This role has the opportunity to work hybrid. During the interview process, our Talent Acquisition Team will share additional details with you. The Special Assets Officer II is responsible for effectively managing or helping supervise a portfolio of commercial loan workout relationship up to $5,000,000. The Special Assets Officer partners with Credit Officers, Portfolio Managers, Commercial Lenders and Administrative Assistants to develop and recommend strategies to maximize recovery and reduce losses while coordinating collection efforts with outside legal counsel. Said Officer will sometimes be asked to lean in on home loans in Colorado. Responsibilities Manage a portfolio of commercial loan workout relationships Establish action plans with specific resolution target dates and promptly conveying recommendations on adjustments for risk ratings, loss recognitions or write offs and accrual status. Formulate and execute exit and retention strategy plans for commercial loans by recommending the best course of action Collaborate with Credit Officers, Commercial Lenders and their administrative assistants to obtain necessary financial information required to properly track financial covenants, exceptions and preparation of approvals Maintain adequate credit/collateral files with scan documents Attend Admin Loan Meetings to present collection updates and strategies when required – weekly writing updates on loans. Identify when legal counsel is required given transaction complexity Uses professional knowledge, experience, and analytical criteria to make decisions and act independently to determine methods and procedures on new assignments. Assist with Colorado home loans that become past due or mature Qualifications Education and Minimum Experience Bachelor’s Degree or six years of equivalent work experience with accounting background. Completion of a formal credit training program preferred. 6 years of collection, workout, or related banking experience Knowledge/ Skills/ Abilities Deep understanding of credit policies, procedures and decisioning tools Knowledge of bankruptcy laws and related legal proceedings Requires strong oral, written communication, and negotiation skills Ability to access, analyze and recommend the best course of action in difficult credit situations Possess analytical and problem solving skills with company financial statements Excellent communicative skills with problem borrowers Job Details: Regular In accordance with Colorado law: Colorado pay for this position is anticipated to be between $85,000.00 - $161,000.00 annually, actual offers to be determined based on applicant’s skills, experience and education. While the anticipated deadline for the job posting is 02-16-2024, we encourage you to submit your application as we may still consider qualified candidates beyond this date. To all recruitment agencies: Independent Financial does not accept agency resumes without formal engagement of the agency. Please do not forward resumes to Independent Financial employees or any other organization location. Independent Financial is not responsible for any fees related to unsolicited resumes. Independent Financial is host to a diverse group of professionals; offering careers in lending, finance, management, marketing, technology and much more. We welcome talented and capable people with a heart for community service, strong personal values and integrity to join our team. Let’s discover new opportunities, together. Become part of a team that provides a wide range of relationship-driven banking products and services tailored to meet the needs of businesses, professionals and individuals. ______________________________________________________ All full-time and part-time roles that are regularly scheduled for 30 or more hours per week are benefits eligible. We are pleased to provide industry-leading benefits, resources and support to our employees. ______________________________________________________ To be considered for this position, you must at least meet the basic qualifications. No phone calls or direct e-mails please. Pre-employment background screening will be conducted. Independent Financial is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of age, ancestry, color, gender (including pregnancy, childbirth, or related medical conditions), gender identity or expression, genetic information, marital status, medical condition, mental or physical disability, national origin, protected family care or medical leave status, race, religion (including beliefs and practices or the absence thereof), sexual orientation, military or veteran status, or any other characteristic protected by federal, state, or local laws. The job description does not constitute an employment agreement between the employer and employee. The above statements describe the general nature and level of work being performed within this classification. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and qualifications required of employees assigned to this job. If you require assistance at any stage of the employment application process due to a disability, please contact Human Resources at 469-301-2630. Independent Financial is a trademark of Independent Bank To all recruitment agencies: Independent Financial does not accept agency resumes without formal engagement of the agency. Please do not forward resumes to Independent Financial employees or any other organization location. Independent Financial is not responsible for any fees related to unsolicited resumes.