Special Assets Manager

Special Assets Manager

For a Pacific Northwest Commercial Bank

Commercial Bank:

One of the fastest growing and best managed bank’s in the Western US is expanding its growth in the Greater Seattle area.  This valued client is seeking several Special Assets Managers and Loan Workout Specialists.

Position Overview:

The Special Assets Manager (SAM) with a minimum of 3 years SAM experience oversees the management and resolution of the Bank’s criticized and classified loans, leases and assets.  The SAM will oversee the workout process for the assigned portfolio, including setting resolution strategies for specific accounts and providing guidance and management of the CAD RMs having primary account responsibility. This position participates in, administers, and evaluates all available quantitative and qualitative analysis relating to problem loans. In addition, the SAM determines appropriate specific reserves in accordance with FASB 114 analysis and assists the CCO in preparation of the ALLL. This position reviews and signs off on all CCRAs, Risk Grade Changes within his/her authority and charge off requests and/or waivers within his/her authority.  As an expert practitioner, the SAM is responsible for managing certain case-basis problem assets originated by the Bank.

Core Responsibilities:

• Partners with Commercial Banking, Wealth Mgt., Construction Loan and Consumer Banking leaders to work specific loan accounts for resolution and evaluate credit/loss risk.
• Evaluates, monitors, administers the CCRA process to ensure accuracy and completeness.
• Acts a chairman of the Bank’s Special Asset Committee and report findings to Senior Mgt.
• Participates in the Commercial Banking Group “Watch Committee" meetings.
• Administers the risk grade change approval process, process and report covenant waivers and default actions.
• Evaluates, participates in, and supports underwritten assets.
• Direct workouts of problem assets. Oversee and monitor the Delinquency Management Unit to regulate standards.

• Exercises managerial authority over assigned staff including affirmative action, performance reviews, training, employee development, etc; oversees assigned department budget process.

·        Ensures that appropriate risk management policies, procedures, processes, and standards are incorporated into daily assignments and work flow processes and is responsible for maintaining high levels of awareness as related to the Bank’s risk management policy.

• Attends internal/external conferences, training, conventions, meetings, etc. to develop professional expertise and maintain professional contacts.

Requisite Experience, Education, Abilities and Skills:

·        Four-year degree in business, economics or a related field, with courses in finance/accounting and other analytics, or any combination of education, experience, or training.  MBA desirable.

·        Ten to fifteen years banking or commercial finance experience, of which three years experience successfully administering credit risk, including commercial credit workouts in CRE and C&I transactions, and experience with appraisals and reviews.

·        Functional knowledge bankruptcy law and commercial loan documentation.

·        Must have a working knowledge of loan underwriting standards.

SPECIAL NOTE TO MORTGAGE INDUSTRY JOB SEEKERS: