Commercial Special Assets Officer
for section headings: e.g., About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. We must only include sections when posting has real specific content. We have Position Summary (could be "About the role"). Duties & Responsibilities -> "Responsibilities". Education & Experience -> could be "Qualifications" or "Requirements". Compensation And Benefits -> includes Pay range and Benefits; we can split into Pay and Benefits sections if content exists. The posting includes Base Pay Range: $103,000 - $134,000/year. Also mentions bonus eligibility. Benefits described. So we can have Pay section with salary range and bonus eligibility. Benefits section with list of benefits.
We must not repeat job title as heading. No Job ID. Remove boilerplate: Equal Opportunity, Unsolicited Resumes, etc. Also remove navigation/legal/EEO etc. So we keep only substantive content.
We need to use - for any list of duties/requirements/benefits. Use
for prose.
We must preserve all substantive information, not invent or summarize away detail. So we need to include all details from sections we keep.
Let's extract content:
Position Summary: "The Special Assets Officer is responsible for managing and monitoring a portfolio of complex commercial loans. Responsibilities include developing collection strategies, action plans, negotiating, and implementing plans to maximize the bank’s recovery."
We can put that as prose under About the role.
Duties & Responsibilities bullet list (though not bullet but sentences). We need to convert to list items.
List:
- Develop collection strategies and action plans for problematic loans.
- Prepare detailed analysis and provide recommendations of the collection and action plans.
- Negotiate with borrowers, attorneys, and companies to review and re-structure credit and repayment terms.
- Implement recovery plans that minimize risk and loss to the bank.
- Provide timely and accurate reporting to Special Assets Manager.
- Interact with the spectrum of commercial bank customers experience financial distress; displaying tact and persuasiveness.
- Interact frequently with lawyers and other outside professionals, both those retained by the Bank and those representing our debtors, setting and pursing the Bank’s agenda.
- Seek to minimize out-of-pocket legal and non-legal expenses from debtors whenever possible; maximizes loan recoveries and fee income.
- Ensure BSA Compliance.
We need to keep exactly as given; maybe minor punctuation.
Education & Experience: It's a block: "Knowledge Of Strong oral and written communication skillsCommercial, real estate, and consumer lending; particularly credit structure and loan policyComplex credits and strong knowledge of collateral valuation/liquidationRegulatory agencies, third party loan review, and internal/external auditorsLegal/regulatory requirements pertaining to banking and collectionsRegulatory guidelines regarding appraisal/re-appraisal and all other regulatory policies affecting classified/criticized assetsStrong negotiation skills Ability To Analyze credit and develop and negotiate repayment terms with companies and high net worth individualsWork independently and prioritize daily workflowAnalyze and solve problems for which there are not precedentsMaintain visual attention and mental concentration for extended periods of timePerform duties and make decisions under frequent time pressuresEducation and Training: Requires Bachelor’s degree in Accounting or Finance or equivalent experience. Requires formal credit training. Requires 5+ years of direct special assets experience. Pursuant to the Secure and Fair Enforcement for Mortgage Licensing Act (“SAFE Act”), all associates (if lending) are required to maintain current registration with the Nationwide Mortgage Licensing System & Registry (“NMLS”). If such registration is not active as of the hire date, the associate must immediately attain active registration upon employment. Personal Bankers who fail to maintain an active and current registration will be unable to lend and may be subject to disciplinary action, up to and including termination of employment. Requires knowledge of Microsoft Office."
We need to parse into Requirements/Qualifications. Could split into Knowledge, Ability, Education and Training. Use
- for list items.
Let's extract list items:
Knowledge:
- Strong oral and written communication skills
- Commercial, real estate, and consumer lending; particularly credit structure and loan policy
- Complex credits and strong knowledge of collateral valuation/liquidation
- Regulatory agencies, third party loan review, and internal/external auditors
- Legal/regulatory requirements pertaining to banking and collections
- Regulatory guidelines regarding appraisal/re-appraisal and all other regulatory policies affecting classified/criticized assets
- Strong negotiation skills
Ability To:
- Analyze credit and develop and negotiate repayment terms with companies and high net worth individuals
- Work independently and prioritize daily workflow
- Analyze and solve problems for which there are not precedents
- Maintain visual attention and mental concentration for extended periods of time
- Perform duties and make decisions under frequent time pressures
Education and Training:
- Requires Bachelor’s degree in Accounting or Finance or equivalent experience.
