Special Assets Manager Denver, CO

First Western Trust•Denver, CO

49d•$108,000 - $173,000

About The Position

First Western is seeking a Special Assets Manager to join our team! Are you looking for a challenging and rewarding opportunity? First Western is seeking a passionate and experienced professional to join our team. As a Special Assets Manager at First Western, you will play a vital role in helping high-net-worth clients achieve their financial goals. You will work closely with our Credit Administration team to deliverhensive solutions that exceed client expectations. If you are passionate about providing exceptional service to clients and are looking for a challenging and rewarding opportunity, we encourage you to for this position today.

Requirements

Credit analysis skills
Knowledge of loan accounting
Understanding of loan workout liquidation policies and procedures
Good negotiation andmunication skills (verbal and written)
Thorough knowledge of loan documentation and other legal documents
Knowledge of legal and bankruptcy concepts
Accurate keyboarding skills, strong Microsoft skills
Bachelor's Degree Business, Finance, Accounting, Economics, or a related field Required
7-10 years Experience in consumer andmercial loan workout, collection, and recovery Required

Responsibilities

Analyzes and executes actions on assigned problem loans and determines the most efficient and effective method for maximizing financial recovery.
Identifies and pursues loan workout strategies for problem loans and provides effectivemunication to management on rmendations and actions.
Evaluates borrower's ability to resolve problem loan, negotiates forbearance and settlement agreements, restructuring of credit and repayment terms with clients, and attorneys to secure appropriate workout arrangements.
Maintains regularmunication with PLC, senior members of bank management, and credit administration while preparing PLC packets for distribution.
Manages delinquent loan payments and works with PC's for resolution.
Issues default and demand letters, monitors adnce to terms of workout agreements, and initiates appropriate collection activities.
Conducts site inspections, evaluates, protects, and disposes of collateral.
Preparing PLC and collateral value assessment and analysis memos for designated problem loans.
Evaluates collateral position to better secure loan and establish recourse to other borrower assets against the possibility of charge off.
Act as Liaison between the Credit department and Finance on matters effective problem loans.
Must have ability to identify when needed and conduct ASC analysis.