Senior Special Assets Officer

Job Title:

Senior Special Assets Officer

Location:

CityScape

What youll do:

The Special Assets Officer Senior recommends and manages internal and external action plans to resolve adversely graded loans minimize bank loss and maximize recovery and return to performing status. This requires direct meetings and negotiations with the Borrower and related parties as well as other 3rd party professionals and vendors. Additionally the Senior SAG Officer will coordinate across departments within the Bank.

• Prepares organizes and maintains working files on assigned assets requiring knowledge of all loan and real estate documentation.Communicates with borrowers to identify reasons for problem and negotiates acceptable terms and conditions for reinstatement or curing default.

• Calculates amounts owed on loans; prepares/reviews reinstatement and payoff statements default notices bankruptcy Proofs of Claim. Performs loan and borrower research on loan servicing systems. Prepares loan assumption forbearance and loan modification documents. Orders and tracks all necessary thirdparty reports such as: appraisals environmental inspections property profiles title reports invoices etc.

• Acts as the Banks Loan Recovery Officer.Initiates Trustee and Attorney engagement packages for foreclosure receivership bankruptcy or other legal actions. Coordinates collection efforts on adversely graded credits with other institutions such as banks title companies and the Small Business Administration while maintaining the Banks best interest.

• Works with assigned accounts to improve the Banks position to avoid charge offs.Works with charged off credits for further collection possibilities.

What youll need:

• Bachelors Degree in accounting finance economics business administration or other directly related field is required; Masters degree in finance business administration or similar is preferred.

• 8 or more years of directly related commercial lending experience with increasing responsibility for credit analysis andunderwriting. Minimum of two 2 years of problem loan resolution (consumer and commercial) loan servicing or related industry experience is preferred.

• Advanced experience knowledge and training in financial statement and tax return analysis typically resulting from a combination of education in accounting financial and/or credit analysis or related areas. Advanced experience knowledge and training in all lending activities and terminology. Advanced knowledge of commercial construction real estate and consumer loan processing.

• Good working knowledge of proper assignment of loan grades for adversely graded credits working knowledge of identifying impaired loans choice of methodologies for impairment analysis identification of accrual status and troubled debt restructures.

• Advanced understanding of the Fair Debt Collections Practices Act bankruptcy law debtor/creditor law and the legal aspects of lending.

Compensation: Salary range for new hires is generally $161452.00 $201354.00 for Denver CO. Salary range for new hires is generally $152000.00 $191236.00 for Las Vegas NV. Salary amount is determined by specific job location. In addition the role may be eligible for annual bonus/incentives earned and restricted stock.

Benefits youll love:
We offer all the important things youd want like competitive salaries an ownership stake in the company medical and dental insurance time off a great 401k matching program tuition assistance program an employee volunteer program and a wellness program. In addition youll have the opportunity to bolster your business knowledge learning the ins and outs of how successful companies operate and manage their finances giving you invaluable handson experience to help grow your career!

About the company:

Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona Alliance Association Bank Bank of Nevada Bridge Bank First Independent Bank and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race sex color religion age nation origin marital status disability protected veteran status sexual orientation gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying please email or call. When contacting us please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

Western Alliance Bancorporation