- Requires formal credit training.
- Requires 5+ years of direct special assets experience.
- Pursuant to the Secure and Fair Enforcement for Mortgage Licensing Act (“SAFE Act”), all associates (if lending) are required to maintain current registration with the Nationwide Mortgage Licensing System & Registry (“NMLS”). If such registration is not active as of the hire date, the associate must immediately attain active registration upon employment.
- Personal Bankers who fail to maintain an active and current registration will be unable to lend and may be subject to disciplinary action, up to and including termination of employment.
- Requires knowledge of Microsoft Office.
We could combine into Requirements section.
Compensation And Benefits: Contains:
"Compensation And Benefits Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance. (Base Pay Range: $103,000 - $134,000/year) Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being—now and in the years to come—are important to us. Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information."
We need Pay section: include base pay range and bonus eligibility.
Benefits section: list of benefits.
We must not include fluff like "Visit Busey Total Rewards for more information." That's maybe okay as prose but it's not a list; we can keep as prose.
We must not include boilerplate like Equal Opportunity etc. So we stop before that.
Now produce HTML fragment:
About the role
The Special Assets Officer is responsible for managing and monitoring a portfolio of complex commercial loans. Responsibilities include developing collection strategies, action plans, negotiating, and implementing plans to maximize the bank’s recovery.
Responsibilities
- Develop collection strategies and action plans for problematic loans.
- Prepare detailed analysis and provide recommendations of the collection and action plans.
- Negotiate with borrowers, attorneys, and companies to review and re-structure credit and repayment terms.
- Implement recovery plans that minimize risk and loss to the bank.
- Provide timely and accurate reporting to Special Assets Manager.
- Interact with the spectrum of commercial bank customers experience financial distress; displaying tact and persuasiveness.
- Interact frequently with lawyers and other outside professionals, both those retained by the Bank and those representing our debtors, setting and pursing the Bank’s agenda.
- Seek to minimize out-of-pocket legal and non-legal expenses from debtors whenever possible; maximizes loan recoveries and fee income.
- Ensure BSA Compliance.
Requirements
- Strong oral and written communication skills
- Commercial, real estate, and consumer lending; particularly credit structure and loan policy
- Complex credits and strong knowledge of collateral valuation/liquidation
- Regulatory agencies, third party loan review, and internal/external auditors
- Legal/regulatory requirements pertaining to banking and collections
- Regulatory guidelines regarding appraisal/re-appraisal and all other regulatory policies affecting classified/criticized assets
- Strong negotiation skills
- Analyze credit and develop and negotiate repayment terms with companies and high net worth individuals
- Work independently and prioritize daily workflow
- Analyze and solve problems for which there are not precedents
- Maintain visual attention and mental concentration for extended periods of time
- Perform duties and make decisions under frequent time pressures
- Bachelor’s degree in Accounting or Finance or equivalent experience
- Formal credit training
- 5+ years of direct special assets experience
- Pursuant to the Secure and Fair Enforcement for Mortgage Licensing Act (“SAFE Act”), all associates (if lending) are required to maintain current registration with the Nationwide Mortgage Licensing System & Registry (“NMLS”). If such registration is not active as of the hire date, the associate must immediately attain active registration upon employment.
- Personal Bankers who fail to maintain an active and current registration will be unable to lend and may be subject to disciplinary action, up to and including termination of employment.
- Knowledge of Microsoft Office
Pay
Salary offered is based on factors including job duties, required qualifications, relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance. (Base Pay Range: $103,000 - $134,000/year)
Benefits
- 401(k) match
- Profit sharing
- Employee stock purchase plan
- Paid time off
- Medical
- Dental
- Vision
- Company-paid life insurance
- Long-term disability
- Supplemental voluntary life insurance
- Short-term disability
- Wellness incentives
- Employee assistance program
- Pre-tax health savings accounts
- Flexible spending accounts
We need to ensure we didn't include any headings with empty content. All sections have content.
