Director of Special Assets

First Interstate•Bend, OR

About The Position

The Director of Special Assets (DSA) oversees and manages all of First Interstate Bank's (FIB) criticized loans as well as, any other assigned by the Chief Credit Officer (CCO) in conjunction with the commercial line of business; criticized loans are characterized as any other loans that have a higher degree of costs in the form of reserves, risk, and potential loss to the bank. This position, along with the special assets group, will mitigate these issues by identifying the underlying problems facing the borrower and mitigating the risk by obtaining more equity, collateral, additional guarantors, and/or restructuring the loan with an actionable plan to monitor and manage the risk.

Requirements

Strong financial analysis skills and abilities.
Ability to read, analyze, and interpret the most complex documents.
Ability to respond effectively to the most sensitive inquiries or complaints.
Ability to write speeches and articles using original or innovative techniques or style.
Ability to make effective and persuasive speeches and presentations on controversial or complex topics to top management, public groups, and/or boards of directors.
Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry.
Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
Bachelor's Degree in Business, Accounting, Finance, or related field required
10+ years experience in analytics, portfolio management, meeting regulatory expectations, formulating appropriate recommendations for policies and procedures, and/or the equivalent combination of education and experience required
Management experience required
Regular and Predictable Attendance - Required

Nice To Haves

Experience in commercial lending, credit, and commercial loan workouts preferred

Responsibilities

Oversees the management and performance of the Special Assets Group (SAG) unit to achieve total revenue outcome, value add objectives, desired risk profile, and internal and external relationships; all objectives are to be achieved in line with the corporate principles and with FIB’s stakeholders in mind (i.e., wholesale banking, shareholders, customers, community, and colleagues).
Assist, as required, in due diligence projects and acquisitions.
Sets up processes and procedures that increase efficiency and reduce time commitments, while simultaneously managing risk effectively.
Oversee day-to-day aspects of the SAG and complex projects.
Manages loan workout teams with an understanding of its impact across the entire Bank.
Identifies potential challenges and devise contingency plans to mitigate risk for FIB.
Reduces the number of criticized borrowing relationships managed by the line of business to allow more time to generate new business activity.
Explores all viable options to move borrowing relationships out of the bank that are designated as an “Exit” in a timely and cost-effective manner.
Handles assigned loan workout accounts in compliance with departmental and company policies.
Identifies and appropriately risk rate loans which show signs of financial deterioration.
Recommends charge off when necessary.
Coordinates and provides reporting from the FIB workstream.
Collaborates with other areas of the risk team, and bank, to achieve their objectives while operating within the framework of the bank.
Maintains high credit quality throughout FIB’s portfolio by partnering with credit and loan workout colleagues, risk management, lending staff, and regional management throughout the company to ensure a consistent credit culture, credit assessment, lending standards, and portfolio management.
Provides insight and support for the Chief Risk Officer and the Chief Credit Officer in preparation of both internal and external presentations, earnings releases and related activities, presentations to internal governance, and regulatory interaction and requests.
Assesses and communicates FIB portfolio and industry trends, proactive measures, recommend reviews, and policy updates, as required, to maintain the portfolio within acceptable risk profile.
Manages, with other senior credit and risk staff, enterprise-wide credit activities.
Assists with regulatory related activities, projects, and exams, as required.
Participates, as requested, with various regulatory, external audit, and internal audit visits and examinations.
Works with the regions to proactively appraise the sales pipeline to include assistance with structuring credits and providing industry knowledge.
Enhances the analytical base for first line of defense assessment and reporting on credit performance and outlook, portfolio analysis and risk profiling, monitoring risk appetite alignment, and recommending enhancements to limits/settings as justified.
Establishes appropriate reporting and monitoring mechanisms of specific loan segment characteristics that may impact loan performance in material segments, which may include rolling quarterly trends, semi-annual rent roll analysis for commercial real estate, review and analyze large loan reports, monitoring of construction loans, quarterly inspection reports, borrowing bases, and appraisals.
Develops and delivers training and communications, in conjunction with senior credit staff, that ensures all business partners are approaching credit in a consistent manner.
Hires, supervises, evaluates, mentors, and develops team.
Performs personnel actions to include performance appraisals, disciplinary actions, and interviewing candidates for employment.
Supervises the daily activities of the team to include delegation of assignments, development of work schedules to meet required timelines, and ensures training is completed.
Coaches and trains bankers, and other credit staff members, on key asset quality metrics, health indicators, and quality sales generation.