Distressed Assets & Recovery Manager

Wilson Bank & Trust; United States; On-site; USD 70,000 - 110,000; Full time

Job summary

Wilson Bank & Trust is seeking a Special Assets Manager in Lebanon, TN to lead the workout and resolution of distressed loans. You will coordinate with credit administration and collections teams, assess recovery options, and guide modifications with borrowers to minimize losses while safeguarding compliance and strategic objectives.

The role requires a strong background in banking, asset recovery, and collaboration across departments, with a focus on risk mitigation and customer service.

Qualifications

• High School diploma or GED is required.
• Bachelor’s degree in business, finance, or a related field preferred.
• 3 years of experience in a similar role.
• Previous banking experience preferred.
• Subject matter expertise in collections and special assets.
• Strong knowledge of the lending process as a whole.
• Proficiency with Microsoft Office and standard software.
• Excellent verbal and written communication skills.
• Superior analytical and problem-solving skills with a strategic, business-focused mindset.

Responsibilities

• Manage and resolve loans that are in default, at risk of default, or experiencing other financial distress.
• Minimize potential losses for the bank while evaluating recovery and restructuring options.
• Assist in managing troubled credits.
• Review distressed loans and identify potential risks.
• Evaluate collateral and verify collateral documentation.
• Communicate with borrowers to explore options to return loans to a performing status.
• Partner with management to structure modifications, repayment plans, and forbearance agreements.
• Develop and implement workout strategies to maximize recovery.
• Oversee recovery and liquidation of collateral.
• Collaborate with legal counsel to initiate foreclosure, litigation, or bankruptcy proceedings as needed.
• Maintain accurate documentation of workout activities and borrower communications.
• Ensure compliance with lending laws and internal policies.

Skills

Verbal & written communication

Analytical skills

Strategic mindset

Time management

Collaboration

Self-motivation

Education

High School diploma or GED

Bachelor's degree in business/finance or related field

Tools

Microsoft Office

Job description

Wilson Bank & Trust is seeking a Special Assets Manager in Lebanon, TN to lead the workout and resolution of distressed loans. You will coordinate with credit administration and collections teams, assess recovery options, and guide modifications with borrowers to minimize losses while safeguarding compliance and strategic objectives.

The role requires a strong background in banking, asset recovery, and collaboration across departments, with a focus on risk mitigation and customer service.