As the SBA Special Assets Manager, you will play a key role in the monitoring and resolution of distressed, impaired, and otherwise adversely rated credits on behalf of the SBA Division. You will supervise the ongoing handling, monitoring, and resolution of delinquent, non-performing, or otherwise adversely classified SBA loans within the First Internet Bank portfolio and will work in tandem with the VP, SBA Servicing to properly identify, analyze, and mitigate risk to the SBA portfolio and larger bank.
Requirements
- Provide proactive oversight and timely resolution of a portfolio of adversely rated SBA, commercial, and other distressed assets.
- Lead a team of Special Asset Officers in the negotiation, structure, and implementation of loan level workout agreements in support of the rehabilitation or exit of distressed credits.
- Underwrite, approve, and drive workout and recovery initiatives on a per loan and general portfolio basis in conjunction and as directed by management.
- Prepare and provide a comprehensive risk analysis in a weekly, monthly, and quarterly reporting format for senior management in support of regulatory and strategic institutional goals.
- Lead communications and correspondence with key SBA Servicing Centers, District Counsel, and Oversight in support of the proper request and receipt of the SBA guarantee.
- Drive the engagement and relationship for key third party consultants, including but not limited to Attorney firms, Appraisal and Auctioneer companies, Environmental review firms, Receivers, etc.
- Assist in the oversight/advisement of the Portfolio Management team in the identification, monitoring, and eventual transfer of distressed credits into the workout department.
- Lead and direct any field operation requirements to include, but not limited to business site visits, collateral auction or disposition oversight, mustering of collateral, court and other litigation requirements, or any other external litigation or liquidation activities on behalf of the bank.
- Work in conjunction with the VP, SBA Servicing on any reporting or strategic initiatives with internal partners such as internal Finance and Credit Administration, to ensure the proper reporting, grading, and recording of any reserve or write down requirements throughout the individual loan workout phase.
- Assist the VP-SBA Servicing in the strategic implementation of division, department, and larger bank initiatives.
- Perform other duties as assigned.
Benefits
- Medical, Dental, and Vision Insurance
- 401(k) Retirement Plan with Generous Match
- Professional Development Reimbursement
- At Least 3 Weeks Paid Vacation Annually
- Eleven Paid Holidays
- Paid Volunteer Time
- Annual First Internet Bank-branded merchandise allowance
