VP & Special Assets Recovery Officer

6 days ago


Los Angeles, California, United States Open Bank Full time
{"title": "VP & SAD Officer III", "description": "Job Summary

Open Bank is seeking a highly skilled and experienced VP & SAD Officer III to join our team. As a key member of our special assets portfolio management team, you will be responsible for managing the special assets portfolio and mitigating losses for the Bank.

Key Responsibilities
  • Develop and implement strategies to resolve classified loans and minimize losses on the current loan portfolio.
  • Analyze financial plans, negotiate loan collections or restructuring, and make recommendations for litigation, liquidation, or charge-off of loans.
  • Interact with borrowers to discuss their financial difficulties and negotiate repayment plans.
  • Collaborate with legal counsels, collection agencies, and external partners to enforce loan recovery efforts.
  • Review and prepare special assets reports for senior management and additional requested reports.
Requirements
  • Bachelor's degree in Business, Finance, or Accounting, or related field, or equivalent experience.
  • Minimum five years of experience in lending-related positions.
  • Ability to retain a broad knowledge of tasks performed in the lending and liquidation functions.
  • Good knowledge of lending regulations, lien laws, and loan documentation.
  • Professional image and communication skills.
Employee Benefits
  • Medical, dental, and vision insurance for full-time employees and their immediate family members.
  • Life, accidental death and dismemberment, and long-term disability insurance.
  • Flexible spending account for eligible out-of-pocket expenses.
  • 401(k) retirement savings plan with 100% company match.
  • Paid time off for vacation, illness, or personal reasons.
  • Employee assistance program for counseling, online tools, and resources.

Open Bank is an equal opportunity employer and offers a competitive compensation and benefits package to recruit, retain, and reward top talent. If you are a motivated and experienced professional looking for a new challenge, please visit our careers page to learn more about this opportunity and apply today.", "company": "Open Bank"}



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