Special Assets Portfolio Manager

4 weeks ago

Jefferson City, Missouri, United States First Mid Bank & Trust Full time
Job Summary

The Special Assets Officer I is responsible for managing a portfolio of classified assets within established bank policies and procedures to minimize losses and maximize recoveries on loans, repossessed assets, and other real estate owned. This role requires a fair and ethical approach to collection efforts, consistent with applicable regulations and laws, to minimize inherent risks. The Special Assets Officer I typically works with small to mid-size loans with low to medium complexity.

Key Responsibilities

• Identify and minimize potential losses and maximize recoveries on assigned loan portfolios through collection activities, developing and negotiating workout action plans, and evaluating bank collateral and documentation.

• Determine and report the appropriate risk classification and recommended reserve for problem loans where applicable.

• Review delinquency, maturity, and unpaid tax reports and follow up with borrowers and loan officers as necessary.

• Prepare and maintain client contact records, monthly and quarterly reports, and other relevant documentation.

• Monitor and manage accounts in bankruptcy, engage bank attorneys when necessary, and oversee the preparation of bankruptcy proof of claims.

• Prepare documents for repossessions and legal actions against debtors, and engage bank attorneys to foreclose or repossess collateral when necessary.

• Maintain bank-owned property according to bank policy, review and execute sale documents, and participate in the closing of the asset.

• Recover past due balances, judgments, or negotiate recovery with the appropriate approval.

• Assist with routine audits and complete required training associated with the job function.

Qualifications

• Bachelor's degree or equivalent of two to four years related experience and/or training, or equivalent combination of education and experience.

• Good communication skills, both verbal and written, are preferred.

• Ability to meet tight deadlines, work independently, problem solve, set and achieve priorities and goals.

• Analytical skills sufficient to conduct analysis of problem loans and make recommendations and/or act upon the workout plan.

• High level interpersonal skills to interact with customers, other departments, and bank attorneys in a professional manner.

• High working knowledge of both internal policies and procedures and the laws and regulations governing departmental functions to ensure performance of individual job duties within the proper control environment.

• Thorough understanding of loans and loan systems.

• Strong computer skills and proficient knowledge of word processing and spreadsheet functions.

Equal Opportunity Employer

First Mid Bancshares, Inc. is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.

This job description does not constitute a contract for employment.

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