Special Credits Associate/Officer – Asset Recovery

Northrim Bank, Member FDIC; Anchorage (AK); On-site; USD 54,000 - 69,000; Full time

Benefits offered by this job

Medical, Dental and Vision insurance

Paid Time Off

Retirement benefits with 401K match

Job summary

Northrim Bank in Anchorage, Alaska is seeking a motivated Special Credits Associate or Special Credits Officer to protect assets and support borrowers through difficult financial times. You will work with delinquent loans, evaluate repayment options, and develop recovery strategies in collaboration with stakeholders.

The role offers growth within Credit Administration, with pay depending on experience. Full-time, exempt, with a strong benefits package including health, retirement, and paid time

Qualifications

• Bachelor's degree in Finance, Accounting, Business, or related field.
• Experience in loan collections, special assets, commercial credit, consumer credit, loan workouts, credit analysis, or related financial services functions.
• Strong analytical and problem-solving skills.
• The ability to evaluate financial information and make sound recommendations.
• Excellent communication, negotiation, and relationship management abilities.
• The ability to work independently while managing multiple priorities.

Responsibilities

• Manage a portfolio of delinquent or problem loan relationships.
• Contact borrowers and guarantors to discuss repayment solutions and recovery strategies.
• Analyze financial statements, tax returns, collateral values, cash flow, and repayment capacity.
• Monitor loan performance and identify opportunities to reduce credit risk.
• Negotiate payment arrangements, settlements, restructures, and recovery solutions within delegated authority.
• Coordinate collateral recovery, liquidation efforts, bankruptcy matters, and legal proceedings as appropriate.
• Prepare reports, account analyses, and recommendations for management.
• Partner with attorneys, government agencies, vendors, and internal business partners to achieve collection and recovery objectives.
• Ensure compliance with Bank policies, regulatory requirements, and consumer protection standards.

Skills

Analytical skills

Negotiation

Relationship management

Independence

Financial analysis

Education

Bachelor's degree in Finance/Accounting/Business

Job description

Northrim Bank in Anchorage, Alaska is seeking a motivated Special Credits Associate or Special Credits Officer to protect assets and support borrowers through difficult financial times. You will work with delinquent loans, evaluate repayment options, and develop recovery strategies in collaboration with stakeholders.

The role offers growth within Credit Administration, with pay depending on experience. Full-time, exempt, with a strong benefits package including health, retirement, and paid time