SBA Special Assets Officer I at First Internet Bank

Fishers, Indiana, United States -

Full Time

Start Date

Immediate

Expiry Date

20 Feb, 26

Salary

0.0

Posted On

22 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

SBA Special Assets, Loan Management, Financial Analysis, Risk Mitigation, Portfolio Management, Communication, Teamwork, Problem Solving, MS Office, E-Tran, nCino, PCFS, Compliance, Customer Focus, Adaptability, Initiative

Industry

Banking

Description

Job Details Job Location: First Internet Bank of Indiana Fishers - Fishers, IN Salary Range: Undisclosed About the Position: As the Small Business Administration (SBA) Special Assets Officer I, you will assist with the ongoing handling, monitoring, and resolution of delinquent, non-performing, or otherwise adversely classified SBA loans within the First Internet Bank portfolio. Your goal will be to identify, analyze, and recommend the most cost-efficient method to mitigate risks to the bank. Credits assigned to your position will generally be of a less complex nature, and with balances of $2.5MM or less. You will also be responsible for the loan until resolution and through wrap up. What You Will Do: Interact with numerous internal partners and external vendors (attorneys, appraisers, brokers, agents, title companies, closing agents, and any other 3rd party firms) to protect and advance the interest of the bank Coordinate with Portfolio Managers on long term strategy for credits in distress prior to transfer to the Special Assets Department Assist in the collection of payment, modification of loan structures, and other workout related activities for loans managed by the Special Assets Department Responsible for collecting and analyzing financial reports to determine a deeper understanding of credit risk associated with assigned credits, and recommend action plans for resolving the same Aid with ensuring the most cost-effective approach to liquidation and recovery by working extensively with outside counsel, auctioneers, appraisers, landlords, and other third parties Perform portfolio-wide audits/internal reviews in order to proactively uncover potential risks Verify accuracy of charge-offs and risk ratings for compliance with regulations Prepare Purchase Demand Kit(s), CPC Expense Requests, Litigation plans, Wrap Up reports, and other documentation packages as required for submission to the SBA Prepare internal bank reports related to delinquency and work-out Maintain proper administration of the Special Assets module within the PCFS Loan Manager and/or nCino Work directly with the SBA and bank counsel to handle any issues related to the protection and honoring of the guaranty Analyze and identify impairments/write downs, as well as required adjustments to risk ratings to maintain compliance with internal and external regulations Assist with preparation of internal reports related to delinquency, work-out, resolutions, and recoveries of adversely rated credits Assist with workout of non-SBA loans as needed Perform other duties as assigned What We’re Looking For: A minimum of three years of direct experience working in an SBA Special Assets Role, or five years of SBA Portfolio Manager direct experience, required Proven knowledge of the SBA SOP's 50 57 and actions as outlined in the 7a Servicing and Liquidation Actions is required Ability to manage volume and multi-task across multiple loans at any given time Knowledge and skill set in MS Office (Word, Excel, etc.), Skype, and Zoom. Experience in Loan platform systems of E-Tran, nCino and PCFS is also preferred Working Conditions/Demands: Professional office setting. Primarily sedentary position requiring long periods of time working at a computer. Must be able to move throughout the office and buildings to obtain or relay information. Must be able to perform the essential functions of the position with or without reasonable accommodation. Who Are We? We’re not just another bank and we’re not looking for just another employee. Since 1999, First Internet Bank has been dedicated to finding a better way to bank and doing things that have never been done before. Yes, we really were the first state-charted, FDIC insured bank to operate entirely online and we have been leading the way ever since. We seek the game changers, the innovators…those who challenge the status quo because change really is the only constant. Ready to join a team of imaginative, driven individuals like you? It’s your career, you deserve to imagine more. Keep reading, we think you will like you what see Why Join Us? Our success has been driven, in part, by four core competencies – customer focus, teamwork, adaptability and initiative. Collectively they define our actions and are at the heart of all we do. As a result, we’ve been fortunate to have been named numerous times as an Indianapolis Star Top Workplace and one of the Best Banks to Work For! Headquartered in downtown Fishers, our newly-built, state-of-the-art 175,000 square foot facility headquarters was designed with our team in mind and features an 18,000 square foot open air deck named “The Backyard”, with fire pits, covered pergola, waterfall and foliage to create a momentary escape from the work day. Beyond that, the onsite fitness center with the latest equipment and ergonomically-designed workstations help promote health and wellness. Have we mentioned free snacks, soft drinks and beer available on tap? Want more? How about unlimited volunteer time off and social events to bring us all together to have some more. Why just imagine more, take the “first” step and apply today. Our benefits package includes the following and so much more: Medical, Dental, and Vision Insurance for Full-Time employees - Eligibility begins on day one of employment 401(k) Retirement Plan with Generous Match for Full-Time and Part-Time employees - Eligibility begins on day one of employment Professional Development Reimbursement At Least 3 Weeks Paid Vacation Annually - For New Employees, Paid Vacation is Adjusted Based on Start Date Eleven Paid Holidays Paid Volunteer Time Annual First Internet Bank-branded merchandise allowance Equal Opportunity Employer - Women, Minorities, Veterans and Individuals with Disabilities If you are a California resident, you may be entitled to certain rights regarding your personal information. Additional information about our data collection practices and location specific notices is available on our privacy policy. Click here to read more. The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c). Click here to read more

Responsibilities

The SBA Special Assets Officer I will manage and resolve delinquent or non-performing SBA loans, working closely with internal partners and external vendors. The role involves analyzing financial reports, coordinating with Portfolio Managers, and ensuring compliance with regulations.