Senior Special Assets Officer

4 days ago


Greensboro, United States Carter Bank & Trust Full time
Job Summary

The Senior Special Assets Officer is a critical role within Carter Bank & Trust, responsible for managing an assigned portfolio of at-risk consumer and commercial loans. This position requires a strong understanding of commercial credit acumen, negotiation skills, and the ability to make independent decisions while exercising sound judgment.

Key Responsibilities
  • Directly manage an assigned portfolio of at-risk consumer and commercial lending relationships with credit risk ratings of Special Mention, Substandard, and Doubtful
  • Manage assigned charge-off recovery matters (i.e. risk ratings of Loss)
  • Analyze assigned credits independently and develop and implement appropriate workout strategies
  • Negotiate forbearance agreements, amendments, waivers, and other matters with borrowers and other participating lenders, if any
  • Monitor and analyze financial statements and compliance reporting on assigned borrowers, sponsors, and guarantors
  • Prepare and present credit memos seeking approval for recommended workout strategies and other matters
  • Prepare and present reports on assigned credits at the bank's monthly Criticized Asset Committee meetings
  • Manage the collection of monthly data on the overall Special Assets portfolio, as well as Watch rated credits, from other areas within the bank, and analyze same for various purposes, including for inclusion in the monthly Criticized Asset Committee reporting package
  • Prepare impairment analyses, foreclosure sale bid sheets, and other documents and analyses, as needed
  • Engage and manage appropriate legal counsel relative to legal collection and restructuring matters, including bankruptcy proceedings, and foreclosure and replevin actions
  • Commission and review real estate appraisals and other collateral valuation estimates, as well as field exams on asset based borrowers and other outside resources, as needed
  • Engage financial advisory resources, as appropriate
  • Work collaboratively across multiple internal business units, including line lending units, loan operations and internal audit
  • Interface with bank regulatory authorities and internal and external audit on assigned portfolio
Requirements
  • Bachelor's degree in Business Administration, Finance, Economics, Accounting, or related field or an equivalent combination of education and experience required
  • Prior commercial lending, credit underwriting, and/or special assets experience
Skills and Qualifications
  • Strong commercial credit acumen and written credit analytical skills
  • Excellent negotiating, organizational, interpersonal, and written and oral communication skills
  • Ability to make independent decisions while exercising sound judgment
  • Ability to perform effectively in a fast-paced, adversarial and high stress environment
  • Ability to organize and coordinate multiple tasks and dynamic priorities
  • Ability to take the initiative and timely complete complex tasks, including various research and other special projects
  • Ability to be highly responsive and adaptable
  • High level of attention to detail
  • Strong problem solving skills
  • Working knowledge of the Microsoft Office suite of products, including Word, Excel and Outlook
Physical and Mental Qualifications
  • Standing, walking, bending and stooping required
  • Must be able to sit at a desk for long periods of time and use a computer
  • Must be able to occasionally move or lift up to 10 pounds
  • May be asked to work supplemental hours periodically
  • Limited travel required occasionally during and after business hours


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