Special Assets Officer

Tri Counties Bank•Roseville, CA

About The Position

The Special Assets Officer manages relationships and resolution strategies for the Bank’s problem loan portfolio, including collection, restructuring, and liquidation activities. The role evaluates credit risk and borrower performance to develop workout solutions that maximize recovery while complying with regulatory requirements and Bank policies. The Officer collaborates with internal teams and external stakeholders to resolve credit issues and mitigate potential losses. The position also carries responsibility for maintaining awareness of applicable banking laws, regulations, internal policies, and procedures, and complying with them. Managers and supervisors are responsible for creating an environment in which employees are held accountable for these obligations. Tri Counties Bank is a California bank established in 1975 and a wholly-owned subsidiary of TriCo Bancshares. It serves individuals and businesses through more than 75 locations, mobile and online banking, and access to approximately 40,000 surcharge-free ATMs. The Bank emphasizes local service and decision-making, community engagement, philanthropy, and employee volunteerism.

Requirements

High school diploma or GED required.
3–5 years of basic to intermediate experience in special assets, commercial lending, or a related credit function.
Ability to analyze personal and business financial statements and interpret credit risk indicators.
Knowledge of secured and unsecured lending practices, loan documentation, and regulatory requirements.
Basic understanding of current bankruptcy laws pertaining to Chapters 13, 12, 11, and 7.
Ability to understand real estate and personal property appraisals and valuation methodologies.
Effective written, verbal, and interpersonal communication skills for borrower and stakeholder interactions.
Ability to manage time effectively and work independently while handling a portfolio of simple to moderately complex loans.

Nice To Haves

Bachelor’s degree in Finance, Business Administration, Accounting, or a related discipline.

Responsibilities

Analyze higher-risk loan portfolios to identify financial, collateral, structural, and legal risks and recommend workout strategies.
Develop and negotiate restructuring and collection strategies with borrowers to maximize recovery outcomes.
Analyze borrower financial statements, collateral, and loan documentation to assess repayment ability and identify deficiencies.
Monitor borrower performance and workout plans to support timely repayment and address issues proactively.
Coordinate with internal departments, legal counsel, and external advisors on workout, litigation, and restructuring activities.
Direct liquidation activities, including foreclosure processes and disposition of collateral assets when necessary.
Identify and report credit risk changes, including risk ratings, nonaccrual status, and troubled debt restructures (TDRs).
Ensure compliance with Bank policies, regulatory requirements, and applicable federal and state laws.
Maintain current awareness of appropriate banking laws, regulations, internal policies, and procedures, and comply with them.