What are the responsibilities and job description for the Special Assets Specialist position at Equity Bank?
Position: Special Assets Specialist
Department: Credit Administration
Location: Wichita, KS (On-Site)
Job Type: Full-Time/Salary
Jump start your career at Equity Bank! We are currently hiring energetic, team oriented, and community focused individuals to join our team! With a team of best-in-class customer service experts, you'll help to build and expand on client relationships, deliver the banking products and services that meet the unique and individual needs of clients, and create and uphold an atmosphere of superior experience and service. At Equity Bank we’ll help you invest in your community through volunteer opportunities which align with our company initiatives and core values.
Position Summary:
At Equity Bank, we believe strong credit administration and proactive risk management help drive long-term success. The Special Assets Specialist plays a key role in supporting the bank's asset quality, regulatory compliance, and internal control processes.
Reporting to the Special Assets Department Lead and VP Director of Special Assets / Senior Credit Officer, this position is responsible for special assets reporting, repossession administration, classified loan reviews, insurance claim processing, and ongoing monitoring of problem credits. This role offers the opportunity to work closely with senior leadership and contribute directly to the bank's credit risk management strategy.
Responsibilities And Expectations
Key Responsibilities
Reporting & Internal Controls
Required Skills & Education
Equity Bank, a full-service, $7.9 billion community bank, is based in Wichita, Kansas, with over 80 bank offices throughout Kansas, Nebraska, Missouri, Arkansas, and Oklahoma.
At Equity Bank, you can find exciting opportunities to challenge you, expand your skills, and reward your contributions. Our employees receive competitive compensation and benefits, while working in an atmosphere that encourages personal and professional growth. We’re searching for motivated individuals who are passionate about serving others, learning new technologies, and working as part of a team.
Equity Bank offers a full range of financial solutions, including online and mobile banking, commercial loans, consumer banking, and mortgage loans, treasury management service, the best solutions for your business, and absolutely zero ATM fees, anywhere.
What’s in it for you?
We believe your benefits are an important part of your overall compensation package. We work year-round to ensure that we provide our employees with the most up-to-date, competitive program. We thoroughly evaluate our benefit plans and strive to provide quality benefits that support the physical and financial well-being of our employees and their families.
Benefits Available:
The above statements are intended to generally describe the nature and level of work to be performed by most people assigned to this job. It is not intended as an exhaustive list of all responsibilities, duties, and requirements.
Physical Requirements
This position requires standing, walking, bending, and squatting on a regular basis. May require the ability to stoop, kneel, crouch or reach with hands and arms. Requires the ability to carry, lift, move or push up to 25 pounds on an occasional basis. Must be able to talk and listen to others.
Work Environment
This position regularly works in an office setting. Most of the job duties require the employee to be working with computers and electronic media on a regular basis.
Equity Bank is an equal opportunity employer and will not make employment decisions based on an applicant’s race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
Department: Credit Administration
Location: Wichita, KS (On-Site)
Job Type: Full-Time/Salary
Jump start your career at Equity Bank! We are currently hiring energetic, team oriented, and community focused individuals to join our team! With a team of best-in-class customer service experts, you'll help to build and expand on client relationships, deliver the banking products and services that meet the unique and individual needs of clients, and create and uphold an atmosphere of superior experience and service. At Equity Bank we’ll help you invest in your community through volunteer opportunities which align with our company initiatives and core values.
Position Summary:
At Equity Bank, we believe strong credit administration and proactive risk management help drive long-term success. The Special Assets Specialist plays a key role in supporting the bank's asset quality, regulatory compliance, and internal control processes.
Reporting to the Special Assets Department Lead and VP Director of Special Assets / Senior Credit Officer, this position is responsible for special assets reporting, repossession administration, classified loan reviews, insurance claim processing, and ongoing monitoring of problem credits. This role offers the opportunity to work closely with senior leadership and contribute directly to the bank's credit risk management strategy.
