Special Assets Manager

About the Job:

Reporting to the Chief Credit Officer the Special AssetsManagerhandlesa portfolio of criticized classified delinquent and otherhigh riskcommercial loans. This roleis responsible foridentifyingemerging credit risk developing and executing workout and recovery strategies minimizing losses maximizing recoveries and supportingviableborrowers through financial challenges. The position works closely with Lending Credit Risk Management Loan Servicing and Finance to protect asset quality while advancing Craft3s mission of expandingequitableaccess to capital throughout the Pacific Northwest.

Essential Duties and Responsibilities:
Craft3 reserves the right to change add or delete responsibilities and duties. Essential duties and responsibilities include some or all of the preceding; these are not however intended to be all-inclusive.

The essential duties and responsibilities for this position are:

• Manage a portfolio of adversely rated loans including Watch Special Mention Substandard non-accrual and other high-risk relationships.
• Monitor borrower performance financial reporting covenant compliance collateral values and guarantor support;identifyemerging credit risks and recommendappropriate riskrating and classification changes.
• Analyze financial statements tax returns cash flow collateral guarantor strength and repayment capacity.
• Develop and execute workout restructuring rehabilitation and recovery strategies for criticized classified and charged-off credits.
• Negotiate loan modifications forbearance agreements payment plans extensions renewals and other restructuring solutions.
• Prepare credit memorandums action plans and recommendations supporting credit decisions and approval requests.
• Lead collection and recovery efforts for delinquent and non-performing loans.
• Coordinate foreclosure bankruptcy receivership litigation collateral liquidation OREO management and other enforcement activities with legal counsel and external professionals.
• Monitor expected losses recoveries reserve requirements and charge-off recommendations.
• Maintain accurate documentation and reporting related to workout strategies credit actions and regulatory compliance.
• Conduct borrower meetings site visits financial reviews and collateral inspections.
• Collaborate with Relationship Managers and external partners to address borrower stress preserveviablebusinesses and minimize credit losses.
• Participate in Special Assets Committee and portfolio review meetings.
• Maximize recoveries while minimizing losses costs and reputational risk.

Direct / Indirect Reports: This rolemayincludedirect supervisory responsibilities.

Knowledge and Experience:

• 5-7 years of experience in commercial lending credit administration special assets loan workouts portfolio management ora relatedfield.
• Experience analyzing commercial financial statements cash flow tax returns collateral and repayment capacity.
• Experience working with distressed borrowers and negotiating complex credit solutions.
• Familiarity with bankruptcy foreclosure receivership litigation and collection practices.
• Ability to independently manage multiple complex borrower relationships and competing priorities.
• Experience serving racially ethnically and socioeconomically diverse communities preferred.
• Bachelors degree in finance Business Accounting Economics or a related field or an equivalent combination of education and experience.
  
  

Preferred Skills and Abilities:
We encourage all candidates with diverse perspectives and backgrounds to apply regardless of whether you meet all the requirements of the job description. Some specific things we are looking for in this role are candidates who demonstrate:

• Strong knowledge of commercial credit analysis loan structuring commercial real estate lending loan documentation and collateral management.
• Excellent analytical negotiation problem-solving and communication skills.
• Ability to balance prudent risk management with relationship preservation and mission-driven lendingobjectives.

Travel:

Approximately12 weeksof travelper yearis expected withinOregon and Washingtonfor customer and office visitsaswell astravel to ourcompany events.

Physical Demands
Frequently requires use of manual dexterity and repetitive motions primarily with the wrists hands and/or fingers. Must be able to occasionally list and/or move up to 10 pounds.

Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Craft3 is an Equal Opportunity Employer

Craft3 is an Equal Opportunity Employer. We comply with all applicable laws prohibiting discrimination and make all hiring and employment decisions based on individual qualifications and merit. Veterans and individuals with disabilities are encouraged to apply. If accommodation is needed to participate in the job application or interview process or to perform essential job functions please contact our Talent Acquisition Team at .

Employment offers may require final candidates to successfully complete and pass abackground check prior to employment consistent with business necessity and applicable federal state and local law. Were actively working to create a workplace where everyone can thrive. We believe different perspectives make us stronger and help us better serve the Pacific Northwest.

Required Experience:

Manager