Special Assets Manager - To $175K + Bonus - Tampa, FL - Job # 3346

Special Assets Manager – To $175K + Bonus – Tampa, FL – Job # 3346

Who We Are

The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!

We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.

The Position

Our bank client seeks to fill a Special Assets Manager role in the Tampa, FL area. The selected candidate will be responsible for Loss Mitigation, Loan Resolution and Guaranty Preservation functions. In this highly visible position, the Special Assets Manager interfaces with Senior Management to manage, approve, and coordinate execution of corrective action plans, manage problem credits to resolution, and provide detailed reporting on the results.

This position includes a generous salary of up to $175K and an excellent benefits package. (This is not a remote position).

Special Assets Manager responsibilities include:

• Effectively manage team and processes to support all aspects of the bank’s past due and non-performing loan accounts.
• Provide guidance in developing appropriate, balanced, and actionable plans and processes to mitigate risk for the bank and third-party constituents, such as the SBA.
• Oversee the process of problem loan modifications and liquidation plan submission to the SBA to seek the best possible outcome for the bank and borrower, while abiding by SOP rules of the SBA, where applicable.
• Ensure timely and accurate reporting to loan officers, management, and the Board including reporting for the weekly Past Due Meeting, Monthly Problem Loan Meeting, Quarterly Asset Quality Committee Meeting, Directors Credit and Loan Committee, and other reporting as necessary.
• Ensure timely reporting to senior management on exposure and potential losses, reserve amounts, and risk-rating changes.
• Lead Special Assets teams in the compilation of pertinent data, placement of contractors/auditors, and management of expenses in workout situations.
• Analyze data to report on the financial deficiencies of non-performing loans and maintain/retain data and records on non-performing loans in Pass, Special Mention, and non-Performing status.
• Coordinate information flow between Special Assets department and other bank personnel and/or departments as needed to manage problem accounts, primarily Portfolio Management and Loan Operations.
• Oversee the repurchase of collateral and liquidation of assets on non-performing loans. Report results and problems to management to minimize loss.
• Manage internal and external resources required in the sale of repossessed assets, including personal property, business assets, vehicle inventory, and REO.
• Coordinate interaction with attorneys, business principals, and outside agents to limit exposure, fulfill requests for information, and communicate to all parties involved with non-performing loans.
• Ensure adherence to policies, procedures, and other appropriate compliance measures in handling Special Assets accounts.
• Distribute reporting to outside loan pool investors and act as primary contact regarding portfolio performance.

Who Are You?

You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:

• Thorough knowledge of commercial lending with emphasis in C&I and SBA financing
• Solid understanding of liquidation aspects of SBA SOP.
• Preferred knowledge of consumer lending, and related collection practices
• Extensive knowledge of accounting, financial statement analysis, cash flow, and credit workout/collections
• Knowledge of financial and legal processes of all aspects of commercial lending
• Thorough computer knowledge of Microsoft Office, including Word, Excel, and PowerPoint
• Solid sense of compliance needs as they relate to FDCPA, SCRA and other regulatory requirements.
• Ten or more years of directly related professional level experience in commercial lending bank environment.
• Expertise in creating and presenting ideas to executive management.
• Three or more years in a management role, providing leadership, coaching, guidance and training, and contributing to staff development.
• Bachelor’s Degree in related field required.

The next step is yours. Email us your current resume along with the position you are considering to:

[email protected]