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***Must be able to work on-site in College Station, TX***

Special Assets Officer -College Station, TX:

The Special Assets Officer plays a pivotal role in formulating targeted strategies to restore credit viability and devise exit plans for loans. Additionally, this candidate oversees a diverse portfolio of loan and OREO assets until their liquidation.

Why this opportunity?

• Culture: a rapidly moving, growing and driven institution. This bank is nimble yet large enough to deliver excellent support like a large financial institution. Furthermore, the company is acquiring other banks and rapidly expanding, which is giving rise to more career growth opportunities and the ability for management to design more effective credit programs.

• Workplace (Remote, On-site, Hybrid): Hybrid 1 day a week in College Station, TX.

Requirements:

• Five years or more of experience in Special Assets collection or related field, or an equivalent combination of education and experience.
• Strong knowledge of Commercial, Commercial Real Estate, SBA, and lending processes and regulations.
• Proficiency in credit underwriting and a solid understanding of collateral and loan documentation.
• Familiarity with financial institution operating policies, procedures, and state and federal banking regulations.

Description:

• Evaluate problematic loan scenarios and develop, negotiate, and execute resolution strategies with a focus on swift resolution and minimizing bank losses.
• Ensure accurate management reporting by maintaining proper risk rating, accrual status, TDR status, and other pertinent factors reflecting the borrower's financial capability and collateral adequacy.
• Assess collateral adequacy and potential impairments by ensuring timely ordering and receipt of real estate appraisals reflective of all property conditions.
• Manage specific problem loan accounts directly while assisting loan officers with problematic accounts in their portfolios.
• Provide oversight and management of accounts in bankruptcy, foreclosure, and collection, including meeting reporting requirements for past due accounts, watchlist accounts, charge-offs, and recoveries.
• Implement effective collection efforts on previously charged-off accounts and off-balance sheet notes.