Special Assets - Senior Special Assets Officer

NBH Bank; Dallas, Northern (TX, KY); Hybrid; USD 120,000 - 170,000; Full time

Job summary

NBH Bank in Dallas seeks a Senior Special Assets Officer to develop and implement workout plans for distressed loans, coordinating with borrowers to minimize losses and with outside counsel as needed.

You will conduct site visits to inspect collateral and bank-owned real estate, prepare disposition reports, and address complex portfolio issues, including regulatory and accounting considerations, while building strong client relationships and maintaining professionalism.

Qualifications

• Bachelor’s degree or equivalent combination of education and related work experience.
• 10+ years related experience and/or training.
• Commercial and/or Real Estate lending background or applicable workout experience.
• 15+ years related experience and/or training.
• Extensive Commercial and/or Real Estate background including Lending, Brokerage, Legal or other applicable workout experience.

Responsibilities

• Develop and implement workout plans with loan clients to resolve problems loans with minimal or no credit loss.
• Discuss intended workout plans with the borrower, legal counsel, and provide overview to SAG Director.
• Work closely with outside counsel during default, litigation, foreclosure, bankruptcy, and pursuit of guarantor.
• Prepare written reports regarding disposition plan for problem loans and bank owned real estate.
• Schedule site visits to inspect bank loan collateral and bank owned real estate to understand asset and market conditions.
• Address difficult portfolio issues, including legal, accounting and asset complexity, and disseminate department policies to internal partners.

Skills

MS Office

Prioritization

Communication skills

Regulatory knowledge

Problem solving

Analytical ability

Education

Bachelor’s degree or equivalent

Master’s degree in Finance, Accounting or related field

Job description

It starts with our culture ...

Common sense has never been common.

If it were, the world would be a different place. Things would run smoothly and on time. People would do what they say and say what they do. Everything would be fair, without all the small talk. And banks would only sell you what you need. When a banker looked at a client, they wouldn’t just see a number, they’d see a dad or a mom or a graduate or a business owner. Our Bankers understand the complexities of people’s lives and offer simple solutions.

That's the basics of Relationships. Fairness. Simplicity. When you choose our Company, you have an opportunity to make an impact beyond the walls of our buildings.

We have a long-standing commitment to Equity, Diversity, and Inclusion. Through our banking relationships, investing, grants, and volunteerism, NBH Bank promotes the growth, revitalization, and sustainability of the communities we serve. We believe that these are important elements in building and sustaining a successful organization and a positive, results-driven culture. We strive for all associates to feel welcome and empowered at work.

As a Senior Special Assets Officer, you will develop and implement workout plans with loan clients to resolve problems loans with minimal or no credit loss, and when necessary, dispose of collateral and bank owned real estate. You will be responsible for a variety of tasks including discussing intended workout plans with the borrower, legal counsel and provide overview to SAG Director, work closely with outside counsel during default, litigation, foreclosure, bankruptcy, and pursuit of guarantor, and prepare written reports regarding disposition plan for problem loans and bank owned real estate. You will schedule site visits to inspect bank loan collateral and bank owned real estate to better understand the asset and underlying market condition. Additionally, a Special Asset Officer is expected to retain and address more difficult portfolio issues, including legal, accounting and asset complexity, dissemination of department policies and practices to internal partners. Additionally, you are expected to build a great rapport with clients and fellow associates, and treat others with respect and consideration regardless of their status or position.

Minimum Requirements

To be considered for this position, you must possess the following qualifications.

• Bachelor’s degree or equivalent combination of education and related work experience.
• 10+ years related experience and/or training.
• Commercial and/or Real Estate lending background or applicable workout experience.

Desired Qualifications

To be considered an ideal candidate, you should possess some of the following qualifications:

• Master’s degree in Finance, Accounting or related field.
• 15+ years related experience and/or training.
• Extensive Commercial and/or Real Estate background including Lending, Brokerage, Legal or other applicable work out experience.

Desired Skills

Ideal candidates for this position should possess some or all of the following skills:

• Proficient in MS Office applications which include Outlook, Word, and Excel.
• Ability to prioritize competing demands and effectively manage multiple tasks and/or projects.
• Possess strong verbal, written and interpersonal communication skills with the ability to write reports, correspondence, and procedures, and communicate effectively with senior leadership and bank personnel.
• Have knowledge of bank operation systems, compliance, and regulatory standards.
• Must be able to deal with ambiguity, think critically, solve problems creatively, plan and meet deadlines; demonstrate strong sense of personal accountability.
• Strong analytical ability to synthesize and communicate complex information, to achieve desired results.

Work Environment

We are a culture that believes that people are our greatest asset and are at the heart of everything we do. We take pride in bringing clarity and simplicity to our associates (employees) and clients. Our decisions are made efficiently, fairly, and locally. Our success is directly tied to the communities we serve. It is equally important for us to look through the lens of our applicants and associates to identify their individual needs. As such, we want to share the following:

• We are committed to our core value of meritocracy and supporting our associates in growing within their role.
• When completing certain tasks, an associate may need to be able to grasp, push, pull, lift, bend, raise and hold hands and arms overhead.
• An associate must be able to work overtime to the extent necessary.
• Must be able to travel – estimated at 10% of the time.