What are the responsibilities and job description for the Special Assets Group Manager position at EagleBank?
Overview
We are a values driven organization putting Relationships FIRST. EagleBank (NASDAQ – EGBN) is focused on being Flexible, Involved, Responsive, Strong, and Trusted. By prioritizing meaningful connections with our customers, employees, and shareholders, we relentlessly deliver the most compelling, valuable service to our customers.EagleBank is committed to inclusion, equity, and respect. We celebrate diversity and intentionally seek out opportunities to learn from one another’s experience. We believe employees are essential to the building of relationships and we prioritize investing in employee growth and wellbeing. Employee involvement is fostered through resource groups, mentorship programs, community service, and scholarship opportunities for continued education. With features including maternity and parental leaves, wellness discounts, healthcare premium sharing, employer funding in your HSA account, and 100% 401(k) matching up to 4%, we pride ourselves in the ways we support our internal relationships. The minimum and maximum projected annualized salary for this position is: $146,790.00 to $251,641.20. Additional compensation may be possible based on experience and skills.
Responsibilities
The Special Assets Group Manager manages the Special Assets and Asset-Based Lending Departments. This position is responsible for managing troubled loans and stabilizing a bank's loan portfolio, which may involve complex situations such as syndicated loans, multiple creditors, or various levels of the capital structure. Also responsible for the oversight and management of the asset-based lines of credit portfolio.
Qualifications
Requirements:
- Bachelor’s Degree in Business, Finance or related field.
- 10 years of progressive experience in commercial lending, credit analysis or administration or special assets.
- 5 years in supervision or leadership roles.
- Strong communication skills
- Strong knowledge of legal and bankruptcy procedures.
- Solid understanding of institutional lending policies and procedures.
- Advanced knowledge of workout, liquidation and collection processes.
- Proficient in MS Office.
Preferences:
- Graduate Degree in Finance, JD, or related field
Don't meet all the requirements? We encourage you to still apply if you think you are the right person to join our community. We are always interested connecting with people inspired by our mission and values. If you aren't hired for this position, your resume will remain available for the next year and might be considered for future openings. Note: You can update your resume as often as needed.
Salary : $146,790 - $251,641
