Senior Portfolio Strategist

The Special Assets Manager plays a pivotal role in overseeing the special assets management at our institution. This strategic leader is responsible for designing and implementing effective strategies to mitigate potential losses and maximize recoveries on all loan portfolios.

This includes leading oversight of policy, procedures, and regulatory compliance and controls; including development and implementation of recovery strategies for problem loans through negotiated modifications, forbearances, managed litigation, and collateral liquidation. The successful candidate will lead a dynamic team of professionals promoting a risk culture that balances risk and reward across business activities while ensuring fair and ethical conduct.

• Key responsibilities include identifying and minimizing potential losses and maximizing recoveries on all loan portfolios through analysis of individual credits, related portfolios, and industries, collection activities, developing/negotiating/execution of workout action plans, proposing loan restructures, managing negotiations and legal actions, evaluating bank collateral and documentation, and recommending alternative solutions as well as judgment/foreclosure litigation, asset liquidation, and bankruptcy.
• Manages workout/collections portfolio reviews and makes recommendations for approvals where necessary.
• Oversees determination and reporting of appropriate risk classification and ratings for problem loans, reserves, and charge-offs, and related portfolio and financial statistics.
• Attends and participates in the Loan Administration Committee.
• Works closely with credit professionals to help identify and mitigate problem assets.
• Develops and implements risk management strategy and programs; manages and monitors significant portfolio risks.
• Prepares reports for and leads the Special Assets Committee meeting on a monthly basis.
• Works effectively and strategically with business leaders balancing business needs with potential risks to mitigate loss.
• Makes recommendations and provides workable alternatives to borrowers as appropriate.
• Coordinates legal counsel throughout various litigation matters.
• Oversees OREO and note sales, seeking to minimize cost and maximize recovery to the Bank in accordance with regulatory requirements.
• Manages a team of special asset professionals located throughout our footprint.
• Responsible for all aspects of the team member life cycle, including recruitment, performance, and development.
• Other duties as assigned.

Education:

• Bachelor's degree preferred but not required.

• 5+ years of experience in commercial lending, workout, or relevant experience.
• 3-5 years management experience.
• Knowledge of lending, foreclosure, and judgment laws.
• Highly skilled in commercial lending workout across product/asset types including commercial loans, inventory/floorplan finance, commercial real estate.
• Skilled in remote team management, working knowledge of regulatory requirements for subject portfolios.

• Ability to gain thorough knowledge of products and services.
• High level of analytical skills to conduct loan analysis and maintain loan progress in consideration of market trends, credit/interest rates, economic conditions, and other factors.
• High level of interpersonal skills to interact with internal and external customers and potential customers in a professional manner.
• Ability to gain and maintain up-to-date knowledge of both internal policies and procedures and respective state and federal laws and regulations governing departmental functions to ensure performance of individual job duties within the proper control environment.
• Quarterly travel required; monthly travel on occasion due to business needs.

We are an Equal Opportunity 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.