SBA Special Assets Manager

About the Position:

As the SBA Special Assets Manager you will play a key role in the monitoring and resolution of distressed impaired and otherwise adversely rated credits on behalf of the SBA Division. You will supervise the ongoing handling monitoring and resolution of delinquent non-performing or otherwise adversely classified SBA loans within the First Internet Bank portfolio and will work in tandem with the VP SBA Servicing to properly identify analyze and mitigate risk to the SBA portfolio and larger bank.

What You Will Do:

• Provide proactive oversight and timely resolution of a portfolio of adversely rated SBA commercial and other distressed assets.
• Lead a team of Special Asset Officers in the negotiation structure and implementation of loan level workout agreements in support of the rehabilitation or exit of distressed credits.
• Underwrite approve and drive workout and recovery initiatives on a per loan and general portfolio basis in conjunction and as directed by management.
• Prepare and provide a comprehensive risk analysis in a weekly monthly and quarterly reporting format for senior management in support of regulatory and strategic institutional goals.
• Lead communications and correspondence with key SBA Servicing Centers District Counsel and Oversight in support of the proper request and receipt of the SBA guarantee.
• Drive the engagement and relationship for key third party consultants including but not limited to Attorney firms Appraisal and Auctioneer companies Environmental review firms Receivers etc.
• Assist in the oversight/advisement of the Portfolio Management team in the identification monitoring and eventual transfer of distressed credits into the workout department.
• Lead and direct any field operation requirements to include but not limited to business site visits collateral auction or disposition oversight mustering of collateral court and other litigation requirements or any other external litigation or liquidation activities on behalf of the bank.
• Work in conjunction with the VP SBA Servicing on any reporting or strategic initiatives with internal partners such as internal Finance and Credit Administration to ensure the proper reporting grading and recording of any reserve or write down requirements throughout the individual loan workout phase.
• Assist the VP-SBA Servicing in the strategic implementation of division department and larger bank initiatives.
• Perform other duties as assigned.

What Were Looking For:

• A minimum of ten years ofexperience in Workout or similar Portfolio Management roles.
• A minimum of seven years of direct experience working with SBA specific documentation to include Demand Purchase Packages Litigation/Liquidation Plans CPC and Wrap Up Reports.
• Advanced knowledge of commercial/residential real estate closing and liquidation practices.
• Advanced knowledge of UCC regulations and other disposition practices.
• Advanced knowledge of regulatory and accounting practices as it relates to risk and adversely rated credits.
• Ability to manage a high volume/high pace environment with various intervening and competing goals.
• Strong analytical and quantitative skills.
• Ability to think strategically and make data driven decisions.
• Excellent leadership communication and interpersonal skills.

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.
• May require occasional travel in order to administrate liquidation related activities.

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 and Vision Insurance for Full-Time employees - Eligibility begins on day one of employment
• 401(k) Retirement Plan with Generous Match for Full-Time and Part-Time employees - Eligibility begins on day one of employment
• Professional Development Reimbursement
• At Least 3 Weeks Paid Vacation Annually - For New Employees Paid Vacation is Adjusted Based on Start Date
• Eleven Paid Holidays
• Paid Volunteer Time
• Annual First Internet Bank-branded merchandise 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.