Special Assets Specialist at Equity Bank

Wichita, Kansas, United States -

Full Time

Start Date

Immediate

Expiry Date

12 Oct, 26

Salary

0.0

Posted On

14 Jul, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Internal Controls Reporting, Repossession Process Management, Credit Administration, SOX Compliance, Risk Rating Analysis, Accrual Status Review, Insurance Claims Processing, Financial Reporting, Regulatory Compliance, Problem Credit Strategy

Industry

Banking

Description

Position: Special Assets Specialist Department: Credit Administration Status: Full-Time (Salary) Jump start your career at Equity Bank! We are currently hiring energetic, team oriented, and community focused individuals to join our team! With a team of best-in-class customer service experts, you'll help to build and expand on client relationships, deliver the banking products and services that meet the unique and individual needs of clients, and create and uphold an atmosphere of superior experience and service. At Equity Bank we’ll help you invest in your community through volunteer opportunities which align with our company initiatives and core values. Summary: Responsibilities and Expectations Reporting to the Special Assets Department Lead and VP Director of Special Assets / Senior Credit Officer, the Special Assets Specialist is responsible for internal controls reporting, designated repossession processes and repossession reporting, and a periodic review of classified loans to ensure appropriate accrual status and risk ratings are in place. Responsibilities include: 1. Reporting * Provide senior management with monthly reports to ensure compliance with the bank’s SOX controls, including: * Charge-Offs of $10,00 & Greater * Loans moved to Accrual status on relationships of $250,000 & Greater * Loans from to Non-Accrual status on relationships of $250,000 & Greater * Monthly compilation of all Charge-Offs and review of specific Charge-Off forms to confirm proper authorization has been obtained 1. Repossession Process * Prepare transfer forms, moving repossessed assets to the bank’s Other Asset General Ledger account * Monitor and track the repossession process and provide monthly reporting on each repossession stage, including: * Repossession DAYS * Origin of Region and Lender * Charge-Off done at Transfer to Other Assets * DAYS to sell * Gain / Loss in the Other Assets Account * Overall COST or BENEFIT of the repossession 3. Credit Administration * Process total loss insurance claims * Perform periodic reviews of classified loans to confirm the appropriate accrual status and risk rating are in place and if not, propose the needed change(s) * Work in conjunction with the Director of Special Assets to assist in the development of action plans and strategies on problem credits 4. Regulatory * Keep current on all banking laws and regulations * Perform other duties as assigned or required Who we are Equity Bank, a full-service, $5 billion community bank, is based in Wichita, Kansas, with 72 bank offices throughout Kansas, Missouri, Arkansas, and Oklahoma. At Equity Bank, you can find exciting opportunities to challenge you, expand your skills, and reward your contributions. Our employees receive competitive compensation and benefits, while working in an atmosphere that encourages personal and professional growth. We’re searching for motivated individuals who are passionate about serving others, learning new technologies, and working as part of a team. Equity Bank offers a full range of financial solutions, including online and mobile banking, commercial loans, consumer banking, and mortgage loans, treasury management service, the best solutions for your business, and absolutely zero ATM fees, anywhere. What’s in it for you? We believe your benefits are an important part of your overall compensation package. We work year-round to ensure that we provide our employees with the most up-to-date, competitive program. We thoroughly evaluate our benefit plans and strive to provide quality benefits that support the physical and financial well-being of our employees and their families. Benefits Available: * Health, Dental & Vision Insurance * Group Life & Long-Term Disability Insurance * Flexible Spending & Health Savings Accounts * Group Cancer Insurance * 401(K) Retirement Plan w/ Company Match * Generous Vacation & Sick Time * Employee Stock Purchase Plan (ESPP) * Pet Insurance * Retail Banking Benefits Find your future at Equity Bank! The above statements are intended to generally describe the nature and level of work to be performed by most people assigned to this job. It is not intended as an exhaustive list of all responsibilities, duties, and requirements. Physical Requirements This position requires standing, walking, bending, and squatting on a regular basis. May require the ability to stoop, kneel, crouch or reach with hands and arms. Requires the ability to carry, lift, move or push up to 25 pounds on an occasional basis. Must be able to talk and listen to others. Work Environment This position regularly works in an office setting. Most of the job duties require the employee to be working with computers and electronic media on a regular basis. Equity Bank is an equal opportunity employer and will not make employment decisions based on an applicant’s race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

Responsibilities

The Special Assets Specialist manages internal controls reporting, repossession processes, and the periodic review of classified loans. They are responsible for ensuring proper accrual status, risk ratings, and compliance with SOX controls.