Openings

Special Assets Manager

Angott Search Group has partnered with their banking client in their search for a Special Assets Manager. This person will direct and supervise the overall loan workout and collection activities regarding the commercial and consumer/mortgage loan delinquencies of the Bank.

Responsibilities:

  • Manage direct reports by hiring, coaching, counseling, training, discipline and terminating, as appropriate.
  • Maintain regular communication with direct manager regarding status of delinquent criticized accounts in the commercial and consumer areas.
  • Participate in the development of collection policies and procedures for foreclosure, credit for payment of delinquent accounts, and other default procedures.
  • Meet regularly with the Board of Directors and the Banks Loan Committee to provide insight into issues related to troubled accounts facing the Bank.
  • Approve subordinate personnel collection activities regarding workouts of loan payments on delinquent accounts, assisting in procedures when necessary.
  • Direct foreclosure of delinquent accounts determined to be unrecoverable, ensuring that all proper documentation is accounted for and all data are properly entered.
  • Chair the Problem Loan Committee (PLC) to ensure the timely approval and management of credit actions related to Criticized Assets.

Qualifications:

  • Over ten years of collection experience in the areas of commercial accounts, consumer accounts and mortgage/real estate accounts; plus 3-5 years supervisory experience involving multiple employees.
  • Bachelor’s Degree or equivalent in Business Administration, finance or accounting or related field focusing on analysis of customer financials. Master’s Degree is desired.
  • Strong credit and underwriting experience.
  • Direct leadership experience and influencing beyond team being managed.
  • A high level of initiative, thoroughness, accuracy and organizational skills required.
  • High level of confidentiality required.

To apply for this job email your details to ctudor@asgteam.com

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