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Sr. Credit and Specialist Assets Officer

Overall Accountability:

Act as Commercial Special Assets Officer and back up to Chief Credit Officer for the Credit Union. Accountable for the mitigation of loss and resolution of Special Asset and delinquent credits in the Member Business Loan portfolio. Ensure protection of the Credit Union through development and management of practices to control and reduce delinquency and loss related to the loan portfolio. Develop and implement risk management strategies that reduce risk exposure and losses related to the loan portfolio. Position will have accountability of Portfolio Management Team, providing expertise and oversight to maintain credit quality and detailed reporting of the Commercial and Government Guaranteed Loan portfolios.

·         Voting member of the Senior Loan Committee, to chair in the absence of the SVP & Chief Credit Officer.

·         Provides leadership and support to Credit Administration staff in the absence of the SVP & Chief Credit Officer.

·         Monitors and keeps a pulse on the business environment to predict and analyze risk and address concerns with proactive strategic plans.

·         Manage overall risk in the Member Business Loan Portfolio.

·         Establish processes and systems for portfolio management, special assets, and risk monitoring of the loan portfolio.

·         Develop and utilize performance metrics and reports for all areas of lending operations. (ex. Loss ratio analysis, delinquency, loan production, decision timings, quality control, etc., etc.)

·         Enhance, develop, implement, and lead the Special Assets Department for the Credit Union.

·         E nhance, develop, implement, and lead Portfolio Management Teams.

·         Enhance, develop, implement, and administer all Consumer Loan Collection Workouts and Trouble Debt Restructures.

·         Responsible for management of the Credit Union’s commercial loan portfolio that is in a troubled loan status.

·         Performs analysis to determine the cost/benefit of recovery activities; must have significant knowledge/experience with creditor’s rights.

·         Directs the activities of outside counsel; responsible for monitoring and managing Defaulted Loan Expense.

·         Routinely consults with lenders and senior management regarding asset quality, including but not limited to, shadowing significant lending relationships, prompting the line to respond to matured and/or delinquent loans, and consider accrual status and charge-offs.

·         Personally manage a portfolio of assigned Special Assets Credits.

·         Communicate directly with Borrowers / Guarantors for collection of required items.

·         Provide regular updates to the Chief Credit Officer and Member Business Loan Committee on all troubled loans and Special Assets as far as their disposition and resolution.

·         Serve as an essential point of contact for state and federal examiners, internal and external auditors, and internal and external accountants.

·         Provide updates and recommendations to Senior Management and the Board of Directors related to portfolio performance and Special Assets.

·         Maintain and manage all OREO property.

·         Partner with Government Guaranteed Loan Department to ensure preservation of loan guarantees and adherence to SBA loan program procedures.

·         Maintain strong communication with Accounting/Finance will any restructuring or modification of troubled loans and Special Assets.

·         Manage vendor relationships specific to loan resolution efforts.

Required Qualifications

Bachelor’s degree in Business, Accounting, or Finance or a combination of a related field or equivalent experience. Ten years financial services experience including at least 5 years’ extensive experience in; commercial lending, loan workouts, portfolio management required. Three year’s experiences in Small Business Administration (SBA) workout and liquidation. Knowledge of the SBA SOP, wrap up reports, bankruptcy workout, foreclosure, and disposition of collateral. Knowledge of lending, laws, and regulations together with those related rules and regulations of our primary regulator. Experience negotiating and maintaining vendor contracts.  Ability to speak and present effectively to upper management, industry groups and members. Ability to read, analyze and interpret technical procedures, financial reports, legal documents, and government regulations. Strong analytical skills to assist in identifying least cost alternatives and perform reliable cost benefit analysis. Must have in-depth knowledge of creditor’s rights and insolvency, including residential, consumer and commercial loan documentation and the role this documentation plays in accelerating loans, managing bankruptcies, and exercising legal remedies.

Preferred Qualifications

Substantial knowledge of Creditor Rights and legal remedies related to loan enforcement. Substantial knowledge and experience related to SBA Lending and the SBA Standard Operating Procedure specific to loan is liquidation.

Physical Requirements:

·         Occasionally required to stand, walk, stoop, kneel or crouch.

·         Frequently required to sit.

·         Regularly required to use hands to finger keys accurately when using calculator machines or computer keyboards; reach with hands and arms.

·         Occasionally lift and/or move up to 25 pounds.

·         Specific vision abilities required by this job include close vision, ability to adjust focus.

·         The noise level in the work environment is usually moderate.