Senior Special Assets Manager: Loan Workouts & Recovery

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

Job summary

Tri Counties Bank in Roseville, CA is seeking a Special Assets Officer to manage a problem loan portfolio and develop workout solutions. The role focuses on optimizing recovery while ensuring regulatory compliance and adherence to bank policies.

The position offers a starting salary range of $93,000 to $115,000 per year, with incentive opportunities that can enhance total compensation based on qualifications and experience.

Qualifications

• 3–5 years: Basic to Intermediate experience 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 and unsecured lending practices, loan documentation, regulatory requirements, and bankruptcy laws pertaining to chapters 13, 12, 11, & 7.
• Ability to understand real estate and personal property appraisals and valuation methodologies.
• Demonstrate effective written, verbal, and interpersonal communication skills for borrower and stakeholder interactions.
• Proven ability to manage time effectively and work independently while handling a portfolio of simple to moderately complex loans.

Responsibilities

• Analyzes higher-risk loan portfolios to identify financial, collateral, structural, and legal risks and recommend appropriate workout strategies.
• Develops and negotiates restructuring and collection strategies with borrowers to maximize recovery outcomes.
• Analyzes borrower financial statements, collateral, and loan documentation to determine repayment ability and identify deficiencies.
• Monitor borrower performance and workout plans to ensure timely repayment and proactively address issues.
• Coordinates with internal departments, legal counsel, and external advisors to support workout, litigation, and restructuring activities.
• Directs liquidation activities, including foreclosure processes and disposition of collateral assets when necessary.
• Identify and report credit risk changes including risk ratings, nonaccrual status, and troubled debt restructures (TDRs).
• Responsible for ensuring compliance with bank policies, regulatory requirements, and applicable federal and state laws.

Skills

Special assets

Commercial lending

Credit risk analysis

Financial statements

Communication skills

Time management

Education

High school diploma or GED

Bachelor's degree

Finance/BA/Accounting

Job description

Tri Counties Bank in Roseville, CA is seeking a Special Assets Officer to manage a problem loan portfolio and develop workout solutions. The role focuses on optimizing recovery while ensuring regulatory compliance and adherence to bank policies.

The position offers a starting salary range of $93,000 to $115,000 per year, with incentive opportunities that can enhance total compensation based on qualifications and experience.