Special Assets Officer

Special Assets OfficerThe Special Assets Officer is responsible for managing and resolving a portfolio of adversely classified and non-performing commercial loans, with a primary focus on commercial real estate (CRE) and business lending relationships. This role leads all aspects of loan workouts, including restructuring, enforcement, collateral liquidation, and guarantor recovery, with the objective of minimizing loss and maximizing recovery to the Bank.This position requires deep expertise in distressed assets, strong credit judgment, and hands-on experience navigating foreclosure, repossession, and legal recovery processesparticularly within Texas.RequirementsManage a portfolio of criticized, classified, and non-performing commercial loans, with emphasis on CRE and income-producing propertiesDevelop and execute asset resolution strategies, including:Loan restructures and modificationsForbearance agreementsDeeds in lieu of foreclosureNote sales and discounted payoffsLead and oversee foreclosure processes, UCC actions, and repossession of commercial collateralCoordinate with internal and external legal counsel on litigation, bankruptcy, and enforcement actionsPursue recovery from guarantors, including negotiation, settlement, and legal enforcementEvaluate collateral positions, including real estate, business assets, and secondary sources of repaymentAnalyze borrower financials, global cash flow, rent rolls, and guarantor capacity to inform strategyPrepare risk ratings, impairment analyses, and charge-off recommendations in accordance with regulatory guidancePresent action plans, status updates, and risk exposure to senior management and credit committeesEnsure compliance with all regulatory requirements, internal policies, and documentation standardsMaintain detailed records of collection efforts, legal proceedings, and borrower communicationsMinimum 5+ years of direct experience in:Commercial loan collectionsSpecial assets/workout managementForeclosure and repossession of commercial assetsStrong working knowledge of:Commercial real estate lending and valuationDistressed asset resolution strategiesGuarantor enforcement and recovery practicesDemonstrated experience managing complex loan workouts from initial default through resolutionExperience working with legal counsel on bankruptcy, foreclosure, and litigation matters