What are the responsibilities and job description for the Special Assets position at East West Bank?
Overview
We are currently seeking a Special Assets Group Loan Officer. This position will oversee, and be ultimately responsible for, collection and restructuring of poor performing, moderately-complex to complex loans, both unsecured and secured by various types of collateral including real property, inventory, accounts receivable, stocks, etc. This position will be asked to negotiate the sale or liquidation of those assets when necessary. Incumbent will also be responsible for all reporting and portfolio analysis related to distressed transactions.
Responsibilities
As a valuable East West Bank team member, your duties (not limited to) will include :
- Responsible for managing a portfolio of problem loans (C&I, ABL, Specialty Finance, .
- Manages the largest and most complex consumer, commercial, and real estate loan portfolio.
- Utilizes a high degree of independence in managing a large portfolio of a diverse and complex nature.
- Works in a team environment developing and recommending strategies to maximize recovery and reduce losses.
- Works closely with borrowers management team (typically C-Suite), executives and attorneys to review and restructure credits with the goal to secure repayment terms, verify and secure additional collateral, attain an equity position or charge-off the loan as appropriate.
- Maintains awareness of current collection and lending laws for all types of loans.
- Experience with in court out of court restructuring (working knowledge of bankruptcy and bankruptcy code a plus).
Qualifications
Compensation
The base pay range for this position is USD $155,000.00 / Yr. - USD $200,000.00 / Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.
East West Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other legally protected status. Reasonable accommodations for disability are provided to applicants and employees in accordance with applicable law.
Salary : $155,000 - $200,000
