Special Assets Officer, VP

Job Responsibilities

• Manages a portfolio of loans while coordinating and preparing required documentation for approvals.
• Updates Loan Workout database for new loan transfers.
• Ensures charge-off documentation matches internal records and reviews mathematical explanations provided by loan officers.
• Compiles summary reports of all charge-off forms for approval and upon approval, distributes appropriate documentation for individual loan charge-off processing.
• Compiles information for loan approval memos including financial analysis, relationship summaries, and collateral overview.
• Verifies that recovery funds are posted to correct general ledger accounts while managing reconciliation of legal expense on participation loans.
• Orders appraisal updates by coordinating borrower financial information and collateral descriptions.
• Interacts with senior management and loan officers to compile charge-off forecasts and validate charge-off amounts to be submitted for approval.

Required Qualifications

• High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent, required
• Minimum 5+ Years within the Workout/Special Assets field, preferably at an OCC regulated institution.
• Familiarity with various loan databases.

Preferred Qualifications

• Undergraduate Degree (4 years or equivalent) in Business Administration, Finance, or related field.
• 7+ years of relevant work experience preferred.