA loans across its geographically diverse portfolio, in compliance with USDA servicing standards.    Special Assets Officers consult with the Bank’s Senior Credit Officers and the Director of Special Assets on problem loans and arrive at the best possible scenarios to resolve these loans. They process large amounts of financial and loan information to determine the status of loans after the transfer to the Special Assets Department to ensure proper risk rating. Special Assets Officers also write detailed reports and convey their progress to a broad audience inside the Bank including Executive Management when appropriate.  Special Assets Officers may be asked to prepare resolution forecasts or impairment analysis.  In all tasks, Special Assets Officers must follow financial and privacy procedures. They are also responsible for communicating with borrowers using a variety of platforms to identify issues with special assets defaults, as well as setting up an arrangement for payment.   Responsibilities and Duties: Manage a portfolio of large and complex loans to maximize recoveries while minimizing risk/liability associated with the loans through rehabilitation, exit or liquidation. Effectively interpret complex loan documents. Work collaboratively with other banks on syndicated and participated credits. Manage legal processes including receivership, bankruptcy and foreclosure. Manage and dispose of ORE and other collateral acquired, engaging third-party property managers, brokers and consultants, where needed. Develop and recommend alternative strategies for collection of problem loans. Implement appropriate action plans including negotiating workouts, forbearance agreements, restructures, settlements or pursuing litigation to ensure minimal risk to the bank and maximized recovery of debts owed while protecting the Bank’s reputation. Attend business meetings with borrowers, borrowers’ attorneys, bank counsel, etc., in addition to internal meetings. Collect and update loan and borrower information. Monitor past-due activity and prepare/present credit analyses as needed. Calculate and recommend impairment reserves and charge-offs. Identify covenant defaults and work with borrowers to resolve those defaults.  It is the responsibility of the Special Assets Officer to monitor future reporting to identify possible future financial deterioration of the borrower. Prepare problem loan reports for quarterly meetings.   Job Skills and Qualifications: Knowledge of commercial collection laws and regulations, bankruptcy laws, awareness of potential lender liability issues, general understanding of foreclosure regulations, real estate finance and accounting. Possess a working knowledge of commercial lending guidelines, loan servicing, loan accounting and loan documentation. Strong analytical and critical thinking skills with a history of making data-driven decisions. An initiative-taker with a strong attention to detail and good organizational skills. A critical thinker that can work independently or as a team. Ability to be resourceful and accountable for follow through on multiple projects simultaneously. Experience/Certifications: A bachelor's degree in accounting, finance, or economics 6 years’ experience in Special Assets or 10-15 years of relevant commercial banking experience Proficient with basic office software