Commercial Special Assets Officer

About the Position:

As the Commercial Special Assets Officer you will be responsible for the active management resolution and risk mitigation of the Banks criticized classified and non-performing commercial loan relationships. Your role will work closely with commercial lenders credit administration legal counsel and borrowers to develop and execute strategies that minimize loss preserve collateral value and maximize recovery.

What You Will Do:

• Manage a portfolio of criticized classified and non-performing commercial loan relationships including substandard doubtful and loss-rated credits.
• Develop negotiate and execute workout strategies such as restructures modifications forbearance agreements and repayment plans.
• Lead direct negotiations with financially distressed borrowers guarantors and outside lending partners to achieve optimal outcomes for the Bank.
• Coordinate with external and internal legal counsel on enforcement actions collateral liquidation foreclosures bankruptcies and other legal remedies.
• Evaluate collateral positions guarantor strength cash flow and exit strategies to support resolution decisions.
• Recommend charge-offs reserves risk rating changes and other credit actions in accordance with Bank policy and regulatory guidance.
• Partner with commercial lenders and credit administration to transition credits into and out of Special Assets as appropriate.
• Prepare monthly problem loan status reports to provide updates to management.
• Ensure accurate risk grading timely documentation and compliance with regulatory and internal reporting requirements.
• Participate in regulatory examinations audits and internal reviews related to special assets and problem loans as needed.
• Provide guidance and mentorship to lenders and credit staff on early problem loan identification and remediation strategies.

What Were Looking For:

• A minimum of five years in commercial credit with an emphasis on special assets loan workouts or problem loan management.
• A bachelors degree in accounting/finance or related field preferred; equivalent relevant work experience will be considered.
• Demonstrated experience managing loan workouts restructurings and default situations.
• Strong understanding of commercial loan documentation collateral structures guarantor support and enforcement remedies.
• Proven ability to assess financial statements cash flow collateral values and recovery prospects.
• Excellent negotiation communication and interpersonal skills with the ability to work effectively with borrowers attorneys and internal stakeholders.
• Working knowledge of banking regulations credit policy and regulatory expectations related to criticized and classified assets.
• Sound judgment and ability to make difficult credit decisions under pressure while protecting the Banks interests.

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 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

If you are a California resident you may be entitled to certain rights regarding your personal information. Additional information about our data collection practices and location specific notices is available on our privacy policy. Click here to read more.

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.