Check for any leftover boilerplate: we omitted Equal Opportunity, Unsolicited Resumes, etc.
Check for any duplicated lines: we have not repeated.
Check for any invented detail: we preserved all.
Check for any missing detail: The Position Summary sentence we used exactly. The responsibilities list we captured all bullet points. The knowledge/ability/education list we captured all items. The compensation: we captured base pay range and bonus eligibility. The benefits list we captured all items mentioned: 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. Plus pre-tax health savings accounts and flexible spending accounts. We listed them.
We might have missed "company-paid life insurance and long-term disability" as separate items; we listed both.
We also listed "short-term
for prose. We must preserve all substantive information, not invent or summarize away detail. So we need to include all details from sections we keep. Let's extract content: Position Summary: "The Special Assets Officer is responsible for managing and monitoring a portfolio of complex commercial loans. Responsibilities include developing collection strategies, action plans, negotiating, and implementing plans to maximize the bank’s recovery." We can put that as prose under About the role. Duties & Responsibilities bullet list (though not bullet but sentences). We need to convert to list items. List: - Develop collection strategies and action plans for problematic loans. - Prepare detailed analysis and provide recommendations of the collection and action plans. - Negotiate with borrowers, attorneys, and companies to review and re-structure credit and repayment terms. - Implement recovery plans that minimize risk and loss to the bank. - Provide timely and accurate reporting to Special Assets Manager. - Interact with the spectrum of commercial bank customers experience financial distress; displaying tact and persuasiveness. - Interact frequently with lawyers and other outside professionals, both those retained by the Bank and those representing our debtors, setting and pursing the Bank’s agenda. - Seek to minimize out-of-pocket legal and non-legal expenses from debtors whenever possible; maximizes loan recoveries and fee income. - Ensure BSA Compliance. We need to keep exactly as given; maybe minor punctuation. Education & Experience: It's a block: "Knowledge Of Strong oral and written communication skillsCommercial, real estate, and consumer lending; particularly credit structure and loan policyComplex credits and strong knowledge of collateral valuation/liquidationRegulatory agencies, third party loan review, and internal/external auditorsLegal/regulatory requirements pertaining to banking and collectionsRegulatory guidelines regarding appraisal/re-appraisal and all other regulatory policies affecting classified/criticized assetsStrong negotiation skills Ability To Analyze credit and develop and negotiate repayment terms with companies and high net worth individualsWork independently and prioritize daily workflowAnalyze and solve problems for which there are not precedentsMaintain visual attention and mental concentration for extended periods of timePerform duties and make decisions under frequent time pressuresEducation and Training: Requires Bachelor’s degree in Accounting or Finance or equivalent experience. Requires formal credit training. Requires 5+ years of direct special assets experience. Pursuant to the Secure and Fair Enforcement for Mortgage Licensing Act (“SAFE Act”), all associates (if lending) are required to maintain current registration with the Nationwide Mortgage Licensing System & Registry (“NMLS”). If such registration is not active as of the hire date, the associate must immediately attain active registration upon employment. Personal Bankers who fail to maintain an active and current registration will be unable to lend and may be subject to disciplinary action, up to and including termination of employment. Requires knowledge of Microsoft Office." We need to parse into Requirements/Qualifications. Could split into Knowledge, Ability, Education and Training. Use
- for list items.
Let's extract list items:
Knowledge:
- Strong oral and written communication skills
- Commercial, real estate, and consumer lending; particularly credit structure and loan policy
- Complex credits and strong knowledge of collateral valuation/liquidation
- Regulatory agencies, third party loan review, and internal/external auditors
- Legal/regulatory requirements pertaining to banking and collections
- Regulatory guidelines regarding appraisal/re-appraisal and all other regulatory policies affecting classified/criticized assets
- Strong negotiation skills
Ability To:
- Analyze credit and develop and negotiate repayment terms with companies and high net worth individuals
- Work independently and prioritize daily workflow
- Analyze and solve problems for which there are not precedents
- Maintain visual attention and mental concentration for extended periods of time
- Perform duties and make decisions under frequent time pressures
Education and Training:
- Requires Bachelor’s degree in Accounting or Finance or equivalent experience.
