Special Assets Officer

Investar Bank National As; Lafayette (LA); On-site; USD 85,000 - 140,000; Full time

Job summary

Investar Bank National As seeks an experienced Special Assets Officer to manage the resolution of impaired credits, including nonaccruals, workouts, litigation and OREO. The role requires coordination with senior management, lenders and external counsel to protect recoveries and minimize losses.

The ideal candidate has extensive secured lending workout knowledge, strong negotiation and analytical skills, and a track record in risk rating and reserve allocation within a banking environment.

Qualifications

• Proven ability to manage workouts and recoveries for non-performing credits.
• Strong negotiation, problem-solving and conflict-resolution skills.
• Experience analyzing financial statements, pricing and restructures for problem loans.
• Familiarity with bankruptcy, litigation, and collateral processes.
• Ability to work with external counsel and maintain management reporting.

Responsibilities

• Manages resolution of non-accrual, workout, litigation and/or bankruptcy credits including OREO.
• Collaborates with lenders, Credit Officers and senior management to develop workout strategies.
• Analyzes financial statements and contract structures to propose modifications that maximize recovery.
• Provides timely reporting to Bank management on managed accounts and reserves.
• Maintains relationships with outside collection agencies and attorneys; ensures compliance with laws and policies.
• Assists with risk ratings and reserves, and supports cross-functional teams as needed.

Skills

Secured lending workout

Negotiation skills

Financial analysis

Litigation knowledge

Credit risk assessment

Relationship management

Regulatory compliance

OREO knowledge

Job description

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Special Assets Officer

Credit Full Time Management Baton Rouge, LA, US

3 days ago Requisition ID: 1658

Job Function –

Manages the resolution of assigned non-accrual, workout, litigation and/or bankruptcy credits including OREO of moderate to large size and complexity. Collaborates across the Bank and with senior management, external legal counsel, and other professionals. Works with borrowers to ensure prompt resolutions, while avoiding losses to the Bank

Job Responsibilities –

• Develops solutions and negotiates account restructures, bankruptcies, accounts in litigation, repossessions and foreclosures, collateral sales and deficiency arrangements on problem loans through all stages of the resolution process including OREO.
• Formulates and recommends strategies and plans on workout accounts that deliver the most effective method for maximizing financial recovery and endeavors to improve performance of nonaccrual loans to performing status.
• Analyzes financial statements, pricing and contract structures in order to make or recommend thorough and consistent account modifications to improve opportunities for the collection of problem loan accounts.
• Acts as a consult to Lenders and Credit Officers on potential problem credits including risk ratings and strategies, as needed.
• Provides accurate and timely reporting to Bank management of managed accounts.
• Accurately risk rates assigned accounts and assesses accrual status and specific reserves on a timely basis.
• Develops and assists in maintaining relationships with outside collection agencies, attorneys and other professionals.
• Ensures that own work is in compliance with all applicable laws, regulations, policies and guidelines including producing FASB 114 reporting on a timely basis.
• All other duties as assigned.

Education and Related Experience –

• 5+ years in a Workouts/Special Assets capacity within the banking or finance industry.

Skills and Abilities –

• Thorough knowledge of /secured lending workout solutions including CRE.
• Thorough knowledge of current bankruptcy and litigation law.
• Possess strong negotiation, motivation, problem-solving and conflict resolution skills.
• Moderate working knowledge of all lending functions including pricing, restructuring, documentation, negotiation and extension of credit related to distressed lloans.
• Strong due diligence skills including the ability to analyze other companies, their financial information and operations.
• Sound decision making skills and the proven ability to manage customer and internal relationships.
• Moderate working knowledge of equipment/collateral values and liquidation processes including CRE
• Ability to use independent judgment on accounts and relationships that are moderate in size and complexity.
• Works independently with minimal day to day supervision and has the ability to prioritize and meet deadlines.
• Good oral and written communications skills.

Working Conditions and/or Physical Requirements –

• Ability to work under stress and meet deadlines.
• Ability to operate a keyboard if required performing the essential job functions.
• Ability to read and interpret a document.
• Ability to travel if required to perform the essential job functions.
• Ability to lift/move/carry approximately 20 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department an “undue hardship” then the employee must be accommodated; hence, omitting lifting as a physical requirement.

Equal Opportunity Employer/Veterans/Disabled