Special Assets Officer

Tri Counties Bank; Roseville (CA); On-site; USD 93,000 - 115,000; Full time

Job summary

Tri Counties Bank in Roseville, CA is seeking a Special Assets Officer to manage a problem loan portfolio and develop workout solutions. The role focuses on optimizing recovery while ensuring regulatory compliance and adherence to bank policies.

The position offers a starting salary range of $93,000 to $115,000 per year, with incentive opportunities that can enhance total compensation based on qualifications and experience.

Qualifications

• 3–5 years: Basic to Intermediate experience in special assets, commercial lending, or related credit function.
• Ability to analyze personal and business financial statements and interpret credit risk indicators.
• Knowledge of secured and unsecured lending practices, loan documentation, regulatory requirements, and bankruptcy laws pertaining to chapters 13, 12, 11, & 7.
• Ability to understand real estate and personal property appraisals and valuation methodologies.
• Demonstrate effective written, verbal, and interpersonal communication skills for borrower and stakeholder interactions.
• Proven ability to manage time effectively and work independently while handling a portfolio of simple to moderately complex loans.

Responsibilities

• Analyzes higher-risk loan portfolios to identify financial, collateral, structural, and legal risks and recommend appropriate workout strategies.
• Develops and negotiates restructuring and collection strategies with borrowers to maximize recovery outcomes.
• Analyzes borrower financial statements, collateral, and loan documentation to determine repayment ability and identify deficiencies.
• Monitor borrower performance and workout plans to ensure timely repayment and proactively address issues.
• Coordinates with internal departments, legal counsel, and external advisors to support workout, litigation, and restructuring activities.
• Directs liquidation activities, including foreclosure processes and disposition of collateral assets when necessary.
• Identify and report credit risk changes including risk ratings, nonaccrual status, and troubled debt restructures (TDRs).
• Responsible for ensuring compliance with bank policies, regulatory requirements, and applicable federal and state laws.

Skills

Special assets

Commercial lending

Credit risk analysis

Financial statements

Communication skills

Time management

Education

High school diploma or GED

Bachelor's degree

Finance/BA/Accounting

Job description

Come join a bank you can be proud to represent.

The hiring range for this opportunity is $93,000 to $115,000 annual salary along with incentive opportunities, creating a competitive total compensation package based on our pay scale, and may be modified by location and is commensurate with qualifications and experience.

Position Summary - Special Assets Officer

Responsible for managing relationships and resolution strategies for the Bank's problem loan portfolio, including collection, restructuring, and liquidation activities. Evaluates credit risk and borrower performance to develop workout solutions that maximize recovery while ensuring compliance with regulatory requirements and Bank policies. Collaborates with internal teams and external stakeholders to resolve credit issues and mitigate potential losses.

Essential Duties

• Analyzes higher-risk loan portfolios to identify financial, collateral, structural, and legal risks and recommend appropriate workout strategies.
• Develops and negotiates restructuring and collection strategies with borrowers to maximize recovery outcomes.
• Analyzes borrower financial statements, collateral, and loan documentation to determine repayment ability and identify deficiencies.
• Monitor borrower performance and workout plans to ensure timely repayment and proactively address issues.
• Coordinates with internal departments, legal counsel, and external advisors to support workout, litigation, and restructuring activities.
• Directs liquidation activities, including foreclosure processes and disposition of collateral assets when necessary.
• Identify and report credit risk changes including risk ratings, nonaccrual status, and troubled debt restructures (TDRs).
• Responsible for ensuring compliance with bank policies, regulatory requirements, and applicable federal and state laws.

Tri Counties Bank is committed to complying with all federal, state and banking (including consumer protection) laws and regulations and to maintain a strong corporate-wide culture of regulatory compliance. It is the individual responsibility of every employee to maintain a current awareness and understanding of appropriate banking laws, regulations, internal policies and procedures and to comply fully with those laws, regulations, policies and procedures. Additionally, managers and supervisors are responsible for creating an environment in which they hold their employees accountable for the above.

Education

• Required: High School Diploma or GED
• Preferred Bachelor's Degree
• Field of Study: Finance, Business Administration, Accounting, or related discipline

Skills And Knowledge

• 3 - 5 years: Basic to Intermediate experience in special assets, commercial lending, or related credit function
• Ability to analyze personal and business financial statements and interpret credit risk indicators.
• Knowledge of secured and unsecured lending practices, loan documentation, regulatory requirements, and basic understanding of current bankruptcy laws pertaining to chapter 13, 12, 11, & 7.
• Ability to understand real estate and personal property appraisals and valuation methodologies.
• Demonstrate effective written, verbal, and interpersonal communication skills for borrower and stakeholder interactions.
• Proven ability to manage time effectively and work independently while handling a portfolio of simple to moderately complex loans.

Disclaimer

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Company Profile

Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ: TCBK) headquartered in Chico, California with corporate offices in Roseville, South San Francisco, and Bakersfield, with assets of nearly $10 billion and 50 years of financial stability.

Tri Counties Bank is dedicated to providing exceptional service for individuals and businesses throughout California with more than 75 locations, advanced mobile and online banking, and access to approximately 40,000 surcharge-free ATMs nationwide.

As California's Local Bank, Tri Counties Bank prioritizes serving clients with local bankers and local decision-making, backed by corporate philanthropy, community engagement, employee volunteerism and investments. Recognized by various publications as among the Top Workplaces and Best Banks, Tri Counties Bank recruits and retains diverse and talented team members.

Tri Counties Bank is an Affimative Action and Equal Opportunity Employer, Race/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/Age/Disability/Veteran.

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