AVP Special Assets

About the role

Reporting to the Chief Lending Officer, the AVP of Special Assets manages troubled and higher-risk commercial loans after they are transferred to Special Assets. The role works directly with borrowers and guarantors to develop practical plans to restore repayment when possible, restructure loans when appropriate, or recover as much as reasonably possible through collateral or legal remedies. The position also monitors credit risk, keeps leadership informed, and works closely with Commercial Lending, Credit Administration, Finance/Accounting, Legal Counsel, and Compliance to protect the Credit Union and support safe and sound lending.

Responsibilities

• Manage assigned problem commercial loans, including criticized/classified, individually evaluated loans, delinquent, nonaccrual, modified, and other higher-risk credits, from transfer to Special Assets through final resolution.
• Monitor for changes in payment performance, financial condition, covenant compliance, collateral, bankruptcy, litigation, or other issues that increase risk, and adjust the action plan as needed.
• Analyze borrower and guarantor financial information, repayment ability, cash flow, collateral, and other sources of support; recommend appropriate risk ratings and escalate material deterioration.
• Exercise delegated authority within approved limits and obtain the appropriate approval for modifications, settlements, charge-offs, collateral releases, legal actions, and other material workout decisions.
• Own and document the resolution strategy for assigned loans, including repayment sources, required actions, borrower and guarantor communication, responsible parties, approvals, milestones, deadlines, and target resolution dates.
• Periodically evaluate and adjust the strategy based on performance, risk, cost, and expected recovery.
• Monitor workout and acquired-property expenses, protective advances, environmental exposure, vendor performance, and disposition timelines.
• Verify the accuracy of loan-system coding and regulatory reporting for assigned credits.
• Make recommendations on nonaccrual status, return to accrual, charge-offs, and recoveries.
• Provide Finance/Accounting and Credit Administration with current information needed for CECL and allowance estimates.
• Maintain the commercial watch list and provide clear, timely reporting on problem loans, risk changes, losses, recoveries, collateral shortfalls, and progress toward resolution.
• Protect the Credit Union’s collateral position by coordinating appraisals or evaluations, inspections, lien and title work, insurance, taxes, and other needed collateral-protection steps.
• Work with Legal Counsel on bankruptcy, foreclosure, repossession, settlements, guarantor enforcement, collateral liquidation, and other legal remedies when needed.
• Manage acquired commercial real estate or other collateral, including appropriate exit strategies, carrying costs, insurance, taxes, maintenance, environmental exposure, valuation, and disposition timelines.
• Coordinate and oversee outside professionals such as attorneys, appraisers, brokers, receivers, auctioneers, or property managers when applicable.
• Present problem credits and recommendations to the Loss Mitigation Committee and other leadership groups as needed; support audits, loan reviews, and examinations and maintain clear files supporting material decisions.
• Follow Credit Union policy, delegated authority, applicable accounting requirements, and federal and New Mexico laws and regulations.
• Escalate suspected fraud, compliance concerns, or other significant issues and recommend improvements based on lessons learned.
• Protect confidential information and follow applicable privacy, information-security, records-retention, and access-control requirements.
• Complete required compliance, safety, security, and job-specific training within established timeframes.

Requirements

• Education or experience equivalent to a bachelor’s degree in Finance, Accounting, Business Administration, Economics, or a related field.
• A minimum of seven (7) years of progressively responsible experience in commercial lending, commercial credit analysis, credit administration, special assets, loan workouts, commercial collections, or a related commercial banking or credit union function.
• Supervisory/leadership experience is preferred but not required.

Skills

• Advanced knowledge of commercial lending, credit analysis, credit administration, loan documentation, collections, and problem-loan resolution.
• Ability to analyze commercial financial statements, tax returns, cash flow, repayment capacity, leverage, liquidity, collateral coverage, borrowing bases, and guarantor strength.
• Practical knowledge of commercial risk ratings, nonaccrual treatment, CECL/allowance concepts, collateral evaluation, and the documentation needed to support credit decisions.
• Working knowledge of bankruptcy, foreclosure, repossession, collateral liquidation, guarantor enforcement, and settlements, including knowing when legal counsel is needed.
• Excellent negotiation, judgment, and problem-solving skills, with the ability to balance rehabilitation opportunities against loss exposure, time, cost, and likelihood of recovery.
• Excellent written, verbal, and presentation skills, including the ability to explain complex credit issues clearly to borrowers, management, committees, auditors, counsel, and regulators.
• Strong organization and project-management skills with the ability to manage multiple complex credits, vendors, legal matters, deadlines, and competing priorities.
• Proficiency with Microsoft Office and commercial lending/servicing systems, along with sound judgment, discretion, professionalism, and integrity.
• Demonstrated experience analyzing and resolving criticized or classified commercial credits, including commercial real estate and/or commercial and industrial loans.
• Experience with loan modifications, nonaccrual credits, collateral-dependent loans, bankruptcy, foreclosure, collateral liquidation, or legal workout strategies is preferred.
• Leadership, project-management, or committee-presentation experience is also preferred.

Pay

Exempt; targeted annual salary $102,856.00 – $128,564.80.