VP & SAD Officer III

Responsibilities

• Develop strategies for resolving classified (special asset) loans to minimize losses on the current loan portfolio.
• Analyze financial plans, negotiate loan collections or restructuring, and make recommendations, oversee litigation, liquidation, and charge-off of loans.
• Interact with borrowers to discuss their financial difficulties and negotiate repayment plans.
• Collaborate with legal counsels, collection agencies, and external partners to enforce loan recovery efforts.
• Review and prepare special assets reports for senior management and any additional requested reports.
• Adhere to bank policies and procedures and ensure compliance with legal and regulatory requirements.

Requirements/Qualifications

• Bachelor’s degree in Business, Finance, or Accounting, or related field or equivalent experience.
• Minimum five years of experience in lending related positions.
• Ability to retain a broad knowledge of tasks performed in the lending and liquidation functions.
• Good knowledge of lending regulations, lien laws, and loan documentation.
• Present a professional image in dealing with customers, interdepartmental, and external representatives.
• Good written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person, and over the phone.
• Ability to respond effectively to the most sensitive inquiries or customer complaints.
• Ability to make effective and persuasive speeches and presentations on controversial or complex topics to top management, employees, regulators, or board members.

Employee Benefits & Perks

• Medical, Dental, & Vision: Open Bank offers medical, dental, and vision insurance for all full-time employees and their immediate family members.
• Life, Accidental Death & Dismemberment, & Long-Term Disability: Open Bank pays 100% of the cost.
• Flexible Spending Account (FSA): Tax-advantaged financial accounts are offered for employees to pay for eligible out-of-pocket expenses (health, dependent care, transit, and parking) with pre-tax dollars.
• 401(k) Retirement Savings Plan: Open Bank matches 100% of the first 6% of employees' contributions.
• Paid Time Off (PTO): Employees begin to accrue PTO hours at the time of hire to use for vacation, illness, or other personal reasons.
• Employee Assistance Program (EAP): The EAP offers counseling sessions, online tools and resources, and legal and financial guidance for employees and their family.
• Company Paid Lunch: Open Bank provides company paid lunch twice a week.

To view current job openings, please visit Open Bank Careers Page: https://myopenbank.com/about/.