Senior Special Assets Director - Loss Mitigation

Open Bank; Los Angeles (CA); On-site; USD 100,000 - 140,000; Full time

Benefits offered by this job

Medical, Dental, & Vision

401(k) Retirement Savings Plan

Paid Time Off (PTO)

Company Paid Lunch

Job summary

Open Bank in California is seeking a VP & SAD Officer III to manage the special assets portfolio, focusing on loss mitigation. The role involves analyzing financial plans and negotiating loan collections.

The ideal candidate will have a Bachelor's degree in Business, Finance, or Accounting, along with at least five years of lending experience. Strong communication skills and a professional image are required. The position offers benefits like medical insurance, 401(k) matching, and paid time off.

Qualifications

• 5+ years of experience in lending-related positions.
• Ability to retain knowledge of lending and liquidation functions.
• Present a professional image when dealing with customers.

Responsibilities

• Develop strategies for resolving special asset loans.
• Interact with borrowers to discuss financial difficulties.
• Review and prepare special assets reports for senior management.

Skills

Negotiating loan collections

Analyzing financial plans

Knowledge of lending regulations

Good written and oral communication skills

Education

Bachelor's degree in Business, Finance, or Accounting

Job description

Open Bank in California is seeking a VP & SAD Officer III to manage the special assets portfolio, focusing on loss mitigation. The role involves analyzing financial plans and negotiating loan collections.

The ideal candidate will have a Bachelor's degree in Business, Finance, or Accounting, along with at least five years of lending experience. Strong communication skills and a professional image are required. The position offers benefits like medical insurance, 401(k) matching, and paid time off.