Director of Special Assets Resolution

First Bank•Creve Coeur, MO

9d•$150,000 - $195,000

About The Position

The Director of Special Assets Resolution leads the strategy and execution for managing the Bank’s highest-risk credit relationships. This role provides strategic direction and daily leadership to a team of workout officers and collections personnel, with a focus on balancing urgency with sound judgment to achieve timely, well-reasoned resolutions that minimize losses and protect the bank’s capital. The role requires a disciplined, decisive leader with strong credit acumen and legal/regulatory awareness who can manage complex credit situations, guide difficult borrower conversations, and maintain credibility with internal stakeholders, outside counsel, auditors, and regulators.

Requirements

Legal requirements and regulatory compliance
Risk management and mitigation
Loan documentation
Bankruptcy, foreclosure, repossession, liquidation, and recovery processes
OREO and asset disposition practices
Exercising sound judgment under pressure
Coaching, mentoring, and performance management
Negotiation and communication
Prioritization
Financial and collateral analysis
Leadership
Managing complex, high-risk credit situations
Problem solving and decision making
Maintaining confidentiality
Building credibility with internal and external stakeholders
Bachelor’s degree in business, accounting, finance, or a related field required
Minimum of ten years of progressive commercial credit, loan workout, special assets, credit administration, or other banking experience, including five years of leadership responsibility for the special assets function of a bank or financial institution
Demonstrated experience in loan workouts, including the management of criticized, classified, non-performing, or distressed credit relationship towards optimal resolution
Demonstrated ability to evaluate risk, recommend action, negotiate resolution strategies, and clearly communicate complex credit matters internal and external stakeholders
Strong understanding of loan documentation, financial and collateral analysis, guarantor evaluation, bankruptcy, foreclosure, repossession, liquidation, credit restructuring, and recovery strategies
Ability to lead a team, manage performance, set expectations, and mentor employees in a high-accountability environment
Strong judgment, discretion, confidentiality, and professionalism when handling sensitive borrower, employee, legal, and regulatory matters

Nice To Haves

Advanced degree, banking school, or relevant professional certification preferred

Responsibilities

Lead, the bank’s special assets resolution team, including oversight of workout, collection, foreclosure, repossession, liquidation, restructuring, and recovery activities
Manage, coach, and develop workout officers and collections personnel, ensuring clear expectations and accountability, consistent execution, regular feedback, and strong documentation standards
Foster a culture of accountability, collaboration, urgency, and continuous improvement
Manage an assigned portfolio of assets, ensuring the maintenance of appropriate risk ratings, accrual status, and adequate specific reserves, if necessary.
Develop, execute, and oversee resolution strategies for the bank’s most troubled credit relationships, ensuring strategies are supported by current financial analysis, collateral evaluation, borrower communication, guarantor assessment, and legal documentation
Lead, and oversee, negotiations with borrowers, guarantors, legal counsel, and other related parties in an effort to maximize recoveries
Monitor portfolio activities, trends, and risk indicators to prepare clear, timely updates for senior management, board committees, auditors, and regulators regarding special assets activity and resolution progress
Maintain strong compliance with bank policies, regulatory expectations, documentation requirements, and applicable laws governing collection, asset disposition, and recovery activity
Manage relationships with outside counsel, appraisers, receivers, auctioneers, repossession agents, real estate brokers, property managers, and other third parties involved in workout, recovery, foreclosure, liquidation, or OREO activities.
Partner with Credit Administration, Lending, Loan Operations, Legal, Risk Management, and executive leadership to evaluate options, escalate concerns, and drive resolution outcomes
Perform other duties as assigned