Special Assets Officer

Tri Counties Bank • Roseville, CA

8d • $93,000 - $115,000

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 meeting regulatory requirements and Bank policies. It collaborates with internal teams and external stakeholders to resolve credit issues and mitigate potential losses.

The position requires a high school diploma or GED. A bachelor's degree in Finance, Business Administration, Accounting, or a related discipline is preferred. The hiring range is $93,000 to $115,000 annual salary, with incentive opportunities. Compensation may be modified by location and is commensurate with qualifications and experience.

Tri Counties Bank emphasizes compliance with applicable banking laws, regulations, internal policies, and procedures. Employees are responsible for maintaining current awareness and understanding of these requirements; managers and supervisors are responsible for holding their employees accountable.

Requirements

• High school diploma or GED.
• 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 ensure timely repayment and proactively address issues.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED