Special Assets Officer

b1BANK • Lafayette, LA

2d

About The Position

The Special Assets Officer is responsible for all aspects of administering a portfolio of troubled assets, including loans, Other Real Estate Owned and Other Assets.

Requirements

• Bachelor’s degree in business, finance or related field required.
• Three (3) to five (5) years experience in a commercial banking setting required.
• Proficiency in Microsoft Office.
• Knowledge of commercial lending policies and procedures including state and federal regulations.
• Strong organizational and interpersonal communication skills.
• Excellent oral and written communication skills to effectively communicate with internal staff and bank examiners.
• Strong financial and analytical skills.

Nice To Haves

• Prior experience in Government Guaranteed/SBA lending preferred.
• Prior experience in commercial collections, especially commercial real estate, preferred.

Responsibilities

• Interface with clients in troubled loan situations in order to resolve the loan either by upgrade to satisfactory status or otherwise to liquidation.
• Manage loan portfolio in regulatory and bank policy compliance regarding appraisal requirements, financial statements, loan documentation, loan classification, etc.
• Communicate with and manage attorney relationships in the context of problem loan administration. This would include litigious situations including foreclosure, bankruptcy, countersuits, etc.
• Communicate complex loan approvals, denials or resolution plans to the borrower.
• Prepare and present loan packages to loan committee.
• Administer the portfolio with conscious regard to potential legal counterclaims.
• Formulate timely recommendations on proper loan classifications, chargeoffs and other credit administration issues.
• Prepare complete, thorough reports to management and bank examiners on the status of the portfolio and status of action plans relative to the portfolio.

What This Job Offers

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