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Senior Special Assets Officer (or a Special Assets Officer)

Company: Tri Counties Bank
Location: Roseville
Posted on: May 3, 2021

Job Description:

There is a reason many say making the move to Tri Counties Bank was the best career move they ever made. Check us out to find out why.

Depending on candidate's experience and expertise we can hire either a Senior Special Assets Officer or a Special Assets Officer.

POSITION SUMMARY for the Senior Special Assets Officer

Responsible for the relationship management, collection and restructuring of the Bank's problem loans. Negotiates sale or liquidation of the assets securing these loans when necessary. Approves transactions within delegated authority. Interacts with customers, other bank departments, the Bank's Chief Credit Officer and third parties to manage and report the risks of assigned loans.

MAJOR RESPONSIBILITIES

  • Analyzes all risks (financial, collateral, structural and legal) of the bank's higher risk loans to structure a workout solution that maximizes collection from these troubled borrowers in the most expeditious manner possible. Makes recommendations or approves under delegated authorities to retain, manage the borrower out of the Bank or liquidate the collateral (voluntarily by borrower or through foreclosure/repossession).
  • Negotiates with borrower to structure the workout to provide the best possible result to the Bank; bringing in outside consultants/specialists/attorneys and other bank departments as needed to assist with problem solving or the structure of a transaction
  • Exercises sound credit and risk judgment in approving transactions/restructures. Recommends approval when the transaction/restructure size exceeds authority limits. All transactions are structured/performed in adherence to laws regulations and, whenever possible, to other Bank policies and guidelines.
  • Monitors the borrower's workout plan and account activities to insure timely repayment and to maximize collection; addressing problems as they occur to avoid unnecessary delays or future collection issues.
  • Evaluates collateral, loan documentation, and financial information to determine borrower's ability to repay and deficiencies in documentation or collateral. Develops repayment, collateral and documentation plan accordingly.
  • May represent the bank in court on litigations and bankruptcy cases.
  • Handles all activities necessary to foreclose on real property held as collateral.
  • Directs the liquidation of non-real property assets.
  • Analyzes and determines impact of bankruptcy filings; ensures protection of Bank's position as a creditor.
  • Assesses and reports grading, nonaccrual and TDR issues as well as provides advice and counsel to lending units on the same and in the handling of troubled loans.

OTHER RESPONSIBILITIES

  • Maintains a current understanding of Bank underwriting guidelines, procedures, policies and compliance issues. Maintains a knowledge of regulatory requirements for documentation and regulations relating to commercial lending as well as maintains a working knowledge of Consumer rules and regulations.
  • Maintains a current understanding of Bank policies and procedures in compliance with all federal and state laws, including but not limited to Bank Secrecy Act (SARs, CIP, OFAC), Information Security (GLBA), Identity Theft Red Flags, Financial Elder Abuse Reporting, and any other applicable regulations that may be specific to your job duties.
  • Accurately reports and adjusts risk ratings (grades), non-accrual or accrual status and inclusion or removal of loans from the bank's troubled debt restructure list on a timely basis.
  • Controls legal and other expenses associated with assets under management.
  • Performs additional duties and project as assigned.

EDUCATION, EXPERIENCE AND OTHER SKILLS REQUIRED

  • High school diploma or GED required.
  • More than five years of experience in Special Assets, Commercial Lending or comparable positions preferred.
  • Undergraduate degree in Finance, Business Administration or Accounting, or related lending or workout experience preferred.
  • Demonstrated ability to interpret and underwrite the most complex commercial credits in the Bank with minimal guidance or oversight. Subject matter expert across a broad range of credit topics including financial statements and cash flow analysis, legal concepts pertaining to workouts, collateral analysis. Track record of appropriately utilizing credit approval authority to make sound workout recommendations on complex commercial credits in line with the Bank's credit culture, policies and procedures. Good knowledge of Bank rules, regulations and accounting (especially those factors that impact the Bank's income statement and balance sheet such as grades, accrual/nonaccrual, TDR and impairment). Must have the ability to train, mentor and supervise junior workout personnel. Expert user of Bank systems, software, and third-party vendor platforms. Possess leadership abilities in a team environment and provide project leadership. Assists the Department Manager in identifying training needs for staff within the department and generating ideas to improve department efficiencies. Ability to supervise in manager's absence.
  • Understanding of secured and unsecured lending practices, documentation and legal requirements.
  • Analytical and accounting skills to include the ability to analyze personal and business financial statements of many industries.
  • Ability to understand and analyze real estate and personal property appraisals, especially difference in valuation methodologies that derive final values.
  • Good written, verbal and interpersonal skills.
  • Willingness and ability to negotiate with troubled borrowers.
  • Ability to utilize personal computers and Windows driven programs.
  • Good understanding of Bank products and services.
  • Self-starter, good time management skills.

COMPANY PROFILE

Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ:TCBK) headquartered in Chico, California, providing a unique brand of customer Service with Solutions available in traditional stand-alone and in-store bank branches in communities throughout Northern and Central California.

The Bank provides an extensive and competitive breadth of consumer, small business and commercial banking financial services, along with convenient around-the-clock ATM, online and mobile banking access.

Tri Counties Bank has remained strong and profitable through a top-down commitment to its core values, sound business principles and responsible lending practices.

Our success is also based on our involvement in the communities we serve. The personal touch comes naturally to Tri Counties Bankers. You may recognize us at business, school and non-profit events, baseball games and local eateries, skiing in the mountains, boating on the lakes, and fishing the local streams or attending an event in The City or on the peninsula.

Keywords: Tri Counties Bank, Roseville , Senior Special Assets Officer (or a Special Assets Officer), Other , Roseville, California

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