Sr. Managed Assets Officer

Principal Objective

The individual will establish efficient and effective workout strategies on high risk, negatively rated lending relationships. They will collaborate with Executive Management, the Director of Managed Assets, Regional leaders and lenders from various lines of business with a goal of improving the overall corporate asset quality by developing strategies for minimizing losses, maximizing recoveries and avoiding reputational harm in a cost-effective manner.

Primary Responsibilities

• Maintains and manages assigned Commercial relationships to minimize delinquencies and loan losses through timely identification of problem accounts and the development of appropriate resolution-oriented work out strategies.
• Analyzes and prepares written approval memorandums for waivers, amendments, restructuring and forbearance agreements.
• Works closely with counsel to ensure negotiated arrangements are properly documented.
• Meets and communicates regularly and effectively with borrowers and provides summary memos to memorialize status changes and strategy recommendations to Bank senior management.
• Manages the Pre-workout process including documentation evaluation, coordination of appraisals and title searches on collateral property and the engagement of appropriate legal counsel.
• Estimates loss exposure, ascertains accrual status, develops strategies to correct documentation deficiencies, and executes plans of action.
• Serves as the primary contact for all loan-related communications, including borrowers, bank participants, legal counsel, and internal/external stakeholders.
• Maintains oversight of borrower performance, financial condition, and covenant compliance to ensure timely risk rating adjustments and proactive issue identification.
• Prepares various monthly/quarterly required management reports on Commercial loans, including Watch Reports, Specific Reserve Analyses and any and all applicable Credit Risk Gateway Forms.
• Ensures compliance with all relevant federal and state banking laws, rules, regulations and customary practices required to mitigate risk and uphold the appropriate ethical standards.

Job Specifications

• Education: Bachelor’s degree required
• Relevant industry related credit training and fluency in customary CRE, C&I, and SBA structures and products
• Experience: At least 10 years of commercial lending/workout experience
• Proficiency in MS Word/Excel
• Ability to interpret financial statements and/or tax returns
• Knowledge of bankruptcy/receivership laws/regulations and relevant legal concepts related to restructurings, collections and perfecting collateral

Behavioral Skills

• Possess a curious nature and polite skepticism
• Ability to maintain a professional demeanor and control emotions even in heated and difficult situations
• Excellent communication, negotiation and presentation skills in addition to strong analytical, organizational, investigative and problem-solving skills required
• Flexible and has a consistent, positive attitude with a desire to identify and work towards achieving the best possible resolutions for the organization
• Independent, goal-oriented individual who can think creatively to solve complex problems
• Consistently demonstrates behaviors associated with Brookline Bancorp’s Core Four values: adaptability, accountability, leadership, and teamwork