Special Assets Specialist

Responsibilities

Reporting
Provide senior management with monthly reports to ensure compliance with the bank’s SOX controls, including:
- Charge-Offs of $10,000 & Greater
- Loans moved to Accrual status on relationships of $250,000 & Greater
- Loans moved to Non-Accrual status on relationships of $250,000 & Greater
Monthly compilation of all Charge-Offs and review of specific Charge-Off forms to confirm proper authorization has been obtained
Repossession Process
Prepare transfer forms, moving repossessed assets to the bank’s Other Asset General Ledger account
Monitor and track the repossession process and provide monthly reporting on each repossession stage, including:
- Origin of Region and Lender
- Charge-Off done at Transfer to Other Assets
- DAYS to sell
- Gain / Loss in the Other Assets Account
Overall COST or BENEFIT of the repossession
Credit Administration Process
Total loss insurance claims
Periodic reviews of classified loans to confirm the appropriate accrual status and risk rating are in place and if not, propose the needed change(s)
Work in conjunction with the Director of Special Assets to assist in the development of action plans and strategies on problem credits
Regulatory
Keep current on all banking laws and regulations
Other duties as assigned or required

Requirements

Energetic, team-oriented, and community-focused individuals are encouraged to apply.

Qualifications

• Experience in banking or related field preferred
• Strong organizational and analytical skills
• Excellent communication and interpersonal skills
• Ability to work independently and as part of a team
• Proficiency in Microsoft Office Suite

Skills

• SOX compliance
• Repossession processes
• Loan classification and risk assessment
• Banking regulations and compliance

Benefits

• Health, Dental & Vision Insurance
• Group Life & Long-Term Disability Insurance
• Flexible Spending & Health Savings Accounts
• Group Cancer Insurance
• 401(K) Retirement Plan with Company Match
• Generous Vacation & Sick Time
• Employee Stock Purchase Plan (ESPP)
• Pet Insurance

Pay

Competitive salary commensurate with experience.

Schedule

Full-time position.