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SBA Special Assets Officer

2 months ago

New York, New York, United States First Internet Bank Full time
About the Position:

Job Summary:

The SBA Special Assets Officer will play a critical role in the management of delinquent, non-performing, or adversely classified SBA loans within the First Internet Bank portfolio. This position requires a high level of expertise in credit risk management, loan resolution, and negotiation.

Key Responsibilities:

  • Coordinate with Portfolio Managers to develop long-term strategies for credits in distress prior to transfer to the Special Assets Department.
  • Assist in the collection of payments, modification of loan structures, and other workout-related activities for loans managed by the Special Assets Department.
  • Collect and analyze financial reports to determine a deeper understanding of credit risk associated with assigned credits, and recommend action plans for resolving the same.
  • Aid in ensuring the most cost-effective approach to liquidation and recovery by working extensively with outside counsel, auctioneers, appraisers, landlords, and other third parties.
  • Prepare Purchase Demand Kit(s), CPC Expense Requests, Litigation plans, Wrap Up reports, and other documentation packages as required for submission to the SBA.
  • Work directly with the SBA and bank counsel to handle any issues related to the protection and honoring of the guaranty.
  • Analyze and identify impairments/write downs, as well as required adjustments to risk ratings to maintain compliance with internal and external regulations.
  • Assist with the preparation of internal reports related to delinquency, work-out, resolutions, and recoveries of adversely rated credits.
  • Assist with the workout of non-SBA loans as needed.

Requirements:

  • Minimum of 3 years of direct experience working with SBA in a Special Assets Role.
  • Ability to manage a high volume of loans, including multiple loans at any given time.

Working Conditions/Demands:

  • Professional office setting.
  • Primarily sedentary position requiring long periods of time working at a computer.
  • Must be able to move throughout the office and buildings to obtain or relay information.
  • Must be able to perform the essential functions of the position with or without reasonable accommodation.
  • May require occasional travel in order to perform site visits.