Special Assets Senior Officer

First Interstate BancSystem • Omaha, NE

1d • $115,900 - $191,300

About The Position

The Special Assets Senior Officer manages an assigned portfolio of problem assets focusing on the restructuring, rehabilitation, prompt collection, and liquidation of assets. This position will be responsible for managing the most complex credit relationships within the Special Asset Group (SAG) and may have direct supervisory responsibilities of other employees.

Requirements

• Ability to read, analyze, and interpret the most complex documents.
• Ability to respond effectively to the most sensitive inquiries or complaints.
• Ability to effectively communicate both orally and in writing with a diverse audience.
• Excellent negotiation skills along with strong technical writing.
• Advanced financial, credit, and collateral analysis skills.
• Well versed on foreclosure processes and bankruptcy laws.
• Ability to independently analyze and resolve problems involving complex credit relationships.
• Capable of establishing effective recovery plans which limit loss exposure.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
• Ability to deal with complex problems, protect the Bank’s interests, and resolve problem credit relationships within a reasonable timeframe.
• Proven ability to work independently.
• Bachelor's Degree in Accounting, Finance, or related field required
• 10+ years related experience, training, and/or equivalent combination of education and experience required
• Dexterity of hands/fingers to operate computer keyboard and mouse - Frequently
• Sitting - Frequently
• Standing - Occasionally
• Noise Level - Moderate
• Typical Work hours - M-F (8-5)
• Regular and Predictable Attendance - Required
• Travel to borrower’s place of business and/or construction sites - 10%

Nice To Haves

• Special Asset experience preferred

Responsibilities

• Manages, rehabilitates, and/or dispositions all assigned assets.
• Establishes workout strategies and goals for assigned credits.
• Prepares comprehensive quarterly Problem Loan Reports.
• Negotiates with borrowers regarding restructuring, collection, and enforcement activities.
• Works with inside and outside legal counsel and third parties in resolving problems.
• Assigns risk ratings, potential loss exposure, and accrual statuses on managed portfolio.
• Communicates with assigned clients and documents the credit file.
• Approves credit requests and charge-offs within the assigned lending limit.
• Maintains compliance with all state and federal banking laws and regulations and internal lending policies and procedures.

Benefits

• Generous Paid Time Off (PTO) in addition to paid federal holidays.
• Student debt employer repayment program.
• 401(k) retirement plan with a 6% match.
• medical, dental, vision, short-term and long-term disability benefits and life insurance, flexible spending accounts, health savings account, employee assistance program, 401(k), Paid Time Off (new hires accrue at .069 per hours worked which equates to approximately 18 days per year inclusive of paid sick time) and up to 11 paid Federal holidays.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 501-1,000 employees