Special Assets Officer

JCW Group; Pittsburgh (Allegheny County); On-site; USD 120,000 - 180,000; Full time

Job summary

A regional bank in Pittsburgh is looking for a Senior Special Assets Officer to lead its collections and workout function. The successful candidate will manage a portfolio of non-performing commercial loans and develop recovery strategies. Strong experience in commercial loan workouts and credit risk is required, alongside the ability to communicate effectively with senior management. This position offers an integral role in overseeing the bank's special assets and collections operations.

Qualifications

• Extensive experience in managing commercial loan workouts and special assets.
• Deep understanding of credit risk and related processes.
• Proven capacity to interact with senior management and external parties.

Responsibilities

• Lead and supervise the bank’s special assets and collections activities.
• Manage non-performing and criticized commercial loan portfolios.
• Develop recovery strategies for problem assets.
• Maintain relationships with legal counsel and other third parties.
• Provide reports and recommendations to management.
• Ensure compliance with internal credit policy and regulatory requirements.
• Participate in credit risk reviews and portfolio-level problem loan analysis.
• Mentor and manage special assets and collections staff.

Skills

Commercial loan workouts

Special assets management

Credit risk understanding

Strong communication with stakeholders

Regulatory compliance

Stakeholder management

Strategic planning

Job description

Our client, a regional bank in the Pittsburgh market, is seeking a Senior Special Assets Officer to lead its collections and workout function. This role reports into executive management and oversees problem asset strategy and execution.

• Lead and supervise the bank’s special assets, collections, and workout activities
• Manage a portfolio of non-performing and criticized commercial loans
• Develop and execute workout, restructuring, liquidation, and recovery strategies
• Oversee relationships with legal counsel, appraisers, brokers, and other third parties
• Provide regular reporting and recommendations to executive management and credit leadership
• Ensure compliance with internal credit policy and regulatory requirements
• Participate in credit risk reviews and portfolio-level problem loan analysis
• Mentor and manage special assets and collections staff

Qualifications:

• Significant experience in commercial loan workouts, special assets, or credit risk within a bank
• Strong knowledge of commercial loan documentation, restructuring, and recovery processes
• Ability to interact directly with senior management and external stakeholders