Responsibilities And Expectations
Key Responsibilities
Reporting & Internal Controls
- Prepare and distribute monthly reports supporting the bank's SOX compliance and internal control requirements
- Monitor and report charge-offs of $10,000 or greater
- Track loans returning to accrual status for relationships of $250,000 or greater
- Track loans moving to nonaccrual status for relationships of $250,000 or greater
- Compile monthly charge off activity and review supporting documentation to ensure appropriate approvals have been obtained
- Provide accurate and timely reporting to senior management and key stakeholders
- Prepare transfer documentation for repossessed assets moving to the bank's Other Assets General Ledger account
- Monitor and manage repossessed assets throughout the recovery and disposition process
- Maintain detailed reporting on repossession activity, including:
- Repossession aging and timelines
- Region and lender origination
- Charge-off activity at transfer
- Time to sale
- Gain or loss on disposition
- Financial impact and overall cost benefit of each repossession
- Identify trends and opportunities to improve recovery outcomes
- Process total loss insurance claims and ensure timely resolution
- Conduct periodic reviews of classified loans to verify proper accrual status and risk ratings
- Recommend changes to risk ratings or accrual status when appropriate
- Partner with Special Assets leadership to develop action plans and strategies for problem credit relationships
- Support portfolio monitoring and risk mitigation efforts
- Stay current with applicable banking laws, regulations, and industry best practices
- Maintain strong documentation and record retention standards
- Assist with audits, examinations, and compliance reviews as needed
- Perform additional duties and special projects as assigned
Required Skills & Education
- Associate's degree in Finance, Accounting, Business Administration, Banking, or a related field required
- Minimum of 3 years of experience in banking, credit administration, loan operations, collections, special assets, or a related financial services role
- Strong analytical and critical thinking skills
- Ability to interpret financial information, credit data, and risk indicators
- Excellent attention to detail and accuracy
- Advanced organizational and time management skills
- Strong written and verbal communication abilities
- Ability to manage multiple priorities and meet deadlines
- Proficiency in Microsoft Excel, Word, and Outlook
- Ability to maintain confidentiality and exercise sound judgment
- Strong collaboration skills and the ability to work effectively with lenders, credit partners, and senior leadership
- Commitment to continuous learning and professional development within the banking industry
- Bachelor's degree
- Experience working with classified assets, delinquent loans, repossessions, or credit risk management
- Knowledge of commercial and consumer lending practices
Equity Bank, a full-service, $7.9 billion community bank, is based in Wichita, Kansas, with over 80 bank offices throughout Kansas, Nebraska, Missouri, Arkansas, and Oklahoma.
At Equity Bank, you can find exciting opportunities to challenge you, expand your skills, and reward your contributions. Our employees receive competitive compensation and benefits, while working in an atmosphere that encourages personal and professional growth. We’re searching for motivated individuals who are passionate about serving others, learning new technologies, and working as part of a team.
Equity Bank offers a full range of financial solutions, including online and mobile banking, commercial loans, consumer banking, and mortgage loans, treasury management service, the best solutions for your business, and absolutely zero ATM fees, anywhere.
What’s in it for you?
We believe your benefits are an important part of your overall compensation package. We work year-round to ensure that we provide our employees with the most up-to-date, competitive program. We thoroughly evaluate our benefit plans and strive to provide quality benefits that support the physical and financial well-being of our employees and their families.
Benefits Available:
- Health, Dental & Vision Insurance
- Group Life & Long-Term Disability Insurance
- Flexible Spending & Health Savings Accounts
- Group Cancer Insurance
- 401(K) Retirement Plan w/Company Match
- Generous Vacation & Sick Time
- Employee Stock Purchase Plan (ESPP)
- Pet Insurance
- Retail Banking Benefits
The above statements are intended to generally describe the nature and level of work to be performed by most people assigned to this job. It is not intended as an exhaustive list of all responsibilities, duties, and requirements.
Physical Requirements
This position requires standing, walking, bending, and squatting on a regular basis. May require the ability to stoop, kneel, crouch or reach with hands and arms. Requires the ability to carry, lift, move or push up to 25 pounds on an occasional basis. Must be able to talk and listen to others.
Work Environment
This position regularly works in an office setting. Most of the job duties require the employee to be working with computers and electronic media on a regular basis.
Equity Bank is an equal opportunity employer and will not make employment decisions based on an applicant’s race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
Salary : $250,000