- Requires formal credit training.
- Requires 5+ years of direct special assets experience.
- Pursuant to the Secure and Fair Enforcement for Mortgage Licensing Act (“SAFE Act”), all associates (if lending) are required to maintain current registration with the Nationwide Mortgage Licensing System & Registry (“NMLS”). If such registration is not active as of the hire date, the associate must immediately attain active registration upon employment.
- Personal Bankers who fail to maintain an active and current registration will be unable to lend and may be subject to disciplinary action, up to and including termination of employment.
- Requires knowledge of Microsoft Office.
We could combine into Requirements section.
Compensation And Benefits: Contains:
"Compensation And Benefits Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance. (Base Pay Range: $103,000 - $134,000/year) Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being—now and in the years to come—are important to us. Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information."
We need Pay section: include base pay range and bonus eligibility.
Benefits section: list of benefits.
We must not include fluff like "Visit Busey Total Rewards for more information." That's maybe okay as prose but it's not a list; we can keep as prose.
We must not include boilerplate like Equal Opportunity etc. So we stop before that.
Now produce HTML fragment:
About the role
The Special Assets Officer is responsible for managing and monitoring a portfolio of complex commercial loans. Responsibilities include developing collection strategies, action plans, negotiating, and implementing plans to maximize the bank’s recovery.
Responsibilities
- Develop collection strategies and action plans for problematic loans.
- Prepare detailed analysis and provide recommendations of the collection and action plans.
- Negotiate with borrowers, attorneys, and companies to review and re-structure credit and repayment terms.
- Implement recovery plans that minimize risk and loss to the bank.
- Provide timely and accurate reporting to Special Assets Manager.
- Interact with the spectrum of commercial bank customers experience financial distress; displaying tact and persuasiveness.
- Interact frequently with lawyers and other outside professionals, both those retained by the Bank and those representing our debtors, setting and pursing the Bank’s agenda.
- Seek to minimize out-of-pocket legal and non-legal expenses from debtors whenever possible; maximizes loan recoveries and fee income.
- Ensure BSA Compliance.
Requirements
- Strong oral and written communication skills
- Commercial, real estate, and consumer lending; particularly credit structure and loan policy
- Complex credits and strong knowledge of collateral valuation/liquidation
- Regulatory agencies, third party loan review, and internal/external auditors
- Legal/regulatory requirements pertaining to banking and collections
- Regulatory guidelines regarding appraisal/re-appraisal and all other regulatory policies affecting classified/criticized assets
- Strong negotiation skills
- Analyze credit and develop and negotiate repayment terms with companies and high net worth individuals
- Work independently and prioritize daily workflow
- Analyze and solve problems for which there are not precedents
- Maintain visual attention and mental concentration for extended periods of time
- Perform duties and make decisions under frequent time pressures
- Bachelor’s degree in Accounting or Finance or equivalent experience
- Formal credit training
- 5+ years of direct special assets experience
- Pursuant to the Secure and Fair Enforcement for Mortgage Licensing Act (“SAFE Act”), all associates (if lending) are required to maintain current registration with the Nationwide Mortgage Licensing System & Registry (“NMLS”). If such registration is not active as of the hire date, the associate must immediately attain active registration upon employment.
- Personal Bankers who fail to maintain an active and current registration will be unable to lend and may be subject to disciplinary action, up to and including termination of employment.
- Knowledge of Microsoft Office
Pay
Salary offered is based on factors including job duties, required qualifications, relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance. (Base Pay Range: $103,000 - $134,000/year)
Benefits
- 401(k) match
- Profit sharing
- Employee stock purchase plan
- Paid time off
- Medical
- Dental
- Vision
- Company-paid life insurance
- Long-term disability
- Supplemental voluntary life insurance
- Short-term disability
- Wellness incentives
- Employee assistance program
- Pre-tax health savings accounts
- Flexible spending accounts