Special Assets Officer

THIRD COAST BANK • University Park, TX

6h • Onsite

About The Position

The Special Assets Officer manages, restructures, and resolves criticized, classified, and nonperforming commercial loans, with an emphasis on community banking relationships, small-business credits, and SBA-guaranteed loans. This hands-on role evaluates troubled borrowers, develops workout strategies, protects collateral and guarantor positions, and maximizes recoveries while minimizing potential losses to the Bank.

The position assesses and resolves problem loans in existing and acquired portfolios, working closely with the Chief Credit Officer, lending teams, Credit Administration, and outside legal counsel. It is a full-time, exempt position with typical hours Monday through Friday, 8:00 a.m. to 5:00 p.m. Some travel may be required. The work is performed in a professional office environment.

Requirements

• 10 or more years of commercial banking or related credit experience, including significant direct experience managing troubled loans, special assets, and commercial loan workouts.
• Strong background in community or regional banking, with demonstrated experience handling small- to middle-market commercial credit relationships.
• Demonstrated ability to independently manage problem loan relationships from initial assessment through final resolution.
• Strong knowledge of commercial loan documentation, collateral valuation, lien perfection, bankruptcy, foreclosure, collections, and legal recovery strategies.
• Experience with criticized and classified loans, nonaccrual treatment, charge-offs, and collateral-dependent credit analysis.
• Sound credit judgment and ability to balance practical borrower solutions with the Bank's risk and recovery objectives.
• Strong negotiation, analytical, organizational, and written communication skills.
• Ability to manage multiple problem relationships, prioritize urgent matters, and deliver results with limited supervision.
• Bachelor's degree in Finance, Accounting, Business Administration, or a related field preferred; equivalent relevant experience considered.

Nice To Haves

• Direct, hands-on experience with SBA 7(a) loan servicing, liquidation, guaranty purchase procedures, and resolution of defaulted SBA loans.
• Experience evaluating acquired loan portfolios and resolving inherited credit issues.
• Bachelor's degree in Finance, Accounting, Business Administration, or a related field; equivalent relevant experience is considered.

Responsibilities

• Independently manage a portfolio of criticized, classified, and nonperforming commercial loans, including C&I, small-business, SBA-guaranteed, and commercial real estate credits.
• Evaluate troubled borrower relationships and develop, recommend, and execute workout strategies, including restructurings, renewals, forbearance agreements, settlements, collateral liquidation, foreclosure, and other recovery alternatives.
• Manage servicing, collection, and liquidation of SBA 7(a) and other government-guaranteed loans, ensuring compliance with applicable SBA requirements and protecting the Bank's guaranty rights.
• Prepare and coordinate SBA guaranty purchase requests, liquidation plans, supporting documentation, and related reporting; identify and address potential guaranty repair or denial exposure.
• Evaluate loan documentation, collateral positions, lien perfection, guarantor obligations, and other factors affecting repayment and recovery.
• Negotiate with borrowers, guarantors, attorneys, and other stakeholders to achieve timely and economically sound resolutions.
• Coordinate legal proceedings, including bankruptcy, foreclosure, receivership, litigation, and deficiency recovery, with internal and external counsel.
• Review problem loans in acquired portfolios, identify documentation deficiencies and potential credit exposure, and recommend remediation and resolution strategies.
• Analyze borrower cash flow, collateral values, liquidation alternatives, and potential recovery scenarios to support credit decisions and loss mitigation.
• Monitor delinquency trends, criticized and classified assets, nonaccrual loans, and other indicators of emerging credit deterioration.
• Recommend risk ratings, nonaccrual treatment, charge-offs, and reserve considerations in coordination with Credit Administration and Bank policies.
• Prepare timely workout action plans, credit memoranda, recovery estimates, and management reports for the Chief Credit Officer and appropriate credit committees.
• Coordinate with relationship managers and portfolio managers to identify emerging problem credits and facilitate timely transitions to Special Assets when appropriate.
• Manage outside professionals, including legal counsel, appraisers, brokers, collateral specialists, and liquidation vendors, while monitoring resolution costs and recovery effectiveness.
• Participate in Special Assets Committee meetings and other credit discussions as appropriate.
• Ensure workout and recovery activities comply with applicable banking regulations, SBA requirements, and Bank policies.
• Perform other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior