Senior Special Assets Manager: Loan Workout & Recovery

Tri Counties Bank; Roseville (MN); On-site; USD 93,000 - 115,000; Full time

Job summary

Tri Counties Bank in Roseville, MN is seeking a Special Assets Officer to manage relationships and resolution strategies for the bank's problem loan portfolio, including collection, restructuring, and liquidation activities. You will analyze borrower financial statements, coordinate with internal teams, and ensure compliance with regulatory requirements while maximizing recovery.

This role requires 3–5 years in special assets or related credit, with strong communication and independent work

Qualifications

• 3-5 years in special assets, commercial lending, or related credit function.
• Ability to analyze personal and business financial statements and interpret credit risk indicators.
• Knowledge of secured/unsecured lending, loan documentation, regulatory requirements, and bankruptcy basics.

Responsibilities

• Analyzes higher-risk loan portfolios to identify risks and recommend workout strategies.
• Develops and negotiates restructuring and collection strategies with borrowers to maximize recovery.
• Analyzes borrower financial statements, collateral, and loan documentation to determine repayment ability.
• Monitors borrower performance and workout plans to ensure timely repayment.
• Coordinates with internal departments, legal counsel, and external advisors for workout, litigation, and restructuring activities.
• Directs liquidation activities, including foreclosure processes and disposition of collateral assets when necessary.
• Identifies and reports credit risk changes including risk ratings and TDRs.
• Ensures compliance with bank policies, regulatory requirements, and applicable laws.

Skills

Special assets

Commercial lending

Credit analysis

Financial statements

Communication

Education

High School Diploma or GED

Bachelor's Degree in Finance or related

Job description

Tri Counties Bank in Roseville, MN is seeking a Special Assets Officer to manage relationships and resolution strategies for the bank's problem loan portfolio, including collection, restructuring, and liquidation activities. You will analyze borrower financial statements, coordinate with internal teams, and ensure compliance with regulatory requirements while maximizing recovery.

This role requires 3–5 years in special assets or related credit, with strong communication and independent work