Special Assets Officer
Core
Manage a portfolio of distressed commercial real estate/multifamily loans and C&I loans, executing workout strategies to preserve principal and prevent charge-offs.
Role type
Senior IC Special Assets Officer
Builds
Distressed loan portfolios and recovery strategies
Domain
Banking / Commercial Real Estate / Distressed Debt
Required skills
Financial analysis, Credit risk assessment, Workout strategy development, Loan covenant enforcement, Negotiation, Regulatory compliance
Preferred skills
Advanced financial modeling, Litigation support, Stakeholder management
Technologies
Loan databases, Microsoft Excel, Microsoft Word
Responsibilities
Manage end-to-end distressed loan portfolios; Prepare credit approval memos with financial analysis and risk evaluations; Identify emerging credit risks and implement corrective actions; Develop and execute workout strategies to maximize recovery; Lead negotiations with borrowers and third parties; Monitor and enforce loan covenants and reporting requirements; Perform quarterly reserve analysis and charge-off calculations.
Seniority
Mid-Senior, hands-on IC