Senior Distressed Assets Manager - Workouts & Recovery

Broadway Bank; San Antonio (TX); On-site; USD 140,000 - 210,000; Full time

Benefits offered by this job

Career Development and Mentorship

Generous paid time off

Employee recognition

Free vision insurance

Retirement matching

Tuition reimbursement

Job summary

Broadway Bank is seeking a Senior Special Assets Officer to strategically manage distressed assets across Commercial, CRE, and Consumer portfolios. You will apply advanced credit analysis, negotiate settlements, and lead foreclosure actions in coordination with Legal and ERM teams.

This role emphasizes minimizing losses, preserving asset value, and implementing recovery strategies. Reporting to the Chief Credit Officer, you will oversee OREO dispositions, conduct comprehensive financial

Qualifications

• 10+ years in Banking with focus on Risk Management, Credit Administration, Compliance, or Audit.
• 5+ years in Special Assets including distressed loan portfolio management.
• 4-5 years of supervisory experience preferred.
• Proven proficiency in legal/bankruptcy concepts, workout strategies, foreclosure processes, and collateral liquidation.
• Strong experience in credit analysis, financial statement interpretation, and risk assessment across Commercial, CRE, and Consumer portfolios.
• Bachelor's Degree in Business Administration with a Finance or Accounting concentration.
• MBA, CPA, or JD preferred.

Responsibilities

• Manage and resolve a portfolio of complex and high-risk troubled assets, minimizing financial loss.
• Perform comprehensive financial and credit analysis of distressed loans including borrower cash flow and collateral valuation.
• Develop and execute customized workout strategies, including restructures, forbearance, settlements, note sales, or liquidation.
• Negotiate with borrowers, guarantors, and legal counsel to secure favorable repayment terms.
• Monitor compliance with workout agreements and address covenant breaches or performance deterioration.
• Lead and coordinate foreclosure actions, bankruptcy proceedings, and legal remedies with counsel.
• Attend legal proceedings, hearings, and mediations representing the Bank's interests.
• Oversee management and disposition of OREO, including valuation, marketing, broker selection, and sales.
• Prepare detailed financial analysis and reporting for OREO assets to support disposition and risk assessment.
• Coordinate with appraisers, brokers, title companies, tax authorities, and insurers for asset resolution.
• Collaborate with Credit Administration, ERM, Compliance, and Audit to ensure policy and regulatory alignment.
• Identify early warning signs of credit deterioration and propose proactive strategies to mitigate losses.
• Support Special Assets Committee discussions with insights and recommendations.
• Advise lending officers on problem loan identification, risk mitigation, and restructuring options.
• Conduct borrower meetings to assess financial condition and negotiate repayment strategies.
• Maintain knowledge of market conditions and industry developments impacting asset recovery.
• Ensure compliance with local, state, and federal banking regulations related to collections, foreclosure, and bankruptcy.
• Promote process improvements to special assets workflows and procedures.
• Foster collaboration across lines of business and mentor junior staff.

Skills

Credit analysis

Negotiation

Financial modeling

Stakeholder management

Regulatory knowledge

Leadership

Advanced Excel

Education

Bachelor's in Finance or Accounting

MBA/CPA/JD preferred

Tools

MicroStrategies

Informnt

Job description

Broadway Bank is seeking a Senior Special Assets Officer to strategically manage distressed assets across Commercial, CRE, and Consumer portfolios. You will apply advanced credit analysis, negotiate settlements, and lead foreclosure actions in coordination with Legal and ERM teams.

This role emphasizes minimizing losses, preserving asset value, and implementing recovery strategies. Reporting to the Chief Credit Officer, you will oversee OREO dispositions, conduct comprehensive financial