Special Assets Workout Specialist

Investar Bank; Baton Rouge (LA); On-site; USD 90,000 - 140,000; Full time

Job summary

Investar Bank in Baton Rouge seeks a Special Assets Officer to manage non-accrual and workout credits, including OREO, in coordination with senior management and external counsel. The role focuses on prompt resolutions while minimizing losses and requires strong negotiation, analytical, and regulatory skills.

Responsibilities include developing account restructures, strategizing recovery plans, and reporting to bank management.

Qualifications

• 5+ years in a Workouts/Special Assets capacity within banking or finance.
• Thorough knowledge of secured lending workout solutions including CRE.
• Thorough knowledge of current bankruptcy and litigation law.
• Strong negotiation, problem-solving and conflict resolution skills.
• Moderate knowledge of lending functions including pricing, restructuring, and credit extension.

Responsibilities

• Develops solutions and negotiates account restructures, bankruptcies, accounts in litigation, repossessions and foreclosures, collateral sales and deficiency arrangements on problem loans.
• Formulates and recommends strategies to maximize financial recovery for workout accounts.
• Analyzes financial statements, pricing and contracts to modify accounts for recovery opportunities.
• Acts as a consult to Lenders and Credit Officers on potential problem credits and strategies.
• Provides accurate reporting to Bank management of managed accounts.
• Accurately risk rates assigned accounts and assesses accrual status and reserves.
• Maintains relationships with outside collection agencies, attorneys and professionals.
• Ensures compliance with laws, regulations, policies and guidelines including FASB 114 reporting.
• All other duties as assigned.

Skills

Workouts & Special Assets

Negotiation

Credit analysis

Litigation knowledge

Financial statement analysis

Job description

Investar Bank in Baton Rouge seeks a Special Assets Officer to manage non-accrual and workout credits, including OREO, in coordination with senior management and external counsel. The role focuses on prompt resolutions while minimizing losses and requires strong negotiation, analytical, and regulatory skills.

Responsibilities include developing account restructures, strategizing recovery plans, and reporting to bank management.