Special Assets Officer

Investar Bank National As • Lafayette, LA

3d

About The Position

The Special Assets Officer manages the resolution of assigned non-accrual, workout, litigation, and/or bankruptcy credits, including OREO, that are moderate to large in size and complexity. The role collaborates across the Bank with senior management, external legal counsel, and other professionals, and works with borrowers toward prompt resolutions while avoiding losses to the Bank.

The position develops and recommends strategies for resolving problem loans, analyzes borrower financial information and lending terms, advises lenders and credit officers, and provides timely account reporting and risk assessments. It also ensures that assigned work complies with applicable laws, regulations, policies, and guidelines.

Requirements

• Bachelor’s degree.
• 5+ years in a Workouts/Special Assets capacity within the banking or finance industry.
• Thorough knowledge of secured lending workout solutions, including CRE.
• Thorough knowledge of current bankruptcy and litigation law.
• Strong negotiation, motivation, problem-solving, and conflict-resolution skills.
• Moderate working knowledge of lending functions, including pricing, restructuring, documentation, negotiation, and extension of credit related to distressed loans.
• Strong due diligence skills, including the ability to analyze other companies, their financial information, and operations.
• Sound decision-making skills and a proven ability to manage customer and internal relationships.
• Moderate working knowledge of equipment and collateral values and liquidation processes, including CRE.
• Ability to use independent judgment on accounts and relationships of moderate size and complexity.
• Ability to work independently with minimal day-to-day supervision and prioritize work and meet deadlines.
• Good oral and written communication skills.
• Ability to work under stress and meet deadlines.
• Ability to operate a keyboard if required to perform essential job functions.
• Ability to read and interpret a document.
• Ability to travel if required to perform essential job functions.
• Ability to lift, move, or carry approximately 20 pounds if required to perform essential job functions, subject to the stated accommodation provision.

Responsibilities

• Develop solutions and negotiate account restructures, bankruptcies, accounts in litigation, repossessions and foreclosures, collateral sales, and deficiency arrangements on problem loans throughout the resolution process, including OREO.
• Formulate and recommend workout strategies and plans that maximize financial recovery and seek to return nonaccrual loans to performing status.
• Analyze financial statements, pricing, and contract structures to make or recommend account modifications that improve collection opportunities.
• Consult with Lenders and Credit Officers on potential problem credits, including risk ratings and strategies, as needed.
• Provide accurate and timely reporting to Bank management on managed accounts.
• Accurately risk-rate assigned accounts and assess accrual status and specific reserves on a timely basis.
• Develop and help maintain relationships with outside collection agencies, attorneys, and other professionals.
• Ensure work complies with applicable laws, regulations, policies, and guidelines, including producing FASB 114 reporting on a timely basis.
• Perform other duties as assigned.

What This Job Offers

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