Special Credits Associate or Special Credits Officer - Anchorage

About the role

Northrim Bank is seeking a motivated and analytical professional to join our Credit Administration team as a Special Credits Associate or Special Credits Officer.

Placement within the Associate or Officer level will be based on the selected candidate's qualifications, experience, and demonstrated expertise.

This position plays a critical role in protecting the Bank's assets and supporting borrowers through challenging financial situations.

Responsibilities

• Manage a portfolio of delinquent or problem loan relationships.
• Contact borrowers and guarantors to discuss repayment solutions and recovery strategies.
• Analyze financial statements, tax returns, collateral values, cash flow, and repayment capacity.
• Monitor loan performance and identify opportunities to reduce credit risk.
• Negotiate payment arrangements, settlements, restructures, and recovery solutions within delegated authority.
• Collaborate with attorneys, government agencies, vendors, and internal business partners to achieve collection and recovery objectives.
• Ensure compliance with Bank policies, regulatory requirements, and consumer protection standards.

Requirements

• A bachelor's degree in Finance, Accounting, Business, or a related field, or an equivalent combination of education and experience.
• Experience in loan collections, special assets, commercial credit, consumer credit, loan workouts, credit analysis, or related financial services functions.
• Strong analytical and problem-solving skills.
• The ability to evaluate financial information and make sound recommendations.
• Excellent communication, negotiation, and relationship management abilities.
• The ability to work independently while managing multiple priorities.

Preferred Qualifications

• Experience in one or more of the following areas: Commercial credit analysis, Special assets or workout administration, Consumer loan collections, Bankruptcy and legal recovery processes, Collateral valuation and liquidation, Loan restructuring and recovery strategies.

Pay

Pay is depending on experience. Minimum for Special Credits Associate is $53,540.29 annually, $2,059.24 bi-weekly, Minimum for Special Credits Officer is $69,313.46, $2,665.90 bi-weekly.

Schedule

Full Time/Exempt

Benefits

Employee Benefits: Medical, Dental and Vision insurance, including FSA (Flex Spending Account), Paid Time Off to include select paid holidays, Retirement Benefits with generous 401K match, Some Other Favorite Employee Benefits Include Paid Parental Leave, Education Assistance, Employee Assistance Program, Employee Wellness Program and much more!

Equal Opportunity Employer

Northrim Bank is an equal opportunity and affirmative action employer. Northrim Bank does not discriminate in employment based upon race, color, religion, sex, sexual orientation, gender identity, age, national origin, physical or mental disability, protected veteran status, pregnancy, parenthood, marital status, changes in marital status, genetic information or any other status protected by federal, state or local law.