Special Credits Pro: Asset Recovery & Collections

Northrim BanCorp, Inc.; 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 is seeking a motivated Credit Administration professional for the Special Credits Associate or Officer role in Anchorage. You will manage delinquent loan relationships, evaluate repayment options, and collaborate with borrowers and attorneys to optimize outcomes.

The role requires a finance-related degree and experience in credit analysis or collections, with strong analytical and communication skills. This is a full-time, on-site position in Anchorage, AK.

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.

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

Credit analysis

Negotiation

Communication

Independent work

Education

Bachelor's degree in Finance/Accounting/Business

Job description

Northrim Bank is seeking a motivated Credit Administration professional for the Special Credits Associate or Officer role in Anchorage. You will manage delinquent loan relationships, evaluate repayment options, and collaborate with borrowers and attorneys to optimize outcomes.

The role requires a finance-related degree and experience in credit analysis or collections, with strong analytical and communication skills. This is a full-time, on-site position in Anchorage, AK.