VP, Special Assets Manager

BayFirst National Bank is a full-service community bank as well as a national SBA Lender dedicated to providing a wide range of high-quality banking services delivered in a personalized, friendly manner.

Founded in 1999 and headquartered in St. Petersburg, Florida, we are a true community bank with the goal of becoming a one-stop shop and trusted financial resource for the communities that we serve.

Understanding that our employees are our most valuable resource, we are committed to providing career development opportunities, competitive compensation, and generous benefits to our entire workforce.

As an organization, we encourage open communication in an environment of mutual respect, where hard work is rewarded, and a professional but informal atmosphere is valued within the workplace.

The VP, Special Assets Manager - manages a team responsible for Loss Mitigation, Loan Resolution and Guaranty Preservation functions.

In this highly visible position, the Special Assets Manager interfaces with Senior Management to manage, approve, and coordinate execution of corrective action plans, manage problem credits to resolution, and provide detailed reporting on the results.

Responsibilities include but are not limited to :

• Effectively manage team and processes to support all aspects of the bank's past due and non-performing loan accounts.
• Provide guidance in developing appropriate, balanced, and actionable plans and processes to mitigate risk for the bank and third-party constituents, such as the SBA.
• Oversee the process of problem loan modifications and liquidation plan submission to the SBA to seek the best possible outcome for the bank and borrower, while abiding by SOP rules of the SBA, where applicable.
• Ensure timely and accurate reporting to loan officers, management, and the Board including reporting for the weekly Past Due Meeting, Monthly Problem Loan Meeting, Quarterly Asset Quality Committee Meeting, Directors Credit and Loan Committee, and other reporting as necessary.
• Ensure timely reporting to senior management on exposure and potential losses, reserve amounts, and risk-rating changes.
• Lead Special Assets teams in the compilation of pertinent data, placement of contractors / auditors, and management of expenses in workout situations.
• Analyze data to report on the financial deficiencies of non-performing loans and maintain / retain data and records on non-performing loans in Pass, Special Mention, and non-Performing status.
• Coordinate information flow between Special Assets department and other bank personnel and / or departments as needed to manage problem accounts, primarily Portfolio Management and Loan Operations.
• Oversee the repurchase of collateral and liquidation of assets on non-performing loans. Report results and problems to management to minimize loss.
• Manage internal and external resources required in the sale of repossessed assets, including personal property, business assets, vehicle inventory, and REO.
• Coordinate interaction with attorneys, business principals, and outside agents to limit exposure, fulfill requests for information, and communicate to all parties involved with non-performing loans.
• Ensure adherence to policies, procedures, and other appropriate compliance measures in handling Special Assets accounts.
• Distribute reporting to outside loan pool investors and act as primary contact regarding portfolio performance.

Knowledge and Education :

• Thorough knowledge of commercial lending with emphasis in C&I and SBA financing
• Solid understanding of liquidation aspects of SBA SOP.
• Preferred knowledge of consumer lending, and related collection practices
• Extensive knowledge of accounting, financial statement analysis, cash flow, and credit workout / collections
• Knowledge of financial and legal processes of all aspects of commercial lending
• Thorough computer knowledge of Microsoft Office, including Word, Excel, and PowerPoint
• Solid sense of compliance needs as they relate to FDCPA, SCRA and other regulatory requirements.
• Ten or more years of directly related professional level experience in commercial lending bank environment.
• Expertise in creating and presenting ideas to executive management.
• Three or more years in a management role, providing leadership, coaching, guidance and training, and contributing to staff development.
• Bachelor's Degree in related field required.
• Role is located on-site in St. Petersburg, FL
• Sense of urgency and understanding of timeliness on value to company
• Works well with all team members and seeks holistic opportunities for continuous improvement.
• Ability to manage multiple projects / processes simultaneously and can act judiciously in ambiguous situations.
• Ability to make sound business decisions based on policies and procedures.
• Excellent oral / written communication, interpersonal, persuasive communication and presentation skills
• Ability to lead by example and to motivate a team to reach a common goal.
• Ability to interface with all levels of management.
• Excellent organizational skills

REPORTING RELATIONSHIP

Reports to : SVP, Director of Credit Administration

BayFirst National Bank believes that diversity and inclusivity are essential to positive long-term success and achieving our strategic business goals.

We are proud to be an Equal Opportunity Employer, and we encourage diverse and talented applicants to apply. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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