Special Assets Officer (AVP or VP)

Description

Under minimal supervision, the Special Assets Officer monitors workout and OREO portfolio and evaluates loan terms and conditions. Acts as lead within a designated portfolio in negotiation of complex workout agreements with problem borrowers with both commercial and government guaranteed loan portfolio. Works closely with legal counsel to expeditiously resolve litigation while minimizing legal and collection expenses. Will help manage OREO properties from acquisition to disposition. Analyzes and facilitates proper adherence to requirements on conventional/government guaranteed loan liquidation processing on a complex loan portfolio, with special emphasis on SBA 7A loan structures. This position requires that the individual work in office, independently, and with minimal supervision.

Ensures compliance within all Bank policies and procedures, as well as all applicable state and federal banking regulations.

Essential Duties and Responsibilities:

• Manages all aspects of loans within an assigned portfolio in the following processes: past due payments, foreclosure, litigation, property taxes, liquidation of assets and Real Estate Owned properties for commercial and government guaranteed loan portfolio
• Monitors and analyzes bankruptcies to ensure proper strategies are in place to preserve Bank’s position and obtain maximum recovery
• Manages a complex portfolio of commercial and government guaranteed loans to ensure full compliance with all servicing requirements, including the creation and follow up on Offers in Compromise, Litigation Plans, Liquidation Plans and Purchase Guarantee’s to ensure maximum recovery to the Bank
• Negotiates with distressed borrowers to determine best workout options to preserve the Bank’s guarantee and its opportunity to keep the loan in a performing status
• Reviews all loans within an assigned portfolio for upgrades, downgrades, potential charge off and impaired status
• Monitors and follows up on loans previously charged off to maximize loan recoveries
• Helps prepare watch list, special mention, and classified asset reports for assigned portfolio
• Minimum of 10 hours CRA volunteer hours per year. Volunteer hours are typically scheduled within business hours. This is compensable time and mileage is reimbursed
• Other duties as assigned

Supervisory Responsibilities: This job has no supervisory responsibilities at this time.

Qualifications:

• Bachelor’s degree in business or related field preferred or minimum 7 years Commercial Banking experience with an emphasis in Loan Workouts
• SBA 7A Liquidation and Repurchase experience
• Extensive familiarity with real estate terms, concepts, and markets
• Proficient in the following software applications: MS Work, Excel, Outlook, Adobe
• Excellent written and verbal communication skills
• Ability to multi-task in a fast-paced environment

Physical/Mental Demands & Work Environment:

The incumbent in the course of performing this position frequently spends time writing, typing, speaking, listening, operating basic business equipment, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, walking, standing, reading documents or instruments, detailed work, problem solving, client contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and frequent interruptions. The incumbent for this position will occasionally lift up to 15 pounds, pull, squat, kneel and reach. The incumbent is in a non-confined office-type setting in which they are free to move about at will. The work environment is typically quiet to a moderate noise level.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Management reserves the right to change this position description at any time.

Requirements

See qualifications above.

Poppy Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. 

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training. 

For San Francisco Postings, review Fair Chance Ordinance. 

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