Senior Asset Management Officer

2 weeks ago


Tampa, Florida, United States Seacoast Bank Full time
Senior Asset Management Officer Role at Seacoast Bank

The Senior Asset Management Officer (SAMO) plays a crucial role in overseeing distressed borrower engagements and managing loans with adverse classifications, ensuring adherence to both state and federal regulations as well as Bank policies. This position requires close collaboration with borrowers, legal representatives, and internal Bank teams to safeguard the interests of the Bank through effective negotiation and documentation.

Key Responsibilities:
  • Act as the primary loan or asset manager for designated borrower relationships
  • Formulate legal action strategies in partnership with the SAD Director and CCO
  • Execute work-out strategies tailored to various loan categories
  • Continuously monitor assigned loans and provide status updates to Management
  • Direct pre-default loan work-out initiatives
  • Engage in negotiations with bank legal counsel and borrowers to maximize recovery
  • Draft proposals for loan modifications and settlements
  • Comply with relevant regulations and institutional guidelines
  • Supervise collateral conditions and manage third-party collection agencies
  • Evaluate the implications of borrower bankruptcies
  • Uphold Seacoast Bank's Code of Conduct
Qualifications:
  • Proven experience in loan documentation, collections, and regulatory compliance
  • Minimum of 5 years in collections or work-out roles
  • In-depth understanding of lending compliance standards
  • Exceptional interpersonal and communication skills
  • Strong organizational and analytical problem-solving capabilities
  • Bachelor's degree in Accounting, Finance, or a related field, or equivalent experience


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