SBA Special Assets Officer I

FIRST INTERNET BANK • Fishers, IN

6d • Onsite

About The Position

As the Small Business Administration (SBA) Special Assets Officer I, you will assist with the ongoing handling, monitoring, and resolution of delinquent, non-performing, or otherwise adversely classified SBA loans within the First Internet Bank portfolio. Your goal will be to identify, analyze, and recommend the most cost-efficient method to mitigate risks to the bank. Credits assigned to your position will generally be of a less complex nature, and with balances of $2.5MM or less. You will also be responsible for the loan until resolution and through wrap up.

Requirements

• A minimum of three years of direct experience working in an SBA/commercial Special Assets Role, or five years of SBA Portfolio Manager direct experience, required
• Proven knowledge of the SBA SOP's 50 57 and actions as outlined in the 7a Servicing and Liquidation Actions is required
• Ability to manage volume and multi-task across multiple loans at any given time
• Knowledge and skill set in MS Office (Word, Excel, etc.), Skype, and Zoom. Experience in Loan platform systems of E-Tran, nCino and PCFS is also preferred

Responsibilities

• Interact with numerous internal partners and external vendors (attorneys, appraisers, brokers, agents, title companies, closing agents, and any other 3rd party firms) to protect and advance the interest of the bank
• Coordinate with Portfolio Managers on long term strategy for credits in distress prior to transfer to the Special Assets Department
• Assist in the collection of payment, modification of loan structures, and other workout related activities for loans managed by the Special Assets Department
• Responsible for collecting and analyzing financial reports to determine a deeper understanding of credit risk associated with assigned credits, and recommend action plans for resolving the same
• Aid with ensuring the most cost-effective approach to liquidation and recovery by working extensively with outside counsel, auctioneers, appraisers, landlords, and other third parties
• Perform portfolio-wide audits/internal reviews in order to proactively uncover potential risks
• Verify accuracy of charge-offs and risk ratings for compliance with regulations
• Prepare Purchase Demand Kit(s), CPC Expense Requests, Litigation plans, Wrap Up reports, and other documentation packages as required for submission to the SBA
• Prepare internal bank reports related to delinquency and work-out
• Maintain proper administration of the Special Assets module within the PCFS Loan Manager and/or nCino
• Work directly with the SBA and bank counsel to handle any issues related to the protection and honoring of the guaranty
• Analyze and identify impairments/write downs, as well as required adjustments to risk ratings to maintain compliance with internal and external regulations
• Assist with preparation of internal reports related to delinquency, work-out, resolutions, and recoveries of adversely rated credits
• Assist with workout of non-SBA loans as needed
• Perform other duties as assigned

Benefits

• Medical, Dental, and Vision Insurance for Full-Time employees - Eligibility begins on day one of employment
• 401(k) Retirement Plan with Generous Match for Full-Time and Part-Time employees - Eligibility begins on day one of employment
• Professional Development Reimbursement
• At Least 3 Weeks Paid Vacation Annually - For New Employees, Paid Vacation is Adjusted Based on Start Date
• Eleven Paid Holidays
• Paid Volunteer Time
• Annual First Internet Bank-branded merchandise allowance

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed
• Number of Employees: 251-500 employees