Special Asset Loan Officer I (SPECI012874)

Centennial Bank; Conway (AR); On-site; USD 40,000 - 65,000; Full time

Job summary

A leading bank is seeking a Special Asset Loan Officer I to manage delinquent loans and collections. This mid-senior level position will oversee OREO properties, coordinate documentation for collections, and engage with legal counsel on bankruptcy cases. The ideal candidate will have a strong background in finance, excellent communication skills, and experience in problem loan management.

Qualifications

• Five years of related banking experience required.
• Experience in Special Assets, particularly knowledge of bankruptcies.
• Ability to read and analyze complex legal documents.

Responsibilities

• Manage delinquent loans, collections, and problem loans.
• Facilitate resolution of payment arrangements.
• Prepare management reports related to Special Assets.

Skills

Communication

Critical Thinking

Mathematical Skills

Education

Bachelor's Degree

Job description

Special Asset Loan Officer I (SPECI012874)

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Special Asset Loan Officer I (SPECI012874)

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This job was posted by https://www.arjoblink.arkansas.gov : For more

information, please see: https://www.arjoblink.arkansas.gov/jobs/4459042

The Special Asset Loan Officer I manages delinquent loans, collections,

and problem/nonperforming loans. This position manages and maintains

OREO, OREO sales and rental income, repossessions, and bankruptcies.

**ESSENTIAL DUTIES AND RESPONSIBILITIES**

1\. Completes required BSA/AML training and other compliance training as

assigned. This duty is performed annually.\

• The ability to work in a constant state of alertness and in a safe
  
  

manner. This duty is performed daily.\

• Communicates with loan officers and management regarding problem
  
  

credits (phone calls, meetings). This duty is performed daily, about 50%

of the time.\

• Coordinates necessary documentation for collection purposes. This
  
  

duty is performed daily, about 10% of the time.\

• Facilitate resolution of payment arrangements. This duty is performed
  
  

daily, about 10% of the time.\

• Review, code and approve OREO bills, collection bills, and legal
  
  

bills. This duty is performed as needed.\

• Prepare management ad hoc reports related to Special Assets and past
  
  

dues. This duty is performed monthly, about 15% of the time.\

• Finalizing OREO sales for closing/application of sale proceeds to
  
  

GLs. This duty is performed as needed.\

• Attend legal proceedings and foreclosure sales on behalf of the bank.
  
  

This duty is performed as needed.\

• Discuss Bankruptcies/collection cases with legal counsel. This duty
  
  

is performed weekly, about 20% of the time.\

• Review and Monitor Bankruptcy Case and Complete Bankruptcy Claim
  
  

Forms/Reaffirmations. This duty is performed weekly, about 50% of the

time.\

• Manage OREO (maintenance, rental income, utilities, repairs, etc).
  
  

This duty is performed as needed.\

• Collection Calls/ Make payment arrangements with past due customers.
  
  

This duty is performed weekly, about 15% of the time.\

• Attend meetings and Discuss with Management problem loans and OREO.
  
  

This duty is performed weekly, about 15% of the time.\

• Locate or Skiptrace to find delinquent customers for
  
  

collection/judgments. This duty is performed monthly, about 15% of the

time.\

• Communicate with Realtors and Title companies on pending OREO sales.
  
  

This duty is performed as needed.\

• Show OREO to potential buyers and negotiate sales terms. This duty
  
  

is performed as needed.\

• Order and assign out repossessions. This duty is performed monthly,
  
  

about 5% of the time.\

• Apply and monitor monthly Bankruptcy payments. This duty is
  
  

performed monthly, about 20% of the time.\

• Review and Monitor past due loans and problem loans for loan
  
  

adjustments. This duty is performed monthly, about 10% of the time.\

• Order and Review appraisals for Problem Loans for Transfer to OREO.
  
  

This duty is performed monthly, about 10% of the time.\

• Maintain OREO files. This duty is performed monthly, about 10% of
  
  

the time.\

• Perform any other related duties as required or assigned.
  
  

**QUALIFICATIONS**

To perform this job successfully, an individual must be able to perform

Each Essential Duty Mentioned Satisfactorily. The Requirements Listed

below are representative of the knowledge, skill, and/or ability

required.

**EDUCATION AND EXPERIENCE**

Broad knowledge of such fields as accounting, marketing, business

administration, finance, etc. Equivalent to a four year college degree,

plus 5 years related experience and/or training, and 3 years related

management experience, or equivalent combination of education and

experience.

**COMMUNICATION SKILLS**

Ability to read, analyze, and understand common scientific and technical

journals, financial reports, and legal documents; Ability to respond to

complex or difficult inquiries or complaints from customers, regulatory

agencies, or members of the business community.

**MATHEMATICAL SKILLS**

Ability to cal ulate figures and amounts such as discounts, interest,

commissions, proportions, percentages, area, circumference, and volume.

Ability to apply concepts such as fractions, ratios, and proportions to

practical situations.

**CRITICAL THINKING SKILLS**

Ability to solve practical problems and deal with a variety of known

variables in situations where only limited standardization exists.

Ability to interpret a variety of instructions furnished in written,

oral, or diagram formats.

**ADDITIONAL INFORMATION**

Required:\

Banking experience in the field of Special Assets to include knowledge

of bankruptcies.

Preferred:\

Bachelor\'s Degree or Special Assets banking experience.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

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