Special Credit Services Officer II (ID:47450)
Our client (with over $5B in Assets) is seeking a Workout/Special Assets subject matter expert to manage a portfolio of active problem loans. If you have previous experience with Workout/Special Assets and possess a strong Credit foundation, please read on below for more details on this Hybrid-eligible position.
The Special Credit Services (SCS) Officer is responsible for managing a portfolio of active problem loans and government-subsidized/guaranteed relationships of various sizes, types, and complexities from C&I, CRE, and agricultural loan portfolios. This position manages assigned relationships to resolution through establishing an overall strategy, actions, and timeframes while maximizing value, minimizing loss, and managing expenses. The SCS Officer analyzes loan documentation, collateral, and the financial condition of the borrowers and guarantors, negotiates loan structures and settlements, and initiates legal action when appropriate. The SCS Officer also actively reviews and recommends risk ratings and reserves, provides timely and accurate reports to senior management, and ensures compliance with established processes and procedures.
Worksite Location: Greater Minneapolis/St. Paul area, MN (Hybrid opportunity)
Salary Range: $115,000 - $135,000 base salary + annual bonus
Benefits: Health and well-being benefits (medical, dental, vision, life, and long-term disability insurance), 401(k) and ESOP retirement savings, generous paid time off programs (flexible time off, company-paid holidays, parental and bereavement leave), learning and development resources for personal and professional career development, and paid volunteer time/company donation match opportunities.
Roles & Responsibilities:
• Negotiating and implementing action plans and workouts with borrowers
• Documenting action plans and recommendations utilizing standardized credit underwriting packages and problem loan reports
• Communicating workout strategies with senior management, credit underwriters, participating banks, and government agencies
• Maintaining a proficient knowledge of applicable banking rules and regulations, as well as bankruptcy, foreclosure, and collection law
• Serving as subject matter expert and providing guidance and recommendations for loans not assigned to SCS as requested
• Engaging real estate brokers, auctioneers, and other third parties to liquidate foreclosed and repossessed assets as necessary
• Supporting internal and external audits or examinations of the assigned portfolio
Required Skills & Experience:
• Bachelor's degree in business administration, finance, or accounting, or equivalent work experience
• 5-7 years of commercial loan experience with an emphasis on commercial lending, underwriting, and/or workout (highly preferred)
• Experience working with SBA 7a and 504 loans (preferred)
• Ability to analyze credit records, financial statements, and legal documentation
• Ability to adhere to established governmental compliance regulations, bank policies, and procedures
• Ability to prioritize and meet deadlines on multiple tasks through effective time management and organizational skills
• Ability to work independently and in a team-oriented environment
• Ability to accept, support, and implement continuous change
• Effective written and verbal communication skills
About Versique
Versique: /ver-seek/ adj. being both versatile and unique; n. a high-performance recruiting firm specializing in executive leadership search, direct hire, and interim hiring solutions.
Versique Executive, Professional, & Interim Recruiting is a locally owned and operated hiring and placement firm based in the Twin Cities of Minnesota. With specialized practice areas across our three divisions, Versique delivers tailored expertise to a wide range of industries. What sets us apart is our team of recruiters—seasoned professionals who have worked in the very fields they now hire for, providing unmatched industry insight and connections.
We believe people are more than resumes—they are transformative, unlocking the potential for organizational growth and success.
Versique is proud to be an award-winning company, earning recognition on the Inc. 5000 list of fastest-growing private companies and the Minneapolis-St. Paul Business Journal's Fast 50 list for 2023. We are also consistently recognized as a Star Tribune Top Workplace and were named a Best Place to Work in 2022 by the Minneapolis/St. Paul Business Journal.
Let's find your people, together.
Versique is an equal-opportunity employer committed to creating a diverse workforce. We consider all qualified applicants regardless of race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status.
#LI-WP1
#LI-hybrid
Worksite Location: Greater Minneapolis/St. Paul area, MN (Hybrid opportunity)
Salary Range: $115,000 - $135,000 base salary + annual bonus
Benefits: Health and well-being benefits (medical, dental, vision, life, and long-term disability insurance), 401(k) and ESOP retirement savings, generous paid time off programs (flexible time off, company-paid holidays, parental and bereavement leave), learning and development resources for personal and professional career development, and paid volunteer time/company donation match opportunities.
Roles & Responsibilities:
• Negotiating and implementing action plans and workouts with borrowers
• Documenting action plans and recommendations utilizing standardized credit underwriting packages and problem loan reports
• Communicating workout strategies with senior management, credit underwriters, participating banks, and government agencies
• Maintaining a proficient knowledge of applicable banking rules and regulations, as well as bankruptcy, foreclosure, and collection law
• Serving as subject matter expert and providing guidance and recommendations for loans not assigned to SCS as requested
• Engaging real estate brokers, auctioneers, and other third parties to liquidate foreclosed and repossessed assets as necessary
• Supporting internal and external audits or examinations of the assigned portfolio
Required Skills & Experience:
• Bachelor's degree in business administration, finance, or accounting, or equivalent work experience
• 5-7 years of commercial loan experience with an emphasis on commercial lending, underwriting, and/or workout (highly preferred)
• Experience working with SBA 7a and 504 loans (preferred)
• Ability to analyze credit records, financial statements, and legal documentation
• Ability to adhere to established governmental compliance regulations, bank policies, and procedures
• Ability to prioritize and meet deadlines on multiple tasks through effective time management and organizational skills
• Ability to work independently and in a team-oriented environment
• Ability to accept, support, and implement continuous change
• Effective written and verbal communication skills
About Versique
Versique: /ver-seek/ adj. being both versatile and unique; n. a high-performance recruiting firm specializing in executive leadership search, direct hire, and interim hiring solutions.
Versique Executive, Professional, & Interim Recruiting is a locally owned and operated hiring and placement firm based in the Twin Cities of Minnesota. With specialized practice areas across our three divisions, Versique delivers tailored expertise to a wide range of industries. What sets us apart is our team of recruiters—seasoned professionals who have worked in the very fields they now hire for, providing unmatched industry insight and connections.
We believe people are more than resumes—they are transformative, unlocking the potential for organizational growth and success.
Versique is proud to be an award-winning company, earning recognition on the Inc. 5000 list of fastest-growing private companies and the Minneapolis-St. Paul Business Journal's Fast 50 list for 2023. We are also consistently recognized as a Star Tribune Top Workplace and were named a Best Place to Work in 2022 by the Minneapolis/St. Paul Business Journal.
Let's find your people, together.
Versique is an equal-opportunity employer committed to creating a diverse workforce. We consider all qualified applicants regardless of race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status.
#LI-WP1
#LI-hybrid