Special Asset Loan Officer I

The Special Asset Loan Officer I manages delinquent loans, collections, and problem / nonperforming loans. This position manages and maintains Other Real Estate Owned (OREO), OREO sales and rental income, repossessions, bankruptcies, and various other duties.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Completes required BSA / AML training and other compliance training as assigned. This duty is performed annually.
2. The ability to work in a constant state of alertness and in a safe manner. This duty is performed daily.
3. Communicates with loan officers and management regarding problem credits (phone calls, meetings). This duty is performed daily, about 50% of the time.
4. Coordinates necessary documentation for collection purposes. This duty is performed daily, about 10% of the time.
5. Facilitate resolution of payment arrangements. This duty is performed daily, about 10% of the time.
6. Review, code and approve OREO bills, collection bills, and legal bills. This duty is performed as needed.
7. Prepare management ad hoc reports related to Special Assets and past dues. This duty is performed monthly, about 15% of the time.
8. Finalizing OREO sales for closing / application of sale proceeds to GLs. This duty is performed as needed.
9. Attend legal proceedings and foreclosure sales on behalf of the bank. This duty is performed as needed.
10. Discuss Bankruptcies / collection cases with legal counsel. This duty is performed weekly, about 20% of the time.
11. Review and Monitor Bankruptcy Case and Complete Bankruptcy Claim Forms / Reaffirmations. This duty is performed weekly, about 50% of the time.
12. Manage OREO (maintenance, rental income, utilities, repairs, etc). This duty is performed as needed.
13. Collection Calls / Make payment arrangements with past due customers. This duty is performed weekly, about 15% of the time.
14. Attend meetings and Discuss with Management problem loans and OREO. This duty is performed weekly, about 15% of the time.
15. Locate or Skiptrace to find delinquent customers for collection / judgments. This duty is performed monthly, about 15% of the time.
16. Communicate with Realtors and Title companies on pending OREO sales. This duty is performed as needed.
17. Show OREO to potential buyers and negotiate sales terms. This duty is performed as needed.
18. Order and assign out repossessions. This duty is performed monthly, about 5% of the time.
19. Apply and monitor monthly Bankruptcy payments. This duty is performed monthly, about 20% of the time.
20. Review and Monitor past due loans and problem loans for loan adjustments. This duty is performed monthly, about 10% of the time.
21. Order and Review appraisals for Problem Loans for Transfer to OREO. This duty is performed monthly, about 10% of the time.
22. Maintain OREO files. This duty is performed monthly, about 10% of the time.
23. Perform any other related duties as required or assigned.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required.

EDUCATION AND EXPERIENCE

Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four-year college degree, plus 5 years related experience and / or training, and 3 years related management experience, or equivalent combination of education and experience.

COMMUNICATION SKILLS

Ability to read, analyze, and understand common scientific and technical journals, financial reports, and legal documents; Ability to respond to complex or difficult inquiries or complaints from customers, regulatory agencies, or members of the business community.

MATHEMATICAL SKILLS

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts such as fractions, ratios, and proportions to practical situations.

CRITICAL THINKING SKILLS

Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, or diagram formats.

REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS

Not indicated.

PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS

Not indicated.

SOFTWARE SKILLS REQUIRED

Intermediate : Contact Management, Spreadsheet, Word Processing / Typing

Basic : 10-Key, Accounting, Database, Presentation / PowerPoint

WORKING CONDITIONS

Somewhat disagreeable working conditions. Continuously exposed to one or two elements such as noise, intermittent standing, walking; and occasional pushing, carrying, or lifting.

ENVIRONMENTAL CONDITIONS

The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

PHYSICAL ACTIVITIES

The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.

Moderate diversity, low physical. Work activities which allow for a moderate amount of diversity in the performance of tasks which are not as varied as those positions with high-level diversity and decision-making.

While performing the functions of this job, the employee is continuously required to sit, use hands to finger, handle, or feel, talk or hear; regularly required to reach with hands and arms; frequently required to walk; and occasionally required to stand. The employee must occasionally lift and / or move up to 25 pounds. Specific vision abilities required by this job include close vision.

ADDITIONAL INFORMATION

Required :

• Banking experience in the field of Special Assets to include knowledge of bankruptcies.

Preferred :

• Bachelor's Degree or Special Assets banking experience.