Senior Special Assets & Recovery Officer

Rockland Trust; Boston (MA); On-site; USD 110,000 - 160,000; Full time

Benefits offered by this job

Health and dental insurance

401(k) and DC retirement plan

LTD and life insurance

Tuition assistance for undergraduate &

graduate programs

Award-winning wellness program

Job summary

Rockland Trust is seeking a Special Assets Officer to manage a diverse portfolio of classified loans. You will devise, negotiate, and implement strategies to rehabilitate viable loans or maximize recovery while minimizing NPAs, charge-offs and delinquencies.

You will report to the SAG Manager and support the Chief Credit Officer and SAG Group in complex real estate loan matters. The role requires strong credit skills, collaboration with attorneys and stakeholders, and a focus on timely credit

Qualifications

• Formal credit training.
• 7+ years of experience in servicing distressed portfolios of large commercial real estate loans; ORE a plus.
• MBA, Accounting, Finance, Economics or equivalent experience preferred.

Responsibilities

• Manage a portfolio of classified assets including commercial RE loans, construction projects, ORE, and syndicated RE loans.
• Ensure compliance with internal, external and regulatory requirements.
• Perform credit administration duties including ratings, file maintenance, and status reports.
• Coordinate loan restructures with Portfolio Manager and Special Asset Committee.
• Prepare Watched Asset and Classified Assets reports as needed.
• Follow up on delinquencies and renewals.

Skills

Credit analysis

Negotiation

Risk mitigation

Education

MBA / Accounting / Finance (preferred)

Tools

Financial analysis software

Job description

Rockland Trust is seeking a Special Assets Officer to manage a diverse portfolio of classified loans. You will devise, negotiate, and implement strategies to rehabilitate viable loans or maximize recovery while minimizing NPAs, charge-offs and delinquencies.

You will report to the SAG Manager and support the Chief Credit Officer and SAG Group in complex real estate loan matters. The role requires strong credit skills, collaboration with attorneys and stakeholders, and a focus on timely credit