Special Assets Officer

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

Job summary

Third Coast Bank is hiring for a full-time position focused on managing high-risk borrowers. The role involves conducting thorough analyses, restructuring loans, and interacting with professionals like attorneys. Candidates should have over 7 years of relevant experience and a Bachelor's degree in a related field.

Essential skills include effective communication and knowledge of banking compliance regulations. The position entails typical hours from 8:00 am to 5:00 pm, with some travel between offices.

Qualifications

• More than 7 years of related experience at a financial institution in special assets/problem loan.
• Intermediate knowledge of SBA 7(a) and 504 loans.
• Basic knowledge of state and federal banking compliance regulations.

Responsibilities

• Conduct in-depth analysis of high-risk borrowers.
• Interface with contracted professionals such as attorneys.
• Prepare internal and external special asset reports.

Skills

Effective verbal, written and interpersonal communication skills

Intermediate knowledge of rules and regulations

Effective organizational and time management skills

Basic skills in computer terminal and personal computer operation

Education

Bachelor's degree in business or financial industry related

Tools

Word

Excel

Job description

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.