Head of Special Assets

• Interacts directly with LOB management other Credit Administrators and relationship managers regarding restructuring and workout of commercial real estate loans and commercial and industrial loans.
• Consults and advises the relationship manager(s) the Chief Credit Officer and other Credit Administration officers on credit structure pricing collateral and other credit consideration issues.
• Proven track record of enhancing risk management and optimized recoveries within a commercial banking environment.
• Strong communication and management skills.
• Demonstrated ability to work with outside counsel. Experience with foreclosure process.
• Expert knowledge of related bank regulations. Accountable to understand and ensure regulatory and policy compliance with state and federal requirements including the following (but not limited to) Bank Secrecy Act Anti-Money Laundering Act Community Reinvestment Act OFAC Regulations and Fair Lending and all applicable bank and government regulations
• Reviews and enforces loan agreement covenants for verification of the borrowers compliance thereto. Accurately prepares financial projections as required.
• Directs coaches and advises the activities of a team of Special Asset officers. Exercises managerial authority concerning staffing performance appraisals promotions salary actions and terminations; plans and adheres to a staffing budget; minimizes employee turnover rates; provides the accurate and timely presentation of performance appraisals counseling and status changes; exercises sound and fair judgment and compliance with policy regarding promotions and salary actions
• Maintains an accurate up-to-date tracking log of all activity and credit arrangements in process.
• Performs special projects as designated by Bank President or Chief Credit Officer

• 7-10 years of experience in special assets managing troubled loans workouts and collecting in a commercial bank or equivalent environment. Demonstrated history of successful problem asset resolution and risk management.
• Underwriting and management skills for varied loan types including commercial and industrial loans real estate loans lines of credit SBA and ABL loans secured and unsecured loans. Familiarity with the legal issues involved with distressed loans such as bankruptcy actions foreclosures performance claims and collateral collection remedies.
• Must possess strong computer skills including Excel.
• Bachelors degree in business administration accounting finance or related field preferred

Required Experience:

Director