Special Assets Officer I

First Mid Bank & Trust; Paris (IL); On-site; USD 61,000 - 92,000; Full time

Benefits offered by this job

Healthcare

401K match

Generous PTO

Tuition reimbursement

Employee Stock Purchase Plan

Job summary

First Mid Bank & Trust in Paris, IL is seeking a Special Assets Officer I to identify and minimize losses on assigned loan portfolios. You will lead collections, negotiate workouts, and coordinate foreclosure or bankruptcy actions while maintaining detailed records and reporting.

The role focuses on risk classification, loss mitigation, and asset recovery, with opportunities to participate in audits and ongoing training. Candidates should have a Bachelor's degree or equivalent experience.

Qualifications

• Bachelor's degree or equivalent of two to four years related experience and/or training; or equivalent combination of education and experience.

Responsibilities

• Identify and minimize potential losses and maximize recoveries on assigned loan portfolios, through collection activities and workout action plans; negotiate and execute loan restructures; manage negotiations, legal actions, collateral evaluation and documentation.
• Determine and report appropriate risk classification and reserve for problem loans.
• Review delinquency, maturity and unpaid tax reports and follow up with borrowers and loan officers.
• Prepare and review monthly/quarterly reports such as Delinquent Mortgage Loan Reports and Problem Loan Reports.
• Maintain client contact records.
• Prepare loss mitigation documents in compliance with guidelines.
• Monitor bankruptcy accounts, engage bank attorney when necessary, and oversee bankruptcy proofs of claim.
• Prepare documents for repossessions and legal actions against debtors.
• Coordinate foreclosure or repossession processes and maintain legal records.
• Maintain bank-owned property and participate in asset closings.
• Recover past due balances or negotiate recovery with approvals.
• Assist with routine audits.
• Complete required training associated with job function.
• All other duties as assigned.

Skills

Good communication

Deadline-driven

Analytical skills

Interpersonal skills

Policy knowledge

Loans systems

Education

Bachelor's degree or equivalent of two to four years related experience and/or training

Job description

Position

Position: Special Assets Officer I

Location

Location: Paris, IL

Job Id

Job Id: 4879

# of Openings

# of Openings: 1

Pay Range

Pay Range: $61,300 - $91,900 per year

Benefits

At First Mid, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of discretionary short-term incentives (i.e. bonus, incentives, and/or commission). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, tuition reimbursement, an Employee Stock Purchase Plan, and a 401K plan with company match. Incentives and benefits are subject to eligibility requirements.

Responsibilities

• Responsible for identifying and minimizing potential losses and maximizing recoveries on assigned loan portfolios, through collection activities, developing/negotiating/execution of workout action plans including proposing loan restructures, managing negotiations and legal actions, evaluating bank collateral and documentation, and recommending alternative solutions as well as judgment/foreclosure litigation, asset liquidation and bankruptcy. Make recommendations for additional approval where necessary.
• Determine and report the appropriate risk classification and recommended reserve for problem loans where applicable.
• Review delinquency, maturity and unpaid tax reports and follow up with borrowers and loan officers as necessary.
• Responsible for assigned monthly and quarterly reports such as Delinquent Mortgage Loan Reports, Bankruptcy Reports, and Problem Loan Reports, as applicable.
• Maintain client contact records.
• Review for loss mitigation alternatives if collection cannot be resolved in short order. Prepare loss mitigation documents in compliance with applicable guidelines.
• Monitor and manage accounts in bankruptcy, engage bank attorney when necessary, and oversee preparation of bankruptcy proof of claims when prompted by the courts.
• Prepare documents for repossessions and legal actions against debtors.
• Engage bank attorney to foreclose or repossess collateral, when necessary, execute required documents, coordinate foreclosure or repossession process, review and maintain legal records.
• Maintain bank-owned property according to bank policy, review and execute sale documents, and participate in the closing of the asset.
• Recover past due balances, judgments or in the alternative, negotiate recovery with the appropriate approval.
• Assist with routine audits.
• Completed required training associated with job function.
• All other duties as assigned.

Qualifications

Education/Experience

• Bachelor's degree or equivalent of two to four years related experience and/or training; or equivalent combination of education and experience.

Skills

• Good communication skills, both verbal and written, are preferred.
• Ability to meet tight deadlines, work independently, problem solve, set and achieve priorities and goals.
• Analytical skills sufficient to conduct analysis of problem loans and make recommendations and/or act upon the workout plan.
• High level interpersonal skills to interact with customers, other departments, and bank attorneys in a professional manner.
• High working knowledge of both internal policies and procedures and the laws and regulations governing departmental functions to ensure performance of individual job duties within the proper control environment.
• Thorough understanding of loans and loan systems.
• Strong computer skills and proficient knowledge of word processing and spreadsheet functions.

Total Rewards

• Competitive health, dental & vision coverage with HSA match
• 401(k) with employer match + Employee Stock Purchase Plan
• Generous PTO, paid holidays & parental leave
• Tuition reimbursement & performance-based bonuses
• Visit our Total Rewards page to see our full list of benefits

Equal Opportunity Statement

First Mid Bancshares, Inc. is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.

Disclaimer

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT

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