AVP Special Assets

State Employees Credit Union•Santa Fe, NM

3d•Onsite

About The Position

Reporting to the Chief Lending Officer, the AVP of Special Assets manages troubled and higher-risk commercial loans after they are transferred to Special Assets. The role works directly with borrowers and guarantors to develop practical plans to restore repayment when possible, restructure loans when appropriate, or recover as much as reasonably possible through collateral or legal remedies. The position also monitors credit risk, keeps leadership informed, and works closely with Commercial Lending, Credit Administration, Finance/Accounting, Legal Counsel, and Compliance to protect the Credit Union and support safe and sound lending. Further, the position administers commercial watch-list, individually evaluated loans, and special-assets reporting and provides timely, accurate, and well-supported information regarding asset quality, risk-rating migration, delinquencies, nonaccruals, modifications, charge-offs, recoveries, collateral exposure, and workout progress. The AVP of Special Assets promotes safe and sound commercial lending practices consistent with applicable Credit Union policy, New Mexico law, NCUA regulations and supervisory guidance, and generally accepted accounting principles. All employees of State Employees Credit Union are proactive, results driven, and fully committed to the Credit Union's mission and vision. They strive to achieve the highest standards of excellence and consistently exceed the expectations established by Credit Union Management.

Requirements

Advanced knowledge of commercial lending, credit analysis, credit administration, loan documentation, collections, and problem-loan resolution.
Ability to analyze commercial financial statements, tax returns, cash flow, repayment capacity, leverage, liquidity, collateral coverage, borrowing bases, and guarantor strength.
Practical knowledge of commercial risk ratings, nonaccrual treatment, CECL/allowance concepts, collateral evaluation, and the documentation needed to support credit decisions.
Working knowledge of bankruptcy, foreclosure, repossession, collateral liquidation, guarantor enforcement, and settlements, including knowing when legal counsel is needed.
Excellent negotiation, judgment, and problem-solving skills, with the ability to balance rehabilitation opportunities against loss exposure, time, cost, and likelihood of recovery.
Excellent written, verbal, and presentation skills, including the ability to explain complex credit issues clearly to borrowers, management, committees, auditors, counsel, and regulators.
Strong organization and project-management skills with the ability to manage multiple complex credits, vendors, legal matters, deadlines, and competing priorities.
Proficiency with Microsoft Office and commercial lending/servicing systems, along with sound judgment, discretion, professionalism, and integrity.
Demonstrated experience analyzing and resolving criticized or classified commercial credits, including commercial real estate and/or commercial and industrial loans.
Experience with loan modifications, nonaccrual credits, collateral-dependent loans, bankruptcy, foreclosure, collateral liquidation, or legal workout strategies is preferred.
Education or experience equivalent to a Bachelor's degree in Finance, Accounting, Business Administration, Economics, or a related field.
A minimum of seven (7) years of progressively responsible experience in commercial lending, commercial credit analysis, credit administration, special assets, loan workouts, commercial collections, or a related commercial banking or credit union function.
Work in a safety conscious manner which ensures that safe work practices are used in order not to pose a risk to self or others in the workplace.
Adhere to policy on Drug Free Workplace.
Comply with company policies and procedures and local, state and federal regulations.
Prolonged periods of sitting at a desk and working on a computer.
Some standing, walking, kneeling, stooping, bending and lifting.
Must be able to lift up to fifteen (15) pounds at times.
Must be able to access and navigate credit union facilities.

Nice To Haves

Leadership, project-management, or committee-presentation experience is also preferred.
Experience leading various risk and compliance teams within a financial institution is preferred.
Relevant professional certifications are preferred but not required. This may include but is not limited to: Credit Union Enterprise Risk Management Expert (CURME) and/or Credit Union Compliance Expert (CUCE), Certified Regulatory Compliance Manager (CRCM), Bank Secrecy Act Compliance Specialist (BDACS), Certified Credit Union Internal Auditor (CCUIA), Other financial institution industry-recognized compliance and risk certifications.
Supervisory/leadership experience is preferred but not required.

Responsibilities

Manage assigned problem commercial loans, including criticized/classified, individually evaluated loans, delinquent, nonaccrual, modified, and other higher-risk credits, from transfer to Special Assets through final resolution.
Monitor for changes in payment performance, financial condition, covenant compliance, collateral, bankruptcy, litigation, or other issues that increase risk, and adjust the action plan as needed.
Analyze borrower and guarantor financial information, repayment ability, cash flow, collateral, and other sources of support; recommend appropriate risk ratings and escalate material deterioration.
Exercise delegated authority within approved limits and obtain the appropriate approval for modifications, settlements, charge-offs, collateral releases, legal actions, and other material workout decisions.
Own and document the resolution strategy for assigned loans, including repayment sources, required actions, borrower and guarantor communication, responsible parties, approvals, milestones, deadlines, and target resolution dates.
Periodically evaluate and adjust the strategy based on performance, risk, cost, and expected recovery.
Monitor workout and acquired-property expenses, protective advances, environmental exposure, vendor performance, and disposition timelines.
Verify the accuracy of loan-system coding and regulatory reporting for assigned credits.
Make recommendations on nonaccrual status, return to accrual, charge-offs, and recoveries.
Provide Finance/Accounting and Credit Administration with current information needed for CECL and allowance estimates.
Maintain the commercial watch list and provide clear, timely reporting on problem loans, risk changes, losses, recoveries, collateral shortfalls, and progress toward resolution.
Protect the Credit Union's collateral position by coordinating appraisals or evaluations, inspections, lien and title work, insurance, taxes, and other needed collateral-protection steps.
Work with Legal Counsel on bankruptcy, foreclosure, repossession, settlements, guarantor enforcement, collateral liquidation, and other legal remedies when needed.
Manage acquired commercial real estate or other collateral, including appropriate exit strategies, carrying costs, insurance, taxes, maintenance, environmental exposure, valuation, and disposition timelines.
Coordinate and oversee outside professionals such as attorneys, appraisers, brokers, receivers, auctioneers, or property managers when applicable.
Present problem credits and recommendations to the Loss Mitigation Committee and other leadership groups as needed; support audits, loan reviews, and examinations and maintain clear files supporting material decisions.
Follow Credit Union policy, delegated authority, applicable accounting requirements, and federal and New Mexico laws and regulations.
Escalate suspected fraud, compliance concerns, or other significant issues and recommend improvements based on lessons learned.
Protect confidential information and follow applicable privacy, information-security, records-retention, and access-control requirements.
Complete required compliance, safety, security, and job-specific training within established timeframes.
Perform other duties as assigned