Special Assets Officers (w/transition into Commercial Lending/Relationship Manager role in the future)
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|Status:||Inactive / Filled|
|Title:||Special Assets Officers (w/transition into Commercial Lending/Relationship Manager role in the future)|
|Base Compensation:||$75,000 — $120,000|
|Total Compensation:||$100,000 — $155,000|
|Employment Type:||Full Time / Direct Hire|
|Job Categories:||Commercial Lending; Commercial Lending - Real Estate; Credit|
WHY IS THIS A GREAT OPPORTUNITY?
Bank client has the option and desire of transitioning this Special Assets Officer into a front line Commercial Lending/Relationship Manager in the near future. Instead of working yourself out of a job you work yourself in a secure income generating role for the bank.
JOB DESCRIPTION(Please note: Candidates with partial or imcomplete profiles will not be reviewed.)The Special Assets Officer is responsible for managing and monitoring a portfolio of complex commercial loans. Responsibilities include developing collection strategies, action plans, negotiating and implementing plans to maximize the bank’s recovery. • Develop collection strategies and action plans for problematic loans • Prepare detailed analysis and provide recommendations of the collection and actions plans • Negotiate with borrowers, attorneys and companies to review and re-structure credit and repayment terms • Implement recovery plans that minimize risk and loss to the bank • Interacts with the spectrum of commercial bank customers experiencing financial distress, displaying tact and persuasiveness • Interacts frequently with lawyers and other outside professionals, both those retained by the Bank and those representing our debtors, setting and pursuing the Bank’s agenda • Seeks to minimize out-of-pocket legal and non-legal expenses related to loan remediation by focusing on cost benefit, recovering expenses from debtors whenever possible; maximizes loan recoveries and fee income
• Candidates will preferably have previous special assets experience and formal credit training whenever possible. • Demonstrated sound background in all aspects of commercial and real estate lending; particularly credit structure and loan policy • Possess and exhibit the ability to analyze credit and develop and negotiate repayment terms with companies and high net worth individuals • Experience with complex credits and strong knowledge of collateral valuation/liquidation • Experience with regulatory agencies, third party loan review, and internal/external auditors • Demonstrated knowledge of legal/regulatory requirements pertaining to banking and collections • Experience with regulatory guidelines regarding appraisal/re-appraisals, and all other regulatory policies affecting classified/criticized assets • Demonstrated negotiation skills • Strong analytical skills
Total Years of Experience: