Special Assets Manager

Responsibilities include, but are not limited to :

• Responsible for identifying and minimizing potential losses and maximizing recoveries on all loan portfolios, through the teams’ analysis of individual credits and related portfolios and industries, collection activities, developing / negotiating / execution of workout action plans, including proposing loan restructures, managing negotiations and legal actions, evaluating bank collateral and documentation, and recommending alternative solutions as well as judgment / foreclosure litigation, asset liquidation and bankruptcy.
• Manages workout / collections portfolio reviews and makes recommendations for approvals where necessary.
• Oversees determination and reporting of appropriate risk classification and ratings for problem loans, reserves and charge-offs, and related portfolio and financial statistics.
• Attends and participates in the Loan Administration Committee.
• Works closely with credit professionals to help identify and mitigate problem assets.
• Develops and implements risk management strategy and programs; manages and monitors significant portfolio risks.
• Prepares reports for and leads the Special Assets Committee meeting on a monthly basis.
• Works effectively and strategically with business leaders balancing business needs with potential risks to mitigate loss.
• Makes recommendations and provides workable alternatives to borrowers as appropriate.
• Coordinates legal counsel throughout various litigation matters .
• Oversees OREO and note sales, seeking to minimize cost and maximize recovery to the Bank in accordance with regulatory requirements.
• Manages a team of special asset professionals located throughout the First Mid footprint.
• Responsible for all aspects of the team member life cycle, including recruitment, performance and development.
• Other duties as assigned.

Qualifications Education :

Experience :

Skills :