Job Description
Director, Special AssetsVA (Onsite)
Fulltime
Primary Responsibilities:
Perform the duties of a loan officer and be responsible for the restructuring/loss mitigation of criticized and classified loans.
Be capable of applying credit officer, asset management and risk management disciplines.
Be proficient in commercial loan financial analysis and structuring, as well as valuation methodologies.
Lead legal documentation, loan covenants, rights and remedies in the event of default, receivership and bankruptcy scenarios, and restructuring strategies for Commercial loans.
Use expertise in Special Assets to ensure is leveraging the best practices of its peers and proactively evolving the policies and programs employed by the Bank.
Be capable of working closely with and influencing senior business and risk management leaders within the Commercial Bank when creating, revising or implementing Special Assets workout strategies.
Be comfortable leading their own portfolio of distressed loans autonomously.
Lead aggressive and comprehensive workout strategy to ensure optimal loss protection to the Bank in terms of both time and money, while maintaining compliance with regulatory requirements.
Negotiate and contract with various professionals such as attorneys, appraisers, brokers, etc. to provide services to ensure best cost/benefit return to the Bank.
Evaluate all financial information, collateral, legal documentation and other available information to project probable and maximum loss exposure to the Bank.
Lead processes improvements and implement best in class solutions, raising quality and productivity in a calculated way.
Lead criticized and watch list internal governance process for assigned portfolio and ensure compliance with all reporting and regulatory requirements.
Create a culture of sharing lessons learned within Special Assets and back to the origination functions in order to avoid future mistakes.
Benchmarks own performance against industry best practices.
Acts as consulting credit officer and risk management specialist on a portfolio of higher risk relationships with line of business/other departments.
Strong written and verbal communication competencies, in addition to financial analytical skills.
Basic Qualifications:
Bachelor’s degree or military experience
At least 7 years of relevant commercial loan experience, credit, asset management or workout
At least 5 years of loan underwriting experience or 5 years of experience in loan restructuring
Preferred Qualifications:
Masters degree or Juris Doctorate degree
At least 10 years of experience in commercial lending with direct experience in loan restructuring
At this time, Client will not sponsor a new applicant for employment authorization for this position.
The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.