Senior Special Assets & Workouts Officer

BritePros Medical Staffing; Schaumburg (IL); On-site; USD 139,500 - 170,500; Full time

Job summary

A financial services firm is seeking a Special Assets Officer in Schaumburg, IL, offering a salary of up to $155K along with a full benefits package. The role involves overseeing distressed commercial loans, with responsibilities such as developing workout plans, preparing Credit Reviews, and collaborating with legal counsel on bankruptcy and debt restructuring. Candidates should have at least 7 years of experience in commercial banking or credit analysis, along with a strong financial analysis background. This is not a remote position.

Qualifications

• 7+ years in commercial banking, credit analysis, or special assets/loan workout.
• Deep experience with financial analysis.
• Working knowledge of commercial lending, including commercial real estate, construction, and C&I products.

Responsibilities

• Develop and implement a workout plan to rehabilitate loans.
• Prepare Credit Reviews to assess asset quality.
• Work with legal counsel on bankruptcies and debt restructurings.
• Draft memos for substantial changes in borrower’s financial stability.

Skills

Commercial banking experience

Financial analysis

Knowledge of commercial lending

Education

College degree preferred

Job description

A financial services firm is seeking a Special Assets Officer in Schaumburg, IL, offering a salary of up to $155K along with a full benefits package. The role involves overseeing distressed commercial loans, with responsibilities such as developing workout plans, preparing Credit Reviews, and collaborating with legal counsel on bankruptcy and debt restructuring. Candidates should have at least 7 years of experience in commercial banking or credit analysis, along with a strong financial analysis background. This is not a remote position.