SBA Special Assets Officer I

About the Position:

As the Small Business Administration (SBA) Special Assets Officer I you will assist with the ongoing handling monitoring and resolution of delinquent non-performing or otherwise adversely classified SBA loans within the First Internet Bank portfolio. Your goal will be to identify analyze and recommend the most cost-efficient method to mitigate risks to the bank. Credits assigned to your position will generally be of a less complex nature and with balances of $2.5MM or less. You will also be responsible for the loan until resolution and through wrap up.

What You Will Do:

• Interact with numerous internal partners and external vendors (attorneys appraisers brokers agents title companies closing agents and any other 3rd party firms) to protect and advance the interest of the bank
• Coordinate with Portfolio Managers on long term strategy for credits in distress prior to transfer to the Special Assets Department
• Assist in the collection of payment modification of loan structures and other workout related activities for loans managed by the Special Assets Department
• Responsible for collecting and analyzing financial reports to determine a deeper understanding of credit risk associated with assigned credits and recommend action plans for resolving the same
• Aid with ensuring the most cost-effective approach to liquidation and recovery by working extensively with outside counsel auctioneers appraisers landlords and other third parties
• Perform portfolio-wide audits/internal reviews in order to proactively uncover potential risks
• Verify accuracy of charge-offs and risk ratings for compliance with regulations
• Prepare Purchase Demand Kit(s) CPC Expense Requests Litigation plans Wrap Up reports and other documentation packages as required for submission to the SBA
• Prepare internal bank reports related to delinquency and work-out
• Maintain proper administration of the Special Assets module within the PCFS Loan Manager and/or nCino
• Work directly with the SBA and bank counsel to handle any issues related to the protection and honoring of the guaranty
• Analyze and identify impairments/write downs as well as required adjustments to risk ratings to maintain compliance with internal and external regulations
• Assist with preparation of internal reports related to delinquency work-out resolutions and recoveries of adversely rated credits
• Assist with workout of non-SBA loans as needed
• Perform other duties as assigned

What Were Looking For:

• Minimum threeyears of direct experience working in an SBA Special Assets Role or fiveyears of SBA Portfolio Manager direct experience required
• Proven knowledge of the SBA SOPs 50 57 and actions as outlined in the 7a Servicing and Liquidation Actions is required
• Ability to manage volume and multi-task across multiple loans at any given time
• Knowledge and skill set in MS Office (Word Excel etc.) Skype and Zoom. Experience in Loan platform systems of E-Tran nCino and PCFS is also preferred

Working Conditions/Demands:

• Professional office setting.
• Primarily sedentary position requiring long periods of time working at a computer.
• Must be able to move throughout the office and buildings to obtain or relay information.
• Must be able to perform the essential functions of the position with or without reasonable accommodation.

Who Are We

Were not just another bank and were not looking for just another employee. Since 1999 First Internet Bank has been dedicated to finding a better way to bank and doing things that have never been done before. Yes we really were the first state-charted FDIC insured bank to operate entirely online and we have been leading the way ever since.

We seek the game changers the innovatorsthose who challenge the status quo because change really is the only constant. Ready to join a team of imaginative driven individuals like you Its your career you deserve to imagine more. Keep reading we think you will like you what see

Why Join Us

Our success has been driven in part by four core competencies customer focus teamwork adaptability and initiative. Collectively they define our actions and are at the heart of all we do. As a result weve been fortunate to have been named numerous times as an Indianapolis Star Top Workplace and one of the Best Banks to Work For! Headquartered in downtown Fishers our newly-built state-of-the-art 175000 square foot facility headquarters was designed with our team in mind and features an 18000 square foot open air deck named The Backyard with fire pits covered pergola waterfall and foliage to create a momentary escape from the work day. Beyond that the onsite fitness center with the latest equipment and ergonomically-designed workstations help promote health and wellness. Have we mentioned free snacks soft drinks and beer available on tap Want more How about unlimited volunteer time off and social events to bring us all together to have some more. Why just imagine more take the first step and apply today.

Our benefits package includes the following and so much more:

• Medical Dental Vision Insurance
• 401(k) Retirement Plan with Generous Match
• Professional Development Reimbursement
• 3 Weeks Paid Vacation Plus Paid Holidays
• Paid Volunteer Time
• Business Apparel Allowance

Equal Opportunity Employer - Women Minorities Veterans and Individuals with Disabilities

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The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about discussed or disclosed their own pay or the pay of another employee or applicant. However employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information unless the disclosure is (a) in response to a formal complaint or charge (b) in furtherance of an investigation proceeding hearing or action including an investigation conducted by the employer or (c) consistent with the contractors legal duty to furnish information. 41 CFR 60-1.35(c). Click here to read more