Special Assets/Loan Workout Officer/ Portfolio Manager/ REMOTE

Job Description

Job Description

Remote position

Position : VP Special Assets / Loan Workout Officer / REMOTE

Company : SVI Recruiting Group

Details : Full time, remote position

SVI Recruiting Group is a leading recruitment agency that specializes in connecting top talent with companies in the financial industry.

We are currently seeking a highly motivated and experienced VP Special Assets / Loan Workout Officer to join our bank clients team on a full-time, remote basis.

The SBA Special Assets Officer, VP will become a key member of the SBA Special Assets Team with at least 5 years of experience in SBA lending and / or commercial lending or similar with familiarity with the SBA program, loan servicing, portfolio management, financial analysis, tax analysis, excellent communication skills, team oriented, self-motivated, goal oriented, adaptable to changes, willing to contribute and demonstrate flexibility within a fast-paced environment.

Primary responsibilities are defined below and not all inclusive and is subject to change based on management decisions regarding the needs of the SBA department

ESSENTIAL DUTIES

1. Upholds, at all times, the Banks Core Values of : Integrity, Respect, Positive Attitude, Empowerment, Accountability,

and Excellence.

2. Delivers on the Banks tagline of Your Best Banking Experience Ever! by reinforcing the application of superior

customer service through own example along with appropriate follow through with involved customers and

employees; actively participates in specific periodic meetings and presentations on this topic with all staff members.

3. Works with the SVP / SBA Audit & Special Assets Manager to mitigate bank loss in various functions of problem loans,

foreclosures, litigation, etc.

4. Responsible for the timely collection, negotiation, and / or problem resolution of all past due loan payments for the

SBA Portfolio in accordance with SBA and bank regulations.

5. Monitor and review all marginal SBA Annual Reviews for the SBA Loan Portfolio including property value research,

business and personal financial analysis, credit analysis, lien perfection, industry comparisons and identify any risks

and mitigating factors and recommended loan grading. Work with customers to address and mitigate issues and

ensure loan repayment.

6. Monitor timely PIP disbursements on the SBA Portfolio to ensure that disbursements are completed in a timely

manner. Reviews completed PIP Disbursements files for proper documentation according to SBA and bank

regulations.

7. Complete full audit on all problematic loans in the SBA loan portfolio and address all issues appropriately based on

SBA and bank regulations.

8. Responsible for gathering necessary data and / or documentation for the SBA 10-Tab submissions.

9. Assist SVP / SBA Audit & Special Assets Manager in reviewing and monitoring all legal notices pertaining to the SBA

Portfolio.

10. Assists in addressing departmental lien perfection and other portfolio issues as assigned.

11. Monitor and contact customers to resolve past due taxes and force placed insurance.

12. Ensure that all special asset processes and procedures adhere to SBA and Bank regulations

13. Responsible for skip tracing and obtaining valid customer contact information as needed.

14. Monitor SBA portfolio address and contact information to insure we have current contact information on file.

15. Manage and send timely correspondence and reports in accordance with SBA and bank regulations.

16. Provide detailed reports of special asset efforts and discuss portfolio recommendations with management.

17. Reviews documentation information regarding resolution with escrow officers, voucher control company employees,

borrowers, outside legal counsel, and other personnel was properly documented.

18. Ensures implementation and compliance to meet security precautions and protect customer loans, collateral, bank

assets and staff and balances lending-related general ledger accounts, manages and / or processes block entries and

miscellaneous corrections.

19. Other duties as assigned.

MINIMUM REQUIREMENTS

Bachelors degree (BA) or equivalent from an acceptable 4 YEAR college or university; or at least 5 YEARS of BANKING

experience and / or training; or the equivalent combination of education and experience. Work related experience should

consist of special assets, financial analyzing or credit review background. Educational experience, through in-house training

sessions, formal school, or financial industry related curriculum, should be business or financial industry related.

Basic experience, knowledge and training in special assets, financial statements, and tax return analysis typically resulting

from a combination of education in accounting, financial and / or credit analysis or related areas and intermediate experience,

knowledge and training in all lending activities and terminology.

Advanced knowledge of commercial, construction, real estate and consumer loan products, processing and advanced

knowledge of related state and federal lending and compliance laws and regulations, and other Bank lending policies.

Advanced knowledge of title policies and related loan regulations such as RESPA, HMDA, and other Bank lending policies on

loans to directors.