Special Assets Officer

ESSENTIAL FUNCTIONS

• Provide comprehensive guidance to Credit Risk and Credit Committee on early identification and resolution of troubled loans, including foreclosure and OREO strategies aligned with market conditions.
• Lead and actively participate in Troubled Loan Review processes.
• Function as primary servicing officer for complex troubled loans including commercial, multifamily, and construction assets.
• Expert in foreclosure processes, restructuring loans via forbearance agreements, managing note sale networks.
• Build and maintain strong, solution-oriented borrower relationships.
• Perform complex financial, collateral, and legal analysis; expert knowledge in cash flow and valuation analysis of MF properties nationwide, construction budgets and borrower/guarantor financial capacity.
• Deliver clear written and verbal recommendations to leadership.
• Maintain strong internal communication across multiple teams.
• Partner with internal and external legal counsel on foreclosure and litigation strategies in jurisdictions across the United States.
• Consistently and accurately monitor borrower performance; adjust strategies and communicate accordingly.
• Track loan performance and conduct impairment in addition to gain/loss analysis using Excel and internal systems.
• Support origination teams with complex loan issue resolution.
• Expertise in loan servicing, tracking collateral, and process of partial releases.

Education and Experience

• Bachelor’s degree required, Master’s preferred.
• 10+ years in CRE loan workouts and credit risk.
• Experience with complex commercial, multifamily, and construction loans required.
• Knowledge of multi-state foreclosure laws and regulatory environment strongly preferred.
• Advanced Excel and financial modeling skills required.