Job Title: Special Assets Officer
Location: Dallas, TX
Position Type: Full-Time
Company Overview
We are a premier, well-established regional financial institution known for our strong commitment to relationship banking, financial strength, and stability. Ranking among the leading banks headquartered in Texas, we operate a robust statewide network of over 50 locations across major Texas markets. Backed by decades of experience, our knowledgeable team delivers a full suite of commercial and consumer banking products, providing highly personalized service and a single point of contact to help our clients reach their financial goals.
Position Summary
We are seeking a Special Assets Officer to manage an assigned portfolio of adversely graded and non-performing loans across commercial, real estate, and select consumer segments. This role is responsible for identifying credit risk, developing and executing comprehensive resolution strategies, recommending risk grade and reserve adjustments, and working to resolve criticized assets. The ideal candidate will maximize asset recovery while remaining fully compliant with all regulatory and legal requirements.
Key Responsibilities
- Portfolio Management: Manage an assigned portfolio of non-performing loans across commercial, commercial real estate, and select consumer segments, taking full responsibility for all associated collection and workout activities.
- Risk Identification: Identify emerging credit risk and recommend timely loan grade changes, specific reserves, and risk mitigation strategies in accordance with internal policy and regulatory guidance.
- Financial Analysis: Perform ongoing borrower and guarantor financial analysis to assess viability, repayment capacity, and exposure.
- Borrower Engagement: Engage directly with borrowers to resolve delinquency and non-compliance, utilizing professional negotiation and behavior-modification techniques.
- Legal & Regulatory Notices: Issue demand letters and formal notices consistent with legal and regulatory requirements.
- Legal Partnership: Manage relationships with outside counsel engaged to support collections, bankruptcy, litigation, foreclosure, and post-judgment collections.
- Credit Reporting: Document concise, well-supported credit narratives and recommendations for executive management and credit committee review.
- Resolution & Workout: Assist borrowers with resolution options, including collateral liquidation, forbearance, and refinancing.
- Enforcement Actions: Evaluate and execute enforcement actions, including foreclosure, judgment remedies, note sales, and charge-off recommendations.
- Reporting & Compliance: Create and maintain portfolio-level reporting on criticized assets and recovery trends for internal management, auditors, and regulators. Support regulatory exams, internal audits, and special asset reviews.
Role Requirements
- Education: Bachelor's degree in Business, Accounting, Finance, or a related field required.
- Experience: 5+ years of experience in commercial lending, loan workout, or relevant special assets management.
- Technical Expertise: Highly skilled in commercial lending workout across various product/asset types, including commercial loans, inventory/floorplan finance, and commercial real estate.
- Industry Knowledge: Demonstrated knowledge of credit administration, credit analysis, banking laws, and regulatory requirements.
- Communication: Ability to interface effectively and professionally with senior and executive-level management.
- Software Skills: Excellent PC skills, including proficiency with Microsoft Office products (Word, Excel) as well as custom banking applications and systems.
- Core Competencies: Excellent analytical, time management, and problem-solving skills; self-motivated with strong initiative, accountability, and a high attention to detail. Excellent judgment and decision-making skills to effectively resolve escalated concerns.