Special Assets Officer

Job Description

Job Description

Position Summary :

The Special Assets Officer is responsible for managing the bank’s portfolio of problem loans, including classified, non-performing, and distressed assets. This role involves developing and implementing strategies to mitigate risk, maximize recoveries, and minimize losses while ensuring compliance with regulatory guidelines and internal policies. The officer works closely with borrowers, legal counsel, senior management, and other stakeholders to negotiate resolutions, restructure loans, and oversee foreclosure or liquidation proceedings when necessary.

Essential Duties and Responsibilities

Loan Workout & Restructuring :

• Manage a portfolio of criticized, classified, and non-performing loans, developing strategies to resolve problem credits.
• Conduct financial analysis and risk assessment to determine appropriate workout strategies, including loan modifications, forbearance agreements, and restructuring.
• Negotiate repayment terms with borrowers, ensuring alignment with the bank’s risk appetite and regulatory requirements.
• Recommend charge-offs, write-downs, or reserves for troubled assets as appropriate.

Collateral & Asset Recovery :

Compliance & Reporting :

Risk Management & Communication :

Minimum Qualifications

Education :

Knowledge, Skills, and Abilities

Other Requirements :

Preferred Qualifications :