Senior Manager, Special Assets & Workouts

Security Service Federal Credit Union; San Antonio (TX); Hybrid; USD 130,000 - 170,000; Full time

Benefits offered by this job

Medical, dental and vision insurance

401K match with immediate vesting

Tuition reimbursement

On-site fitness center

Job summary

Security Service Federal Credit Union seeks a seasoned Manager to oversee the high-risk commercial loan portfolio and lead Special Assets Portfolio Managers in handling complex workouts, restructurings, and enforcement actions. The role requires deep regulatory knowledge and proven leadership in guiding recovery strategies.

The ideal candidate has a decade of commercial credit experience, strong analytical and negotiation skills, and proficiency with Excel and financial tools.

Qualifications

• Bachelor's degree in Business Administration, Accounting, Finance, Economics, or equivalent education and/or experience.
• A minimum of ten (10) years of commercial credit, loan review, special assets, workout, restructuring, or commercial banking examination experience, or a comparable combination of portfolio management, underwriting, and loan administration experience.
• Working knowledge of managing criticized and classified assets and complex workout situations, including collaboration with legal counsel on enforcement actions, bankruptcies, foreclosures, and other legal remedies.
• Proficiency in Microsoft Office applications, including Excel and financial analysis tools, is required.

Responsibilities

• Oversee the Credit Union's high-risk commercial loan portfolio and manage Special Assets Portfolio Managers for complex relationships.
• Apply senior-level judgment to determine resolution strategies for adversely rated credits and other challenged loan relationships.
• Coordinate transfer of loans into Special Assets, reviewing underwriting, documentation, collateral exceptions, and servicing history.
• Oversee portfolio monitoring: annual reviews, covenant testing, risk ratings, nonaccrual assets, and collateral disposition.
• Partner with lending staff and internal partners to monitor delinquent loans, conduct borrower outreach, and implement timely action plans.
• Identify trends and escalate time-sensitive matters requiring senior management involvement to improve asset quality and portfolio performance.

Skills

Analytical skills

Negotiation

Decision-making

Oral communication

Written communication

Microsoft Excel

Financial analysis tools

Education

Bachelor's degree in Business Administration, Accounting, Finance, Economics, or equivalent education/experience

Tools

Microsoft Office

Financial analysis tools

Job description

Security Service Federal Credit Union seeks a seasoned Manager to oversee the high-risk commercial loan portfolio and lead Special Assets Portfolio Managers in handling complex workouts, restructurings, and enforcement actions. The role requires deep regulatory knowledge and proven leadership in guiding recovery strategies.

The ideal candidate has a decade of commercial credit experience, strong analytical and negotiation skills, and proficiency with Excel and financial tools.