Senior Commercial Asset Recovery Strategist

Busey Bank; Carmel (IN); On-site; USD 103,000 - 134,000; Full time

Job summary

Busey Bank in Carmel, IN is seeking a Special Assets Officer to manage a portfolio of complex commercial loans, develop collection strategies, negotiate terms with borrowers and lawyers, and implement plans to maximize recovery.

The role requires 5+ years in special assets, strong credit knowledge, and regulatory acumen. Proficiency in MS Office and excellent communication are essential for success.

Qualifications

• Bachelor's degree in Accounting or Finance or equivalent experience required.
• Minimum 5+ years direct special assets experience.
• Knowledge of banking regulations, loan reviews, and SAFE/NMLS requirements.
• Strong negotiation and communication skills essential.

Responsibilities

• Develop collection strategies and action plans for complex loans.
• Prepare analyses and provide recommendations on plans.
• Negotiate with borrowers, attorneys, and others to restructure terms.
• Implement recovery plans to minimize risk and loss.
• Provide timely reporting to the Special Assets Manager.
• Interact with customers and outside professionals to maximize recoveries.

Skills

Negotiation skills

Credit analysis

Portfolio management

Regulatory compliance

MS Office

Education

Bachelor's degree in Accounting or Finance or equivalent experience

Tools

MS Office

Job description

Busey Bank in Carmel, IN is seeking a Special Assets Officer to manage a portfolio of complex commercial loans, develop collection strategies, negotiate terms with borrowers and lawyers, and implement plans to maximize recovery.

The role requires 5+ years in special assets, strong credit knowledge, and regulatory acumen. Proficiency in MS Office and excellent communication are essential for success.