Responsibilities

• Managing the special assets portfolio and the team with a focus on the mitigation of losses for the Bank
• Analyzing financial plans, negotiating loan collection, or restructuring, and recommending/overseeing litigation, liquidation, or charge-off of loans
• 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
• Present a professional image in dealing with customers, interdepartmental, and external representatives

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
• 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