Special Assets Manager

Minnesota Bankers Association; Saint Paul (MN); On-site; USD 90,000 - 130,000; Full time

Job summary

A financial institution in Saint Paul is seeking a Special Assets Manager to oversee the management of an assigned loan portfolio. The role aims to minimize credit losses while maximizing recoveries through close collaboration with the Chief Credit Officer. The ideal candidate should have over 5 years of commercial credit experience and a strong understanding of regulatory requirements. This position offers a compensation range of $90,000 - $130,000.

Qualifications

• 5+ years of commercial credit experience.
• 3+ years of prior collection experience.
• Ability to apply accounting, banking laws, and credit policy.

Responsibilities

• Manage and monitor assigned loan portfolio.
• Minimize credit losses and maximize recoveries.
• Assist with Credit Administration functions as needed.

Skills

Commercial credit experience

Collection experience

Regulatory knowledge

Accounting and banking laws understanding

Education

Bachelor’s Degree in Business, Finance, Economics or related field

Job description

Job Description

The Special Assets Manager is responsible for the day-to-day management, monitoring, and resolution of an assigned loan portfolio with the goal of minimizing credit losses, maximizing recoveries, and returning credits to performing status. The Special Assets Manager works closely with the Chief Credit Officer in the early detection of emerging problem credits. This position also assists with additional Credit Administration functions and projects, as needed.

• Special Assets/Loan Workout - 75%
• Portfolio Management - 20%
• Credit Administration / Loan Review - 5%

Compensation Range: $90,000 - $130,000

• Bachelor’s Degree (Business, Finance, Economics or related field) preferred
• 5+ years of commercial credit experience
• 3+ years of prior collection experience
• Demonstrated regulatory knowledge, understanding and ability to apply accounting, banking laws, required rules and regulations, credit policy, and risk-rating requirements as necessary.