Special Assets Lending Specialist

Rockland Trust•Brockton, MA

13d•$30 - $37

About The Position

The Special Assets Lending Specialist provides administrative, operational, and portfolio management support to the Bank's Special Assets Group. This position serves as a key resource for Special Assets Officers by assisting with account monitoring, reporting, documentation management, loan servicing activities, expense tracking, and portfolio administration for adversely graded, criticized, classified, and other higher-risk commercial credit relationships. The Special Assets Lending Specialist acts as a liaison between Special Assets, Commercial Loan Operations, Credit Administration, Documentation, attorneys, borrowers, and other internal business partners to ensure accurate recordkeeping, timely information flow, and adherence to Bank procedures and regulatory requirements. This role is primarily focused on portfolio administration, loan servicing support, monitoring, reporting, and documentation tracking. The position does not have direct responsibility for workout negotiations, restructuring strategies, relationship management, or borrower resolution plans.

Requirements

Bachelors Degree preferred
2-5 years of experience in commercial banking, credit administration, loan operations, commercial loan servicing, Special Assets, collections, or related financial services.
Working knowledge of commercial loan documentation and collateral administration.
Strong organizational skills with the ability to manage multiple priorities and deadlines simultaneously.
Excellent attention to detail and accuracy.
Strong written and verbal communication skills.
Proficiency with Microsoft Office Suite, particularly Excel, Word, and Outlook.
Experience with commercial loan origination, servicing, document imaging, or portfolio management systems preferred.
Ability to collect, organize, track, and maintain borrower and loan documentation in support of portfolio monitoring activities.
Ability to maintain confidentiality and handle sensitive customer and portfolio information appropriately.
Self-motivated with the ability to work independently and collaboratively in a team environment.
Familiarity with criticized asset management, loan modifications, and commercial credit administration preferred.

Nice To Haves

Bachelors Degree
Experience with commercial loan origination, servicing, document imaging, or portfolio management systems
Familiarity with criticized asset management, loan modifications, and commercial credit administration

Responsibilities

Provide administrative and operational support to the Special Assets Group in managing criticized, classified, and other higher-risk commercial credit relationships.
Act as a liaison between Relationship Managers, Special Assets Officers, Loan Operations, Credit Administration, Documentation, attorneys, borrowers, and other internal departments.
Assist with gathering, organizing, and maintaining borrower financial information, collateral documentation, guarantor information, and other credit-related materials.
Manage the transfer of customer files and information from Relationship Managers to Special Assets team, including the complete and accurate customer and loan files.
Coordinate the preparation, tracking, and processing of loan modifications, renewals, extensions, forbearance agreements, and other Special Assets documentation.
Order and track appraisals, flood determinations, environmental reports, insurance certificates, and other required third-party documentation.
Monitor documentation exceptions and deficiencies and assist in obtaining outstanding items.
Process loan payments, advances, payoffs, fee transactions, account maintenance requests, and other loan servicing activities.
Maintain customer files, department files, databases, tracking systems, and portfolio management reporting.
Assist with internal audits, regulatory examinations, and compliance reviews.
Support monthly, quarterly, and annual reporting requirements for the Special Assets portfolio.
Develop and maintain a working knowledge of commercial loan documentation, loan servicing processes, Special Assets procedures, and operational requirements.
Monitor, manage and track the payment of third party invoices and expense allocations to customers.
Participate in special projects and process improvement initiatives.