Special Assets Officer

PlainsCapital Bank; Dallas (TX); On-site; USD 90,000 - 130,000; Full time

Job summary

PlainsCapital Bank in Texas seeks a Special Assets Officer to manage a portfolio of adversely graded and non-performing loans across commercial, real estate, and select consumer segments.

You will identify credit risk, develop and execute resolution strategies, and work to maximize recovery while remaining compliant with regulatory and legal requirements. The role entails interacting with attorneys, preparing concise credit narratives, and reporting recovery trends.

Qualifications

• Bachelor’s degree in Business, Accounting, Finance or related field required.
• 5+ years of experience in commercial lending, workout or relevant experience.
• Strong knowledge of credit administration and banking regulations.
• Ability to interact professionally with senior management.

Responsibilities

• Manages an assigned portfolio of non-performing loans across commercial, commercial real estate, and select consumer segments.
• Identifies emerging credit risk and recommends loan grade changes, reserves, and risk mitigation.
• Performs borrower and guarantor financial analysis to assess viability and exposure.
• Issues demand letters and notices in line with regulatory requirements.
• Manages relationships with attorneys for collections, bankruptcy, litigation, and foreclosure.
• Documents credit narratives and recommendations for management and credit committee.
• Assists borrowers with resolution options including collateral liquidation, forbearance, and refinance.
• Evaluates enforcement actions such as foreclosure and note sales.
• Creates portfolio reporting on criticized assets and recovery trends.
• Supports regulatory exams, internal audits, and special reviews.

Skills

Credit analysis

Portfolio management

Negotiation

Regulatory knowledge

Communication with executives

Attention to detail

Education

Bachelor’s degree in business/accounting/finance

Tools

Microsoft Office

Custom applications

Financial systems

Job description

PlainsCapital Bank is hiring a Special Assets Officer to manage a portfolio of adversely graded and non-performing loans across commercial, real estate, and select consumer segments. This role is responsible for identifying credit risk, developing and executing resolution strategies, recommending risk grade and reserve adjustments, and working to resolve criticized assets in a manner that maximizes recovery while remaining compliant with all regulatory and legal requirements.

Responsibilities

• Manages an assigned portfolio of non-performing loans across commercial, commercial real estate, and select consumer segments, including full responsibility for all associated collection and workout activities.
• Identifies emerging credit risk and recommends timely loan grade changes, specific reserves, and risk mitigation strategies in accordance with policy and regulatory guidance.
• Performs ongoing borrower and guarantor financial analysis to assess viability, repayment capacity, and exposure. Engages directly with borrowers to resolve delinquency and non-compliance, utilizing professional negotiation and behavior-modification techniques.
• Issues demand letters and formal notices consistent with legal and regulatory requirements.
• Manages relationships with attorneys who are engaged to support their efforts, including collections, bankruptcy, litigation, foreclosure, and post-judgement collections.
• Documents concise, well-supported credit narratives and recommendations for management and credit committee review.
• Assists borrowers with resolution options, including collateral liquidation, forbearance and refinance.
• Evaluates and executes enforcement actions, including foreclosure, judgment remedies, note sales, and charge-off recommendations.
• Creates and maintains portfolio-level reporting on criticized assets and recovery trends, including reports for internal management, auditors, and regulators.
• Supports regulatory exams, internal audits, and special reviews related to problem assets.
• Performs other duties as assigned

Qualifications

• Bachelor’s degree in Business, Accounting, Finance or other related field required.
• 5+ years of experience in commercial lending, workout or relevant experience.
• Highly skilled in commercial lending workout across product/asset types including commercial loans, inventory/floorplan finance, commercial real estate
• Demonstrated knowledge of credit administration and analysis, as well as banking laws and regulations/regulatory requirements
• Ability to interface effectively and professionally with senior/executive level management.
• Excellent PC skills, including word processing and spreadsheets via Microsoft Office products as well as custom applications and systems
• Excellent analytical, time management, organizational and problem-solving skills with the ability to multi-task and work in a deadline-driven environment
• Must be self-motivated with strong initiative, accountability, and attention to detail
• Must have excellent judgement and decision-making skills with the ability to effectively resolve escalated concerns from the staff and stakeholders

The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required, and may be changed at the discretion of the Company.

About Us

PlainsCapital Bank was founded in 1988 by a group of young bankers who dreamed of bringing relationship banking to their hometown of Lubbock, Texas. With the acquisition of Plains National Bank, a Lubbock financial institution with one branch and approximately $198.8 million in assets, they began growing the bank one relationship at a time.

Over 30 years later, PlainsCapital Bank has held fast to its tried-and-true relationship-based culture and its commitment to financial strength and stability. PlainsCapital Bank ranks sixth among the largest banks headquartered in Texas by deposits and has a statewide presence with approximately 55 locations in markets such as Austin, the Coastal Bend, Dallas, Fort Worth, Houston, Lubbock, the Rio Grande Valley, and San Antonio.

Backed by decades of experience, our knowledgeable bankers are renowned for their straightforward approach and for taking exceptional care of their clients. They bring both financial and industry expertise along with vast local market knowledge to each client relationship.

PlainsCapital Bank conducts both commercial and consumer banking, providing a full suite of commercial banking products and services to fit any business model and convenient services, personal attention, and account features to help simplify managing personal finances.

PlainsCapital Bank continues to remain strong and stable, delivering highly personalized service and a single point of contact to help customers reach their financial goals.

To learn more, please visit us online at plainscapital.com/about.