Special Assets Officer I

BOK Financial•Tulsa, OK

3d•Onsite

About The Position

The Special Assets Officer I manages, analyzes, and reviews troubled commercial loans across specialty and general lending lines. The role works to secure loans through collateral, equity, or other borrower assets; preserve loan principal; collect interest where possible; and prevent charge-offs. Responsibilities may include negotiating repayment structures with customers, initiating litigation when necessary, inspecting properties, and marketing properties for sale. The position may also provide administrative support to the Special Assets department and contribute to departmental efficiency. The role includes training to become capable of commercial loan underwriting across every lending area in the bank.

Requirements

Bachelor’s degree in Finance, Accounting, or a business-related field, normally acquired for this level; minimum of 9 accounting hours is preferred.
Minimum of one year of commercial banking analysis experience.
Solid understanding of accounting principles and procedures.
Solid understanding of commercial credit analysis.
Solid understanding of loan documentation and lien perfection requirements.
Solid understanding of litigation processes in county, state, and federal systems.
Strong Excel and Word experience.
Ability to use Salesforce platforms, including INC.
Well-developed oral and written communication skills to represent oneself and BOKF effectively and present complex information and issues clearly and concisely.
Developing conceptual thinking and analytical skills, including the ability to analyze complex problems involving interrelationships and dependencies and identify common themes and solutions.
Strong organizational skills.

Nice To Haves

A minimum of 9 accounting hours is preferred.

Responsibilities

Analyze and review troubled commercial loans from specialty and general lending lines.
Work to secure loans through collateral, equity, or other borrower assets and preserve loan principal, collect interest where possible, and prevent charge-offs.
Negotiate payment structures with customers to ensure loan repayment.
Initiate litigation when necessary.
Inspect properties and market properties for sale.
Provide administrative support to the Special Assets department as needed.
Underwrite commercial loans across every lending area in the bank after training.
Analyze and create reports and forms supporting Special Assets staff on loans across varying dollar exposures and lending areas.
Review internal department requests and determine efficient ways to complete tasks accurately and within deadlines.
Collaborate with other Special Assets officers to create and execute strategies to mitigate risk and loss.
Create critical and classified asset tracking to support the Special Assets advisory function and migration of troubled credit.
Assist in acquiring resources to help Special Assets Officers understand inherited file weaknesses.