Director of Special Assets

Come to work for a company you can be proud to work for...and enjoy fantastic, comprehensive benefits. The hiring range for this opportunity is $160,000 to $220,000 annually along with incentive opportunities, creating a competitive total compensation package based on our pay scale, and may be modified by location and is commensurate with qualifications and experience. POSITION SUMMARY Responsible for the management of the Bank’s Special Assets Department (Consumer and Commercial Special Asset Loans, Leases, Credit Cards, and OREO). Manage and direct the activities of the Commercial Special Asset Officers and oversight of the Consumer and Small Business Special Assets Director to ensure collection or workout efforts are efficiently and timely performed to maximize the recovery of interest and principal of the Bank’s high-risk Consumer, Commercial, Agricultural, Oil & Gas, Participated and Syndicated loans and the sale of OREO properties; all while abiding by all laws and government regulations. Additionally responsible for the accurate and timely reporting of risk ratings, accrual status and collateral valuations of the Department loans and OREO. MAJOR RESPONSIBILITIES Guides employees to ensure that the department collection/workout efforts are maximized and performed in a timely manner with the least cost and the least loss to the Bank. Provides guidance on workout strategies, loan or forbearance recommendations, foreclosure/liquidation of real or personal property, transfers and sales of OREO and approves actions when the officer’s authority is exceeded. Reviews and approves, within delegated authority, charge-offs, risk rating changes, and additions and deletions from accrual/nonaccrual. Provides management assistance and oversight to the Director of Consumer and Small Business Special Assets. Monitors the collection efforts of all delinquent Consumer loans, Branch Assigned Commercial Loans, Commercial Credit Cards, Commercial Leases, Death of Borrowers and Forced Placed Insurance. Monitors the risk rating and accrual status of the Consumer and Small Business Special Asset loan portfolios. Monitors the Bank’s delinquencies, payment performance and Monthly/Quarterly reports to ensure proper grading and assignment of accrual/nonaccrual status. Organizes and leads a quarterly meeting to promote the resolution of delinquent loans by quarter end. Performs impairment analysis to comply with the Bank’s SOX controls. Monitors and provides guidance to Bank employees with grade changes and accrual status. Performs impairment analysis to comply with the Bank’s SOX controls. Monitors the Bank’s Monthly Criticized/Classified Assets (the “Sublist”) to ensure risk ratings, accrual status, collateral analysis and loan reserves are accurate, and that write-downs or charge-offs are processed timely. Quarterly review of the criticized and classified list for possible sale of loans. If sales are to be pursued, reviews all documentation that is sent to possible buyers, tracks and monitors responses to buyer questions, analyzes and reports bids and final awards to ensure the sale is reported correctly for accounting purposes. Monitors the Bank’s OREO activities. Reviews monthly OREO reports to ensure OREO reserves are accurate and additional reserves are processed timely. Approves OREO expenses and OREO sales (when above the OREO Officer limits). Organizes and follows for the completion of Quarterly Problem Loan Reports to ensure these are available for the Bank’s Loan Examiners and Auditors. Reviews all Special Asset Quarterly Problem Loan Reports and Collateral Analyses for strategy, risk ratings, accrual status and proper accounting for reserves. Identifies, reports, and mitigates department processes and procedural risks. Creates and updates policies and procedures. Provides leadership and promotes teamwork within the department and organization. Strives to increase department and Bank efficiencies to decrease costs and simplify processes. Designs reports and forms to assist with department functions. Compiles data and reports to keep senior management and the Board of Directors of the department portfolio and department activities. Maintains a current understanding of Reg B, Fair Credit Reporting, Bank Secrecy Act (BSA), Office of Foreign Asset Control (OFAC), and Suspicious Activity Reporting to ensure the department is complying with these regulations. Responds to all requests for information from auditors, examiners and other Bank departments as well as responds to questions and findings in a clear and timely manner to avoid criticism from the auditors and examiners. Performs performance reviews and disciplinary actions as needed. OTHER RESPONSIBILITIES Maintains a current understanding of Bank policies and procedures in compliance with all federal and state laws, including but not limited to Bank Secrecy Act (SARs, CIP, OFAC), Information Security (GLBA), Identity Theft Red Flags, Financial Elder Abuse Reporting, and any other applicable regulations that may be specific to your job duties. Works with other departments to create department or Bank efficiencies whenever possible. Performs personnel actions including but not limited to: Assesses staff skill set (talent factor ratings), regularly meets with staff to prioritize and ensure timely completion of assignments as well as provide job and career guidance, anticipates and fill staffing as needed, assist with training and cross-training of staff, approves and tracks time off requests, and reviews, updates, and creates department job descriptions as needed. EDUCATION, EXPERIENCE AND OTHER SKILLS REQUIRED High school diploma or equivalent, required. Undergraduate degree in a related field, preferred. 10 years of increasing responsibility of managing a Commercial Loan or Special Assets portfolio that included high-risk loans with complex borrowing structures to a wide variety of industries and loan types including Ag, Commercial Real Estate, C&I, Oil & Gas, Construction and Government Guarantees. Experience with commercial credit transactions that have a syndication or participation component. Accordingly, such transactions are typically associated to larger commitments and complex financing arrangements for sophisticated borrowers, has strong knowledge and experience in all aspects of underwriting/structuring, analysis, diligence, and documentation of such transactions. 5 years of supervisorial or management experience. Demonstrated leadership abilities with a team comprised of direct and indirect reports. Ability to develop metrics to measure job performance of subordinates. Advanced knowledge of secured and unsecured lending practices, documentation, and legal requirements. Advanced knowledge of Consumer loan collection regulations and laws. Advanced knowledge of bankruptcy issues (Chapter 7, 11, 12, & 13), receivership, foreclosure, and personal property liquidations. Advanced accounting skills and a good understanding of accounting principles including those specific to the treatment of Criticized and Classified assets. Self-starter with excellent organizational and time management skills. Ability to simultaneously manage projects and audit requests in addition to the daily, monthly, and quarterly department tasks. Excellent verbal and written communication skills including presentation skills. Ability to present and interact with all levels of management. Ability to write policy, procedures, and job aids. Ability to mentor and train Workout Officers and others within the Bank to reach an acceptable resolution to problem loans that maximizes the Bank’s collection efforts. Exceptional knowledge of Bank and industry products and services including business and personal financial spreading systems. Strong knowledge of Safety & Soundness principles in a credit risk environment. COMPANY PROFILE Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ: TCBK) headquartered in Chico, California, with assets of nearly $10 billion and more than 45 years of financial stability. Tri Counties Bank provides a unique brand of Service With Solutions for communities throughout California with a breadth of personal, small business and commercial banking services, plus an extensive branch network, more than 37,000 surcharge-free ATMs nationwide, and advanced online and mobile banking. Tri Counties Bank remains strong and profitable through our top-down commitment to our core values, sound business principles and responsible lending practices. Our success is also based on our community engagement. We still believe in the vision of the helpful and caring community banker. As we grow and serve more communities, we become more involved, providing substantial financial and volunteer support to local economies and community organizations. We applaud our employees who roll up their sleeves to work and volunteer for a greater good in our communities. Tri Counties Bank hires individuals who are qualified for the role and who represent the communities in which we serve. We look to place people in positions where they can best utilize their abilities and strengths, and where they are able to grow with the Bank. Tri Counties Bank is an Affirmative Action and Equal Opportunity Employer, Race/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/Disability/Veteran. #J-18808-Ljbffr