AVP Special Assets Manager

BANK OF LUXEMBURG • Luxemburg, WI

8d

About The Position

Bank of Luxemburg is proud to be a community bank with a mission that guides every decision we make: To Have a Positive Impact on People’s Lives. As a locally focused financial institution, we believe in teamwork, transparency, continuous improvement, and service that strengthens the communities we call home. Due to the growth of our organization, we are seeking an experienced and relationship‑driven AVP/Special Assets Manager to join our team and help protect the financial health of the Bank while supporting customers through challenging circumstances. In this role, you will manage a portfolio of distressed, classified, or non‑performing loans and lead the Bank’s efforts to minimize losses, strengthen asset quality, and ensure sound credit risk management. You will work closely with lenders, the Chief Credit Officer, legal counsel, and third‑party partners to evaluate risk, negotiate solutions, and implement effective workout strategies. This position is ideal for a seasoned commercial lender, credit officer, or special assets professional who thrives in a collaborative environment and is motivated by meaningful, community‑centered work.

Requirements

• Bachelor’s degree in Finance, Accounting, Business Administration, or related field; minimum of five years in commercial lending, credit administration, or special assets/workout.
• Strong knowledge of banking regulations, loan documentation, credit risk analysis, and regulatory expectations.
• Excellent negotiation, communication, and interpersonal skills, with the ability to remain objective and professional in high‑stress or adversarial situations.
• High attention to detail, strong organizational skills, and the ability to manage multiple complex cases simultaneously.
• Demonstrated judgment, analytical thinking, and a proactive approach to problem‑solving.

Responsibilities

• Manage a diverse portfolio of classified, non‑performing, or high‑risk commercial, agricultural, and consumer loans, ensuring timely and effective resolution strategies.
• Conduct in‑depth credit reviews, collateral evaluations, and risk assessments, providing clear recommendations to the Chief Credit Officer and senior leadership.
• Lead workout strategies including restructures, forbearance agreements, settlements, liquidations, and legal actions in partnership with internal and external stakeholders.
• Oversee the Bank’s collection process, including monthly collection meetings, past‑due monitoring, lender training, and handling complex or sensitive cases.
• Prepare and present credit memos, action plans, and updates to senior management, the Loan Committee, and the Board of Directors.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees