Special Assets Officer

Third Coast Bank; Austin (TX); On-site; USD 80,000 - 100,000; Full time

Job summary

Third Coast Bank is seeking a Special Assets Officer in Austin, Texas to conduct in-depth analyses of high-risk borrowers and manage loans from inception to resolution. The role requires over 7 years of experience in a financial institution's special assets department and a bachelor's degree is preferred.

Responsibilities include interfacing with professionals, handling bankruptcies, and preparing asset reports. The position is full-time, with typical hours from 8:00am to 5:00pm, Monday through Friday.

Qualifications

• More than 7 years of related experience in financial institutions.
• Intermediate knowledge of consumer collections and real estate procedures.
• Basic knowledge of state and federal banking compliance regulations.

Responsibilities

• Analyze high-risk borrowers and prepare action plans.
• Restructure and manage loans from inception to resolution.
• Handle bankruptcy processes and attend court hearings.

Skills

Effective verbal, written and interpersonal communication skills

Effective organizational and time management skills

Intermediate knowledge of SBA loans

Basic skills in Word and Excel

Ability to handle difficult problems

Education

Bachelor's degree from an accredited 4-year college

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Special Assets Officer

Full Time Austin, TX, US

7 days ago Requisition ID: 1470

Third Coast Bank is an equal opportunity employer and does not discriminate against applicants or employees based on race, color, gender, age, religion, national origin, genetic information, or disability.

Position Summary:

• Conduct in-depth analysis of high-risk borrowers and prepare a course of action for each loan.
• Restructure, renew and carry out courses of action from inception to final resolution.
• Interface with contracted professionals such as attorneys, appraisers, and collateral inspectors.
• In conjunction with attorneys, handle bankruptcies, attend court hearings, mediations.
• Foreclose and liquidate collateral as necessary.
• Handle calling on SBA guarantees.
• Monitor the banks past dues and overdrafts and follow up with lenders on concerns.
• Ensure proper loan grading and accrual status of problem loans.
• Evaluate collateral values and advise on specific reserves needed.
• Prepare internal and external special asset reports.
• Voting member of Special Assets Committee
• Treats people with respect; keeps commitments; Inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
• Follows policies and procedures; completes administrative tasks correctly and on time; supports the Bank’s goals and values; benefits the bank through outside activities.
• Performs all other duties as assigned.

Education and Experience:

• Bachelor's degree from an accredited 4-year college or university is preferred, and more than 7 years of related experience and/or training at a financial institution in the special assets/problem loan workout department; or the equivalent combination of education and experience. Work related experience should consist of a financial institution special assets/problem loan workout department background.
• Educational experience, through formal school or financial industry related curriculum, should be business or financial industry related.
• Intermediate knowledge of rules and regulations related to consumer collections, foreclosure proceedings, other real estate owned.
• Intermediate knowledge of SBA 7(a) and 504 loans, and the process for collections and calling on SBA guarantees.
• Basic skills in computer terminal and personal computer operation, including Word and Excel.
• Effective verbal, written and interpersonal communication skills
• Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations.
• Effective organizational and time management skills.
• Current driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.
• Basic knowledge of related state and federal banking compliance regulations, and other Bank operational policies.
• Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations.
• Effective organizational and time management skills.

Supervisory Responsibility

None.

Position Type:

This position is a full-time, exempt position. Typical work hours are Monday through Friday, 8:00am to 5:00pm.

Travel:

Some travel between Third Coast Bank offices may be required.