Special Assets Specialist

Equity Bank•Wichita, KS

8d•Onsite

About The Position

Jump start your career at Equity Bank! We are currently hiring energetic, team oriented, and community focused individuals to join our team! With a team of best-in-class customer service experts, you'll help to build and expand on client relationships, deliver the banking products and services that meet the unique and individual needs of clients, and create and uphold an atmosphere of superior experience and service. At Equity Bank we’ll help you invest in your community through volunteer opportunities which align with our company initiatives and core values. Reporting to the Special Assets Department Lead and VP Director of Special Assets / Senior Credit Officer, the Special Assets Specialist is responsible for internal controls reporting, designated repossession processes and repossession reporting, and a periodic review of classified loans to ensure appropriate accrual status and risk ratings are in place. Responsibilities include: 1. Reporting Provide senior management with monthly reports to ensure compliance with the bank’s SOX controls, including: Charge-Offs of $10,00 & Greater Loans moved to Accrual status on relationships of $250,000 & Greater Loans from to Non-Accrual status on relationships of $250,000 & Greater Monthly compilation of all Charge-Offs and review of specific Charge-Off forms to confirm proper authorization has been obtained 1. Repossession Process Prepare transfer forms, moving repossessed assets to the bank’s Other Asset General Ledger account Monitor and track the repossession process and provide monthly reporting on each repossession stage, including: Repossession DAYS Origin of Region and Lender Charge-Off done at Transfer to Other Assets DAYS to sell Gain / Loss in the Other Assets Account Overall COST or BENEFIT of the repossession 3. Credit Administration Process total loss insurance claims Perform periodic reviews of classified loans to confirm the appropriate accrual status and risk rating are in place and if not, propose the needed change(s) Work in conjunction with the Director of Special Assets to assist in the development of action plans and strategies on problem credits 4. Regulatory Keep current on all banking laws and regulations Perform other duties as assigned or required

Requirements

Internal controls reporting
Designated repossession processes and repossession reporting
Periodic review of classified loans to ensure appropriate accrual status and risk ratings are in place
Compliance with the bank’s SOX controls
Compilation of all Charge-Offs and review of specific Charge-Off forms
Preparation of transfer forms for repossessed assets
Monitoring and tracking of the repossession process
Processing total loss insurance claims
Performing periodic reviews of classified loans
Assisting in the development of action plans and strategies on problem credits
Keeping current on all banking laws and regulations

Nice To Haves

Energetic, team oriented, and community focused individuals
Best-in-class customer service experts
Individuals passionate about serving others, learning new technologies, and working as part of a team.

Responsibilities

Provide senior management with monthly reports to ensure compliance with the bank’s SOX controls, including Charge-Offs of $10,000 & Greater, Loans moved to Accrual status on relationships of $250,000 & Greater, and Loans from to Non-Accrual status on relationships of $250,000 & Greater.
Monthly compilation of all Charge-Offs and review of specific Charge-Off forms to confirm proper authorization has been obtained.
Prepare transfer forms, moving repossessed assets to the bank’s Other Asset General Ledger account.
Monitor and track the repossession process and provide monthly reporting on each repossession stage, including Repossession DAYS, Origin of Region and Lender, Charge-Off done at Transfer to Other Assets, DAYS to sell, Gain / Loss in the Other Assets Account, and Overall COST or BENEFIT of the repossession.
Process total loss insurance claims.
Perform periodic reviews of classified loans to confirm the appropriate accrual status and risk rating are in place and if not, propose the needed change(s).
Work in conjunction with the Director of Special Assets to assist in the development of action plans and strategies on problem credits.
Keep current on all banking laws and regulations.
Perform other duties as assigned or required.