Distressed Assets Recovery Manager

Wilson Bank & Trust; Lebanon (TN); On-site; USD 70,000 - 110,000; Full time

Benefits offered by this job

Total compensation package

Employee Assistance Program

Mentorship programs

Job summary

Wilson Bank & Trust in Lebanon, TN seeks a Special Assets Manager to oversee loans in default or distress, driving recovery strategies and minimizing losses. You will coordinate with Credit Administration, Collections, and cross-functional teams to implement workouts and preserve collateral value.

Ideal candidates have a background in banking collections, strong analytical skills, and the ability to communicate effectively with borrowers and internal stakeholders.

Qualifications

• High school diploma or GED required.
• Bachelor’s degree in business, finance, or related field preferred.
• 3 years of experience in a similar role.
• Banking experience preferred.
• Subject matter expertise in collections and special assets.

Responsibilities

• Manage and resolve loans in default, at risk of default, or in distress.
• Minimize potential losses while evaluating recovery and restructuring options.
• Review distressed loans and identify potential risks.
• Communicate with borrowers to explore options for workout plans.
• Develop and implement workout strategies to mitigate risk.
• Oversee recovery and liquidation of collateral.
• Collaborate with legal counsel and management on foreclosure or bankruptcy as needed.
• Maintain accurate documentation of workout activities and borrower communications.

Skills

Communication skills

Analytical thinking

Interpersonal skills

Time management

Problem solving

Collaboration

Strategic mindset

Integrity

Education

High school diploma or GED

Bachelor’s degree in business/finance or related field

Tools

Microsoft Office

Job description

Wilson Bank & Trust in Lebanon, TN seeks a Special Assets Manager to oversee loans in default or distress, driving recovery strategies and minimizing losses. You will coordinate with Credit Administration, Collections, and cross-functional teams to implement workouts and preserve collateral value.

Ideal candidates have a background in banking collections, strong analytical skills, and the ability to communicate effectively with borrowers and internal stakeholders.