Special Assets Officer II

First Interstate • Denver, CO

8d • $91,300 - $150,700

About The Position

The Special Assets Officer II manages an assigned portfolio of problem assets focusing on the restructuring, rehabilitation, prompt collection, and liquidation of assets. This position will be responsible for managing credit relationships within the Special Asset Group (SAG).

Requirements

• Ability to read, analyze, and interpret documents.
• Ability to respond effectively to sensitive inquiries or complaints.
• Ability to effectively communicate both orally and in writing with a diverse audience.
• Strong negotiation skills along with strong technical writing.
• Financial, credit, and collateral analysis skills.
• Working knowledge on foreclosure processes and bankruptcy laws.
• Ability to independently analyze and resolve problems involving credit relationships.
• Capable of establishing effective recovery plans which limit loss exposure.
• Ability to deal with complex problems, protect the Bank’s interests, and resolve problem credit relationships within a reasonable timeframe.
• Proven ability to work independently.
• Bachelor's Degree in Accounting, Finance, or related field required
• 1-3 years related experience, training, and/or equivalent combination of education and experience required

Nice To Haves

• Commercial and/or agricultural credit experience preferred

Responsibilities

• Manages, rehabilitates, and/or dispositions of all assigned assets.
• Establishes workout strategies and goals for assigned credits.
• Prepares comprehensive quarterly Problem Loan Reports.
• Negotiates with borrowers regarding restructuring, collection, and enforcement activities.
• Works with inside and outside legal counsels and third parties in resolving problems.
• Assigns risk ratings, potential loss exposures, and accrual statuses on managed portfolios.
• Communicates with assigned clients and documents on the credit file.
• Approves credit requests and charge-offs within the assigned lending limit.
• Maintains compliance with all state and federal banking laws and regulations and internal lending policies and procedures.

Benefits

• Generous Paid Time Off (PTO) in addition to paid federal holidays.
• Student debt employer repayment program.
• 401(k) retirement plan with a 6% match.
• medical, dental, vision, short- term and long-term disability benefits and life insurance, flexible spending accounts, health savings account, employee assistance program, 401(k), Paid Time Off (new hires accrue at .069 per hours worked which equates to approximately 18 days per year inclusive of paid sick time) and up to 11 paid Federal holidays.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees