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Special Assets Officer III
A Special Assets Loan Officer III is responsible for the management, servicing and resolution of a portfolio of problem commercial loans, including complex commercial C&I / CRE loans and foreclosed real estate located throughout the country. Matters include an emphasis on obtaining efficient resolutions which maximize the repayment of the loans and minimizing bank loss.
What You Will Be Doing
- Management of commercial loan portfolio, including complex C&I / CRE loans and small business / SBA loans.
- Analyzing assigned accounts and loan documentation to identify issues while recommending and implementing cost-effective solutions to protect the bank's interest.
- Obtaining and analyzing financial statements/tax returns, identifying strengths and weaknesses.
- Formulating and proposing loan approvals, maintenance, and compliance in standard bank format
- Monitoring assigned portfolio, maintaining current credit information within files.
- Conducting and documenting borrower and site visits to review operating status and collateral, identify potential problems/needed repairs and quantify liquidation/recovery probabilities.
- Locating, retaining and working closely with outside counsel where legal action is required to protect the bank's interests.
- Monitoring status of litigation and implement foreclosure actions when necessary.
- Participating in periodic portfolio review discussions with bank management and Watch Committee
- Exercising best efforts to collect charge-off credits
- Special projects, as identified and assigned by management
- Bachelor's degree (B. A.) from four-year college or university, preferably in Business/Finance
- Minimum of 7 to 10 years banking or finance industry experience and/or training or equivalent combination of education and experience
- Experience in management of complex commercial loan portfolio
- Experience with the workout of criticized C&I and CRE commercial and small business / SBA loans strongly preferred
- Base knowledge of foreclosure and bankruptcy proceedings
- Knowledge of bank operations and credit functions
- Proven proficiency in Microsoft Windows environment; Word and Excel required
Be a part of a growing company that is truly committed to its employees and clients. Consider joining the First Bank family. As a member of our family, you are part of one of the largest independent banks in the U.S. We are proud of our growth and success over the past 100 years and look forward to a bright and promising future.
DiversityAt First Bank one of our biggest strengths is the diversity of our people. Our mission is to capitalize on the diversity of our associates and promote personal and professional development throughout every area of the organization. We encourage diversity by actively seeking employees from various backgrounds, walks of life, and job skills. We strongly encourage you to apply whenever a First Bank job opportunity interests you.
First Bank is a VEVRAA Federal Contractor and an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected Veteran status.
Attn: Applicants interested in a San Francisco based position: First Bank will consider qualified applicants with a criminal history in a manner consistent with the San Francisco Fair Chance Ordinance.