SVP/Collections and Special Assets Management

Bank of Clarke • Winchester, VA

3d

About The Position

Position Purpose: The Senior Vice President (SVP) of Collections and Special Assets Management is a key senior leadership role responsible for overseeing all aspects of collections, recovery, and management of special assets within the financial institution. This individual leads strategy, policy development, and operational execution to optimize asset recovery, minimize credit losses, and maintain the overall financial health of the organization's loan and asset portfolio. This role serves as a senior advisor to executive management, providing insights and recommendations in line with regulatory compliance, risk mitigation, and long-term organizational growth. What you’ll do: Strategic Leadership Develop and implement strategies for collections and special assets. Align departmental goals with organizational objectives. Lead a high-performing team with a focus on accountability and continuous improvement. Asset Recovery & Management Oversee collections of delinquent accounts and restructuring of troubled credits. Manage disposition of special assets including NPLs, foreclosed properties, and repossessed collateral. Supervise valuation, impairment analysis, and timely disposition of non-performing assets. Policy & Compliance Create and update policies and procedures for collections and special assets. Ensure compliance with laws, regulations, and internal risk standards. Coordinate with legal and compliance teams to minimize legal exposure. Represent the organization in audits, regulatory exams, and external reporting. Portfolio Analysis & Reporting Monitor performance metrics and analyze portfolio trends. Prepare executive-level reports on collections, recoveries, and reserves. Develop early warning systems for credit deterioration. Establish and track KPIs for collections and asset recovery. Team Development & Training Recruit, mentor, and train collections and asset management staff. Provide ongoing training to ensure adherence to best practices and regulatory standards. Act as escalation point for complex or high-value recovery cases. Stakeholder Engagement Collaborate with senior leaders across Credit Risk, Lending, Legal, and Operations. Ensure seamless integration of collections and asset management strategies. Vendor & Third-Party Management Manage relationships with external vendors (e.g., collection agencies, law firms, appraisers, auctioneers). Maximize asset recovery and control costs. Special Projects Lead or support M&A due diligence, portfolio sales, stress testing, and crisis response to credit events. Drive innovation in recovery strategies using technology, automation, and analytics.

Requirements

• Education: Bachelor’s degree in finance, Business Administration, Accounting, or related field required.
• Experience: Minimum 10 years’ progressively responsible experience in collections, credit risk management, special assets, or related banking/financial services roles, with at least 5 years in a senior leadership capacity.
• Technical Skills: Deep understanding of credit risk, collections operations, asset recovery, litigation processes, and regulatory frameworks governing special assets and distressed debt.
• Leadership: Demonstrated ability to lead teams, manage change, and drive strategic initiatives across matrixed organizations.
• Analytical Skills: Strong analytical mindset with proficiency in portfolio analytics, financial modeling, and root cause analysis.
• Communication: Excellent written and verbal communication skills, with proven experience presenting to board level executives and regulatory agencies.
• Integrity: High ethical standards and commitment to upholding the reputation and trustworthiness of the institution.

Nice To Haves

• Master’s degree or advanced certifications (e.g., CPA, CFA, CFE) strongly preferred.

Responsibilities

• Strategic Leadership Develop and implement strategies for collections and special assets.
• Align departmental goals with organizational objectives.
• Lead a high-performing team with a focus on accountability and continuous improvement.
• Asset Recovery & Management Oversee collections of delinquent accounts and restructuring of troubled credits.
• Manage disposition of special assets including NPLs, foreclosed properties, and repossessed collateral.
• Supervise valuation, impairment analysis, and timely disposition of non-performing assets.
• Policy & Compliance Create and update policies and procedures for collections and special assets.
• Ensure compliance with laws, regulations, and internal risk standards.
• Coordinate with legal and compliance teams to minimize legal exposure.
• Represent the organization in audits, regulatory exams, and external reporting.
• Portfolio Analysis & Reporting Monitor performance metrics and analyze portfolio trends.
• Prepare executive-level reports on collections, recoveries, and reserves.
• Develop early warning systems for credit deterioration.
• Establish and track KPIs for collections and asset recovery.
• Team Development & Training Recruit, mentor, and train collections and asset management staff.
• Provide ongoing training to ensure adherence to best practices and regulatory standards.
• Act as escalation point for complex or high-value recovery cases.
• Stakeholder Engagement Collaborate with senior leaders across Credit Risk, Lending, Legal, and Operations.
• Ensure seamless integration of collections and asset management strategies.
• Vendor & Third-Party Management Manage relationships with external vendors (e.g., collection agencies, law firms, appraisers, auctioneers).
• Maximize asset recovery and control costs.
• Special Projects Lead or support M&A due diligence, portfolio sales, stress testing, and crisis response to credit events.
• Drive innovation in recovery strategies using technology, automation, and analytics.

Benefits

• Offering a full suite of benefits including medical, life, dental, and vision insurance plus generous paid time off.
• Supporting associates and their families; we embrace the importance of caring for oneself and our families.
• Surrounding ourselves with smart, driven, and diverse individuals.
• Valuing integrity, commitment regarding our daily duties, and the Bank as a whole.
• Supporting local philanthropic, cultural, and artistic initiatives and organizations that our employees’ value.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 101-250 employees