Special Assets Officer

Salary Range: $85,000 - $97,000

PRIMARY RESPONSIBILITY:

The Special Assets Officer is primarily responsible for assisting in managing a portfolio of distressed commercial and residential loans and recommend appropriate workout action plans.  In addition, responsibilities include assisting the Credit Administration Manager with managing third-party audits as well as monitoring the overall credit quality of the portfolio.

 

ESSENTIAL FUNCTIONS:

Special Assets:


* Assist in the management of a portfolio of criticized loan relationships consisting of multiple loan types and complexity mitigating GRB’s risk.


* Review and analyze loan documentation, financial statements to assess risk and the adequacy of repayment sources for recovery.


* Develop, recommend and implement workout/liquidation strategies for problem loans including past due, and sub performing to mitigate risk and maximize recovery.


* Detect early warning signs, loan inherent deficiencies, and communicate problem assets to the Credit Administration Manager.


* Assist in the management of delinquent consumer loans.


* Manage daily loan delinquency reports.



* Loan monitoring for expiration dates, risk rating changes, and maturing loans.


* Maintain constructive interaction with clients, and lines of business.


* Assist Credit Administration Manager in preparing the materials for Asset-Liability Committee (ALCO) and Classified Loan Action Plan (CLAP) meetings.


* Assist Credit Administration Manager with quarterly reporting and ad-hoc reporting as needed.

 

General Duties:


* Lead ad-hoc projects and other duties assigned by the Credit Administration Manager.


* Active participation and demonstrating skills and abilities in the GRB Experience.


* Keep up to date on Bank Policies, Laws and Regulations that govern commercial lending.

 

EDUCATION AND EXPERIENCE:

Bachelor’s degree in business-related discipline (MBA highly preferred) plus a minimum of 3 years’ commercial banking experience in underwriting, credit analysis, loan review and/or loan workout. 


* Demonstrated experience in commercial and residential loan workouts.


* Demonstrated ability to conduct financial statement analysis.


* Demonstrated ability to meet multiple deadlines and manage a variety of projects with deliverables.

 

COMPETENCIES:


* Provide a remarkable client experience.


* Lead by example.

Identify current or potential problems, take ownership and see them through to resolution.


* Act as a unified team.

Possess strong interpersonal skills including the ability to proactively communicate with and help others, within and across departments.


* Ability to work independently.

Seek and incorporate feedback on your performance from management, coworkers and clients.


* Demonstrated PC literacy.


* Ability to be a self-starter, and work independently to achieve goals


* Excellent problem-solving and a...