SPECIAL ASSETS OFFICER

Whitaker Bank Corp of Kentucky•Lexington, KY

11h•Hybrid

About The Position

The position of Special Assets Officer provides loan workout and collection activities across all business lending lines. The primary objective is loss mitigation through active credit collection activity, appropriate workout strategy and resolution. In addition, the position provides support to other Officers and team members involved in collection activities. The Special Assets Portfolio Manager also assists in management of the Bank’s Other Real Estate Owned properties. Works with Special Assets to ensure compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations.

Requirements

Minimum 3 years commercial lending or commercial workout experience.
Associate’s degree (AA) or equivalent from a 4-Year college or technical school; or 5 year of related experience and/or training; or the equivalent combination of education and experience.
Knowledge of related state and federal banking compliance regulations, and other Bank operational policies.
Intermediate skills in computer terminal and personal computer operation; mainframe computer system; and word processing, spreadsheet and graphical software programs.
Effective verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and speak clearly to customers and employees.
Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations.
Effective organizational and time management skills.
Ability to work with minimal supervision while performing duties.
Current driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.

Responsibilities

Responsible for active management of criticized, classified or delinquent credits.
Capable of applying credit officer, asset management and risk management principals.
Manage portfolio of collateralized assets.
Evaluate financial information, collateral, legal documents and available information to project probable exposure to loss and recommended workout strategy.
Often serve as primary contact with in-house and outside counsel in workout and collection case management. Experience and knowledge around legal documents, loan covenants and loan agreements.
Calls on delinquent loan customers to get payments or set up an updated payment plan.
Provide reporting on Special Assets portfolio.
Assists in management of the Bank’s Other Real Estate Loan Portfolio of properties.
Composes, prepares and issues correspondence such as internal memorandums and letters to customers or contractors.
Provides effective customer service and assists in resolving problems within given authority.
Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions. Works collaboratively with Bank leadership and team
Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
Follows policies and procedures; completes administrative tasks correctly and on time; supports the Bank’s goals and values; benefits the bank through outside activities.
Performs the position safely, without endangering the health or safety to themselves or others, and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.