Senior Special Assets Officer

Tri Counties Bank; Roseville (MN); On-site; USD 100,000 - 132,000; Full time

Benefits offered by this job

Comprehensive benefits

Incentive opportunities

Job summary

Tri Counties Bank in Roseville, Minnesota is seeking a professional to manage problem loans and ensure compliance with banking standards. The ideal candidate has 5+ years in Commercial Lending and possesses strong analytical and negotiation skills.

The role involves assessing risks, negotiating with borrowers, and reporting on loan performance. A competitive salary range of $100,000 to $132,000 along with comprehensive benefits is offered to successful candidates.

Be a part of a respected bank dedicated to excellence and community engagement.

Qualifications

• 5+ years in Special Assets, Commercial Lending, or similar roles.
• Excellent understanding of secured and unsecured lending practices.
• Ability to analyze financial statements for various industries.

Responsibilities

• Manage a portfolio of the bank’s problem loans.
• Negotiate with borrowers for workout solutions.
• Ensure compliance with bank policies and regulations.

Skills

Analytical skills

Negotiation

Interpersonal skills

Accounting

Leadership

Education

High school diploma or GED required

Bachelor’s degree preferred

Undergraduate degree in Finance, Business Administration or Accounting

Tools

Bank systems

Windows driven programs

Job description

Come join a company you can be proud to represent.... and enjoy fantastic comprehensive benefits.

The hiring range for this opportunity is $100,000 to $132,000 annual salary along with incentive opportunities, creating a competitive total compensation package based on our pay scale, and may be modified by location and is commensurate with qualifications and experience.

POSITION SUMMARY

Responsible for the relationship management, collection and restructuring of the Bank’s problem loans. Approves transactions within delegated authority. Interacts with customers, other bank departments, the Bank’s Chief Credit Officer, examiners and auditors to report the risks of assigned loans. Negotiates sale or liquidation of the assets securing these loans when necessary.

MAJOR RESPONSIBILITIES

• Analyzes all risks (financial, collateral, structural and legal) of the bank’s higher risk loans to structure a workout solution that maximizes collection from these troubled borrowers in the most expeditious manner possible. Makes recommendations, or approves under delegated authorities, credit, legal or collateral actions to retain or exit the relationship.
• Negotiates with borrower to structure the workout to provide the best possible result to the Bank; bringing in outside consultants/specialists/attorneys and other bank departments as needed to assist with problem solving or the structure of a transaction.
• Exercises sound credit and risk judgment in approving transactions/restructures. Recommends approval when the transaction/restructure size exceeds authority limits. All transactions are structured/performed in adherence to laws regulations and, Bank policies and procedures.
• Monitors the borrower’s workout plan and account activities to ensure timely repayment and to maximize collection as well as to anticipate and address problems to avoid unnecessary delays or future collection issues.
• Evaluates collateral, loan documentation, and financial information to determine borrower’s ability to repay and deficiencies in documentation or collateral. Develops repayment, collateral and documentation plan accordingly.
• May represent the bank in court on litigations and bankruptcy cases.
• Handles all activities necessary to foreclose on real property held as collateral.
• Directs the liquidation of non-real property assets.
• Analyzes and determines impact of bankruptcy filings; ensures protection of Bank’s position as a creditor.
• Assesses and reports grading, nonaccrual and TDR issues as well as provides advice and counsel to lending units on the same and in the handling of troubled loans.

OTHER RESPONSIBILITIES

• Maintains a current understanding of Bank underwriting guidelines, procedures, policies and compliance issues. Maintains a knowledge of regulatory requirements for documentation and regulations relating to commercial lending as well as maintains a working knowledge of Consumer rules and regulations.
• Maintains a current understanding of Bank policies and procedures in compliance with all federal and state laws, including but not limited to ECOA, Bank Secrecy Act (SARs, CIP, OFAC), Information Security (GLBA), Identity Theft Red Flags, Financial Elder Abuse Reporting, and any other applicable regulations.
• Accurately and timely reports changes in risk ratings (grades), non-accrual or accrual status and troubled debt restructures.
• Controls legal and other expenses associated with assets under management.
• Performs additional duties and project as assigned.

EDUCATION, EXPERIENCE AND OTHER SKILLS REQUIRED

• High school diploma or GED required. Bachelor’s degree preferred.
• Five years of experience in Special Assets, Commercial Lending or comparable positions.
• Undergraduate degree in Finance, Business Administration or Accounting, or related lending or workout experience preferred.
• Analytical and accounting skills to include the ability to analyze personal and business financial statements of many industries. Experience in analyzing and understanding loans to Agriculture and Contactors preferred.
• Demonstrated ability to interpret and underwrite the most complex commercial credits in the Bank with minimal guidance or oversight. Subject matter expert across a broad range of credit topics including financial statements and cash flow analysis, legal concepts pertaining to workouts, collateral analysis. Track record of appropriately utilizing credit approval authority to make sound workout recommendations on complex commercial credits in line with the Bank’s credit culture, policies and procedures. Good knowledge of Bank rules, regulations and accounting (especially those factors that impact the Bank’s income statement and balance sheet such as grades, accrual/nonaccrual, TDR and impairment). Must have the ability to train, mentor and supervise junior workout personnel. Expert user of Bank systems, software, and third-party vendor platforms. Possess leadership abilities in a team environment. Assists the Department Manager in identifying training needs for staff within the department and generating ideas to improve department efficiencies. Ability to supervise in manager’s absence.
• Understanding of secured and unsecured lending practices, documentation and legal requirements.
• Ability to understand and analyze real estate and personal property appraisals, especially difference in valuation methodologies that derive final values.
• Excellent writing, verbal and interpersonal skills.
• Willingness and ability to negotiate with troubled borrowers.
• Ability to utilize personal computers and Windows driven programs.
• Good understanding of Bank products and services.
• Self-starter, good time management skills.

COMPANY PROFILE

Tri Counties Bank is dedicated to providing exceptional service for individuals and businesses throughout California with more than 75 locations, advanced mobile and online banking, and access to approximately 40,000 surcharge-free ATMs nationwide.

As California's Local Bank, Tri Counties Bank prioritizes serving clients with local bankers and local decision-making, backed by corporate philanthropy, community engagement, employee volunteerism and investments. Recognized by various publications as among the Top Workplaces and Best Banks, Tri Counties Bank recruits and retains diverse and talented team members.

Tri Counties Bank is an affirmative action and Equal Opportunity Employer, Race/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/Age/Disability/Veteran.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.