SUMMARY

The Special Assets Officer is responsible for assisting with the day-to-day handling of all assigned loans, whether active or charged off, including but not limited to, acting as the primary contact with all obligors, as well as all related third parties, monitoring, servicing, restructuring, collecting, liquidating, reporting, properly accounting, pursuing legal action, and implements workout strategies.
Ensures compliance with established Bank policies and procedures. Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: GLBA(Gramm-Leach-Briley Act), Regulation Z (Truth in Lending Act), Regulation DD (Truth in Savings Act) Regulation B (Equal Credit Opportunity Act), Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd Frank Act), Elder Abuse Laws, Bank Secrecy Act in conjunction with the USA PATRIOT Act, Anti-Money Laundering and Customer Information Program, Right to Financial Privacy Act (state and federal) and Community Reinvestment Act.

MINIMUM REQUIREMENTS

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

• Bachelor’s degree and at least 3 years of loan workout experience and/or training; or equivalent combination of education and experience.
• Knowledge of intermediate laws governing commercial lending (including the foreclosure process), is essential.
• Experience in negotiating workout strategies.
• Experience, knowledge and training in all CRE, C&I or SBA operational and lending activities and terminology.
• Intermediate skills in computer terminal and personal computer operation, mainframe computer system, word processing, typing and spreadsheet software programs to meet the needs of the position.
• Intermediate math skills.
• Ability to communicate well through verbal, written and interpersonal communication skills, with the ability to apply common sense to carry out instructions and speak clearly to customers and employees.

Pay [range] per year. The salary reflects the full, reasonably expected salary range for this position. Salary is based on the candidate’s current experience, education, skills, and abilities related to the position. Successful candidates may be eligible for bonus, stock, commissions, and incentives at the Company’s sole discretion. We offer a comprehensive benefits package, which vary depending on the position ultimately offered. All employees are offered paid sick time off. Depending on the position offered, benefits packages may include vacation leave; paid holidays; medical, dental, vision, life and disability insurance packages for employees and dependents; various other voluntary benefit offers, and optional retirement accounts.
We are an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity, gender expression, genetic information, or military or Veteran status, or any other characteristic protected by law.
The application window for this position is expected to close on November 6, 2025

1. Works closely with the department Managers to assess and analyze issues for all classified loans, while developing strategies to work toward resolution.
2. Negotiates loan modification terms with borrowers and underwrites loan modifications with preparation of credit approval recommendations.
3. Performs credit analysis and data collection, as required, to determine an actionable strategy.
4. Recommends loan grade changes, accrual, impairment status, TDR status and charge-offs.
5. Receives proper documentation of loan status/classification, including loan grade, accrual status, impairment status, reserve calculation and TDR status.
6. Initiates foreclosure action under direction of department manager and with the assistance of legal counsel, as needed.
7. Works in conjunction with outside legal counsel, foreclosure, site inspection, environmental and appraisal services efficiently.
8. Keeps proper record keeping of all relevant documents for all loans assigned.
9. Communicates with all obligors, as well as all involved and interested third parties on an assigned loan as the primary contact for the Bank.
10. Assesses and analyzes problems and causes of problems on loans at time of assignment through making timely business site visitations, interviewing obligors, reviewing loan files.
11. Identifies and reports to appropriate channels any significant document discrepancies pertaining to loan and collateral.
12. Collects and analyzes relevant information for loan workout, collateral liquidation, and legal actions.
13. Exercises prudent judgment in the care, preservation, and liquidation of collateral.
14. Interacts with Legal Counsel to effectuate collection.
15. Ensures documents and agreements are complete and accurate.
16. Prepare/review Guaranty Purchase Packages, Charge off Packages, CPC Packages as well as Offer In Compromise packages and litigation plans when necessary
17. Request SBA’s approval in necessary steps and respond to SBA’s request
18. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
19. Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
20. Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
21. Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
22. Performs duties specific to the position and other functions as assigned.