Special Assets Officer

Switchboard Hiring; Boulder (CO); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Remote work

Benefits package

PTO & holidays

401(k)

Job summary

Our client, a well-established community bank, seeks a Special Assets Manager to oversee the Special Assets portfolio, focusing on review, analysis, and resolution of criticized and non-performing loans for commercial and consumer lines. You will collaborate with credit, legal, and executive teams to develop risk mitigation strategies and asset recovery plans.

Responsibilities include managing non-performing loans, developing workout strategies, performing credit analyses, and presenting status

Qualifications

• 3+ years of experience in Special Assets, workouts, and credit analysis.
• Knowledge of commercial and consumer lending, loan documentation, bankruptcy, foreclosure, and collections.
• Proven track record in managing and resolving complex credit relationships.
• Excellent negotiation and relationship management skills.
• Strong analytical abilities with high level of accuracy.
• Proficiency with loan management systems and Microsoft Office.

Responsibilities

• Manage a portfolio of adversely classified, non-performing loans for commercial and consumer lines.
• Develop asset workout strategies, restructures, liquidations, and collection plans.
• Perform credit analysis and loan reviews to assess borrower risk.
• Collaborate with borrowers, attorneys, and internal stakeholders for modifications and collections.
• Prepare reports on Special Assets status for execs and board.
• Ensure compliance with banking regulations and internal policies.
• Oversee OREO assets: valuation, maintenance, disposition.
• Maintain loan files and documentation throughout resolution.
• Stay informed on market trends and regulatory changes affecting Special Assets.

Skills

Credit analysis

Negotiation

Relationship management

Analytical thinking

Attention to detail

Microsoft Office

Education

Bachelor's degree in Finance/Business/Accounting

Tools

Loan management systems

Microsoft Office Suite

Job description

Our client, a well-established community bank, is seeking a diligent and experienced Special Assets Manager to join their team. In this role, you will be responsible for managing the bank's Special Assets portfolio, focusing on the review, analysis, and resolution of criticized and non-performing commercial and consumer loans. You will work closely with credit, legal, and executive teams to develop strategies for risk mitigation and asset recovery, ensuring the bank's portfolio quality and financial performance remain strong.

Responsibilities

• Manage a portfolio of adversely classified, non-performing, and problem loans for both commercial and consumer lines
• Develop, implement, and monitor asset workout strategies, restructures, liquidations, and collection plans
• Perform comprehensive credit analysis and loan reviews to assess borrower risk and recommend appropriate action steps
• Collaborate with borrowers, attorneys, and internal stakeholders to facilitate modifications, documentation, and collections
• Prepare and present detailed reports regarding the status of Special Assets to executive and board-level management
• Ensure compliance with all applicable banking regulations, internal policies, and procedures
• Participate in the management of OREO (Other Real Estate Owned) assets, including valuation, maintenance, marketing, and disposition
• Maintain accurate loan files and documentation throughout the resolution process
• Stay informed on market trends, economic changes, and regulatory updates impacting special asset management

Requirements

• 3+ years of experience in Special Assets, workouts, and credit analysis
• In-depth knowledge of commercial and consumer lending, loan documentation, bankruptcy, foreclosure, and collection processes
• Proven track record in managing and resolving complex credit relationships
• Excellent negotiation, problem-solving, and relationship management skills
• Strong analytical abilities with attention to detail and a high level of accuracy
• Proficiency with loan management systems and Microsoft Office Suite
• Bachelor's degree in Finance, Business, Accounting, or a related field or equivalent experience

Benefits

• Remote work – infrequent travel required as needed
• Competitive salary commensurate with experience
• Comprehensive benefits package including medical, dental, vision, and 401(k)
• Paid time off and bank holidays
• Opportunities for professional development and advancement
• Collaborative, community-centered work environment

Compensation Range: $120K - $180K