Special Asset Loan Officer I (SPECI012874)

Essential Duties and Responsibilities

• Completes required BSA/AML training and other compliance training as assigned.
• Communicates with loan officers and management regarding problem credits (phone calls, meetings).
• Cover necessary documentation for collection purposes.
• Facilitate resolution of payment arrangements.
• Review, code and approve OREO bills, collection bills, and legal bills.
• Prepare management ad hoc reports related to Special Assets and past dues.
• Finalize OREO sales for closing/application of sale proceeds to GLs.
• Attend legal proceedings and foreclosure sales on behalf of the bank.
• Discuss Bankruptcies/collection cases with legal counsel.
• Review and Monitor Bankruptcy Case and Complete Bankruptcy Claim Forms/Reaffirmations.
• Manage OREO (maintenance, rental income, utilities, repairs, etc).
• Collection Calls/Make payment arrangements with past due customers.
• Attend meetings and Discuss with Management problem loans and OREO.
• Locate or Skiptrace to find delinquent customers for collection/judgments.
• Communicate with Realtors and Title companies on pending OREO sales.
• Show OREO to potential buyers and negotiate sales terms.
• Order and assign out repossessions.
• Apply and monitor monthly Bankruptcy payments.
• Review and Monitor past due loans and problem loans for loan adjustments.
• Order and Review appraisals for Problem Loans for Transfer to OREO.
• Maintain OREO files.

Qualifications

• Broad knowledge of such fields as accounting, marketing, business administration, finance, etc.
• Equivalent to a four year college degree, plus 5 years related experience and/or training, and 3 years related management experience, or equivalent combination of education and experience.
• Ability to read, analyze, and understand common scientific and technical journals, financial reports, and legal documents.
• Ability to respond to complex or difficult inquiries or complaints from customers, regulatory agencies, or members of the business community.
• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
• Ability to apply concepts such as fractions, ratios, and proportions to practical situations.
• Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists.
• Ability to interpret a variety of instructions furnished in written, oral, or diagram formats.