SENIOR DIVERSIFIED ASSETS OFFICER

Description

Greater Commercial Lending is looking for a dedicated team player with a passion for Helping More People Live Greater! Greater Commercial Lending is a wholly owned subsidiary of Greater Nevada Credit Union that helps businesses nation-wide, from a cattle operation in Nevada, to a denim mill in Louisiana, to a biofuel terminal in Hawaii. GCL finds financial solutions to complex challenges by leveraging a diverse set of products, and its work is consistently recognized as one of the top USDA lenders in the nation.

With pride, we strive to make a difference in the lives of our members and the communities they live in through financial inclusion, education, and empowerment. Why? Simply because we believe that together, we Live Greater. 

To do this, we practice C.A.R.E. with our Values:

• We Care Genuinely.
• We build relationships because we know that we are Greater Together.
• We Stay Trustworthy as we serve our communities.
• "Be Bright" rings in our ears as we find custom solutions that meet our members' needs.
• We Inspire One Another, our members, and our communities to re-imagine what Living Greater can be.
• In every moment, we Enjoy the Experience. It's what has made the last 70 years greater and what we carry into the future as we continue to serve.

These values have guided us to become the largest Nevada-based credit union to touch the lives of more than 88,500 members and thousands upon thousands of people through our community and philanthropic work.

If you’re enthusiastic, collaborative, and ready to make an impact, we’d love to meet you! 

About The Position:

The Senior Diversified Assets Officer is primarily responsible for managing a portfolio of problem credits to resolution. The Senior Diversified Assets Officer is expected to have extensive knowledge of credit risk management, workout strategies, restructuring methods, and legal matters related to commercial lending and will focus on credit rehabilitation. The candidate will exercise a high degree of autonomy in order to resolve complex problem credits on behalf of the lending groups and ensure the operational effectiveness of the department. 

What You'll Be Doing

• Develop, negotiate, and implement loan restructuring proposals for complex and multi-tiered transactions, culminating in committing the financial institution to financial and technical agreements.
• Prepare and present complex, well-written credit presentations for use by credit committees, investors, participants, and Agencies in making credit decisions.  Complete quarterly reviews for all assigned adversely-graded loans to include risk rating recommendations and comprehensive action plans. Judgement must be exercised to determine if deviation from or waiving standard policies and procedures are warranted in order to achieve desired outcome for borrower, lending group, and business operations.  
• Establish and maintain relationships with internal departments as well as external parties, including borrower, attorneys, co-lenders, Agency representatives, and other professionals involved in the restructure process.
• Leverage relationships in order to affect positive outcomes for overall business operations and strategic growth.  
• Review and assess department deliverables and make recommendations for improvement as needed; serve as subject matter expert for diversified assets department, complete projects as assigned and diligently work to cross train other employees. Implement procedural and policy changes that significantly impact operational effectiveness related to Diversified Assets.  
• Research and stay current on a wide variety of topics and issues including regulatory matters, market trends, best practices, and new tools and techniques relevant to the position and independently apply knowledge to complex cases. 

Qualifications

• Minimum 3-5 years of experience in special assets required to include the following: Analyzing financial statements, Negotiating with borrowers and creditors and Restructuring and liquidating assets 

Skills & Competencies

• Financial Acumen 
• Customer Focus
• Managing Complexity  
• Managing Ambiguity  
• Decision Quality  

Physical Demands

• While performing the duties of your job, you may regularly be required to sit and use a keyboard, multiple monitors, mouse, and telephone (including repetitive motions with hands, fingers, arms, etc.) for extended periods of time. You may also frequently be required to stand, walk, and reach with hands and arms, bend, and kneel.
• You may occasionally be required to lift and/or move up to 20 pounds.

Location and Travel Requirements

• The Senior Diversified Assets Officer has the ability to work remotely. (excluding California, Colorado and Ohio)
• No travel required

Compensation & Benefits

• Compensation is dependent on experience
• Medical, dental, and vision plans, where we cover 90% of employee costs and about 75% of the costs for their dependents
• Health Savings Account contributions
• Supplemental insurance and life insurance plans
• Paid time off, including vacation and sick time, 12 annual paid holidays, 2 floating holidays, 1 floating wellness day and sabbatical leave after every seven years of employment
• Paid time to volunteer and make a contribution to the community
• Employee product and service discounts 

Greater Nevada is an Equal Opportunity Employer

Employment at Greater Nevada is based solely on a person's merit and qualifications directly related to professional competence. Greater Nevada prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Qualifications