Special Credits Associate or Special Credits Officer - Anchorage

Northrim Bank; 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 generous 401K

Paid Parental Leave

Education Assistance

Employee Assistance Program

Employee Wellness Program

Job summary

Northrim Bank in Anchorage, Alaska is seeking a motivated Special Credits Associate/Officer to protect assets and work with delinquent loan relationships. The role involves evaluating repayment options, analyzing financial information, and developing recovery strategies across borrowers, lenders, and attorneys.

The position supports the Credit Administration team and offers opportunities for growth within associate or officer levels based on qualifications and experience.

Qualifications

• Bachelor's degree in Finance, Accounting, Business, or related field or equivalent experience.
• 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.
• Ability to evaluate financial information and make sound recommendations.
• Excellent communication, negotiation, and relationship management abilities.
• 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, bankruptcy matters, and legal proceedings as appropriate.
• Prepare reports, account analyses, and recommendations for management.
• Partner with attorneys, government agencies, vendors, and internal partners to achieve collection objectives.
• Ensure compliance with Bank policies, regulatory requirements, and consumer protection standards.

Skills

Analytical skills

Problem-solving

Communication

Negotiation

Relationship management

Independent work

Prioritization

Education

Bachelor's degree in Finance/Accounting/Business

Job description

Special Credits Associate / Special Credits Officer

Credit Administration | Anchorage, Alaska

At Northrim Bank, our vision is to be Alaska's premier bank and employer of choice. We are looking for professional and knowledgeable employees who take pride in their work. We believe in providing value for our customers and communities.

Employee Benefits:

• Medical, Dental and Vision insurance, including FSA (Flex Spending Account)
• Paid Time Off to include select paid holidays
• Retirement Benefits with generous 401K match

Some Other Favorite Employee Benefits Include

Paid Parental Leave, Education Assistance, Employee Assistance Program, Employee Wellness Program and much more!

Pay is depending on experience. Minimum for Special Credits Associate is $53,540.29 annually, $2,059.24 bi-weekly, Minimum for Special Credits Officer is $69,313.46, $2,665.90 bi-weekly.

Northrim Bank is seeking a motivated and analytical professional to join our Credit Administration team as a Special Credits Associate or Special Credits Officer. Placement within the Associate or Officer level will be based on the selected candidate's qualifications, experience, and demonstrated expertise.

This position plays a critical role in protecting the Bank's assets and supporting borrowers through challenging financial situations. Successful candidates will work with delinquent and problem loan relationships, evaluate repayment options, analyze financial information, develop collection and recovery strategies, and collaborate with borrowers, lenders, attorneys, and other stakeholders to achieve the best possible outcomes.

What You’ll Do

• 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.

What We’re Looking For

Qualified candidates will possess:

• A bachelor's degree in Finance, Accounting, Business, or a related field, or an equivalent combination of education and experience.
• 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.

Preferred Qualifications

Candidates with experience in one or more of the following areas are encouraged to apply:

• Commercial credit analysis
• Special assets or workout administration
• Consumer loan collections
• Bankruptcy and legal recovery processes
• Collateral valuation and liquidation
• Loan restructuring and recovery strategies

Full Time/Exempt

Special Credit Officer, Grade 18

Special Credit Associate, Grade 15

Northrim Bank is an equal opportunity and affirmative action employer. Northrim Bank does not discriminate in employment based upon race, color, religion, sex, sexual orientation, gender identity, age, national origin, physical or mental disability, protected veteran status, pregnancy, parenthood, marital status, changes in marital status, genetic information or any other status protected by federal, state or local law.