Special Assets Officer

Our client, a well-established community bank, is seeking a diligent and experienced Special Assets Manager to join their team. In this role, you will be responsible for managing the bank's Special Assets portfolio, focusing on the review, analysis, and resolution of criticized and non-performing commercial and consumer loans. You will work closely with credit, legal, and executive teams to develop strategies for risk mitigation and asset recovery, ensuring the bank's portfolio quality and financial performance remain strong. Responsibilities Manage a portfolio of adversely classified, non-performing, and problem loans for both commercial and consumer linesDevelop, implement, and monitor asset workout strategies, restructures, liquidations, and collection plansPerform comprehensive credit analysis and loan reviews to assess borrower risk and recommend appropriate action stepsCollaborate with borrowers, attorneys, and internal stakeholders to facilitate modifications, documentation, and collectionsPrepare and present detailed reports regarding the status of Special Assets to executive and board-level managementEnsure compliance with all applicable banking regulations, internal policies, and proceduresParticipate in the management of OREO (Other Real Estate Owned) assets, including valuation, maintenance, marketing, and dispositionMaintain accurate loan files and documentation throughout the resolution processStay informed on market trends, economic changes, and regulatory updates impacting special asset management Requirements 3+ years of experience in Special Assets, workouts, and credit analysisIn-depth knowledge of commercial and consumer lending, loan documentation, bankruptcy, foreclosure, and collection processesProven track record in managing and resolving complex credit relationshipsExcellent negotiation, problem-solving, and relationship management skillsStrong analytical abilities with attention to detail and a high level of accuracyProficiency with loan management systems and Microsoft Office SuiteBachelor's degree in Finance, Business, Accounting, or a related field or equivalent experience Benefits Remote work – infrequent travel required as neededCompetitive salary commensurate with experienceComprehensive benefits package including medical, dental, vision, and 401(k)Paid time off and bank holidaysOpportunities for professional development and advancementCollaborative, community-centered work environment Compensation Range: $120K - $180K