AVP, Special Assets

U.S. Eagle Federal Credit Union; Albuquerque (NM); On-site; USD 120,000 - 160,000; Full time

Job summary

U.S. Eagle Federal Credit Union in Albuquerque, NM is seeking an AVP of Special Assets to lead the team responsible for managing problem credits to resolution.

The role emphasizes coaching, autonomy, and collaboration with lending teams and agencies to resolve complex workouts. Ideal candidate has eight to ten years of related experience, SBA 7(a) and USDA B&I knowledge, a bachelor’s degree or equivalent certifications, and strong interpersonal skills to influence and train others.

Qualifications

• Eight to ten years of related experience preferred.
• Experience with SBA 7a and USDA B&I loan programs.
• Bachelor’s degree or industry certifications equivalent to a degree.
• Strong interpersonal skills and ability to train and influence others.

Responsibilities

• Develop, negotiate, and implement loan restructuring proposals for complex and multi-tiered transactions.
• Write and review complex liquidation and litigation plans for governmental agencies.
• Ensure accuracy of loan loss analysis for Special Assets.
• Manages other third parties assisting with the special assets workout process.
• Prepare and present complex credit presentations for the loan committee, senior management, loan participants and agencies in making credit decisions.
• Develop and maintain relationships within US Eagle with lending team, credit analysts, accounting/finance, and external partners.
• Oversee third-party special asset agency relationships and loan servicing relationships.
• Responsible for managing, maintaining, and selling OREO property and related contracts.
• Manage income and expense for OREO properties; coordinate with title, escrow, and foreclosure firms.
• Assess risk in the Special Assets portfolio including risk ratings, accrual status, and TDR/TLM status.
• Analyze complex financial statements and tax returns.
• Perform other job-related duties as assigned.

Skills

Leadership & coaching

Communication

Negotiation

Team collaboration

Education

Bachelor’s degree or equivalent certifications

Job description

U.S. Eagle Federal Credit Union is a local not-for-profit, very for-people place. We are an organization that quietly does the right thing in a world that can't stop talking about doing just that. At U.S. Eagle, you can make a big impact and help create a world where people matter more than profit. The AVP Special Assets oversees the Special Assets team responsible for managing a portfolio of problem credits to resolution. They will lead the team by providing coaching and development while exercising a high degree of autonomy to resolve complex problem credits, especially in government guaranteed lending programs, primarily SBA and USDA.

Essential Functions & Responsibilities :

• Develop, negotiate, and implement loan restructuring proposals for complex and multi-tiered transactions.
• Write and review complex liquidation and litigation plans for governmental agencies.
• Ensure accuracy of loan loss analysis for Special Assets.
• Manages other third parties assisting with the special assets workout process.
• Prepare and present complex credit presentations for the use by the loan committee, senior management, loan participants and agencies in making credit decisions. Complete monthly and/or quarterly reviews for all problem relationships to include detailed action plans, modifications or policy waivers, and risk rating modifications,
• Develop and maintain close relationships within US Eagle, including with lending team, credit analysts, accounting/finance, and external partners, including attorneys, SBA, USDA, loan participants and other professionals involved in the restructuring process.
• Oversee any third-party special asset agency relationships and/or loan servicing relationships, to ensure compliance with U.S. Eagle policies and procedures.
• Responsible for all aspects of managing, maintaining, and selling the company owned OREO property at a complex level for multiple property types, including single family residences.
• Responsible for the management of contracts regarding managing and selling OREO property.
• Responsible for income and expense management for all OREO properties, as appropriate. Act as a liaison to title, escrow, and foreclosure company relationships, as needed.
• Responsible for risk in the Special Assets portfolio, including risk ratings, accrual status, and TDR/TLM status.
• Analyzes complex financial statements and tax returns.
• Performs other job-related duties as assigned.

U.S. Eagle Federal Credit Union is a local not-for-profit, very for-people place. We are an organization that quietly does the right thing in a world that can't stop talking about doing just that. At U.S. Eagle, you can make a big impact and help create a world where people matter more than profit. The AVP Special Assets oversees the Special Assets team responsible for managing a portfolio of problem credits to resolution. They will lead the team by providing coaching and development while exercising a high degree of autonomy to resolve complex problem credits, especially in government guaranteed lending programs, primarily SBA and USDA.

Essential Functions & Responsibilities :

• Develop, negotiate, and implement loan restructuring proposals for complex and multi-tiered transactions.
• Write and review complex liquidation and litigation plans for governmental agencies.
• Ensure accuracy of loan loss analysis for Special Assets.
• Manages other third parties assisting with the special assets workout process.
• Prepare and present complex credit presentations for the use by the loan committee, senior management, loan participants and agencies in making credit decisions. Complete monthly and/or quarterly reviews for all problem relationships to include detailed action plans, modifications or policy waivers, and risk rating modifications,
• Develop and maintain close relationships within US Eagle, including with lending team, credit analysts, accounting/finance, and external partners, including attorneys, SBA, USDA, loan participants and other professionals involved in the restructuring process.
• Oversee any third-party special asset agency relationships and/or loan servicing relationships, to ensure compliance with U.S. Eagle policies and procedures.
• Responsible for all aspects of managing, maintaining, and selling the company owned OREO property at a complex level for multiple property types, including single family residences.
• Responsible for the management of contracts regarding managing and selling OREO property.
• Responsible for income and expense management for all OREO properties, as appropriate. Act as a liaison to title, escrow, and foreclosure company relationships, as needed.
• Responsible for risk in the Special Assets portfolio, including risk ratings, accrual status, and TDR/TLM status.
• Analyzes complex financial statements and tax returns.
• Performs other job-related duties as assigned.

Qualifications

Experience: Eight to ten years of similar or related experience. Required experience with SBA 7a and USDA B&I loan programs, and the intricacies associated with collection of such.

Education: (1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree).

Interpersonal Skills: Work involves extensive personal contact with others and is of a personal or sensitive nature. Motivating, influencing, and/or training others is key at this level. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.

Physical Requirements: The employee is regularly required to sit, use hands to finger, handle, or feel, reach with hands and arms, talk and hear. The employee is occasionally required to stand, walk, climb, or balance, stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to ten (10) pounds. Specific vision abilities required by this job include close and far vision, color vision, and ability to focus.

Work Environment: The noise level in the office work environment is typically moderate.

This position is required to work onsite in Albuquerque, NM.