Assistant Vice President​/Special Assets Officer

At Western State Bank, “what” you know is important, but not as important as how you relate to teammates and customers. Our environment is based on the principles of respect, curiosity, creativity, individual empowerment, and the ability to listen effectively and communicate openly. We also believe in continual learning, bias toward action, keeping commitments, and doing our absolute best every day.

We believe that our ability to deliver on our promise of being Your Hometown Bank is a result of these high standards.

The AVP / Special Assets Officer handles adversely rated credit loan relationships with the purpose of preserving loan principle, collecting interest, and preventing loans/leases from being charged off. Loan types include commercial, commercial real estate, residential real estate, and consumer. This individual, under the supervision of the Special Assets Manager, will facilitate and develop action plans for the restructure, forbearance, litigation, foreclosure/replevin, rehabilitation, recovery or exit strategy for Watchlist/Adversely Classified credits to minimize loss and classified asset exposure, mitigate risk and maximize asset recovery.

They will further provide timely reporting to management according to Bank procedures and regulatory requirements. In addition, the AVP / Special Assets Officer will provide oversight and collaborate with assigned lenders to minimize delinquency, and in some cases, directly manage delinquent loans due to severity or expertise required to manage the relationship. An elevated level of interaction and communication is requisite amongst assigned lenders, borrowers/guarantors, collateral disposition agents and intervening legal counsel.

• Develop and execute workout strategies for substandard and non-performing loans; present recommendations to management, Executive Loan Committee, and Board.
• Structure and negotiate loan modifications, credit enhancements, collateral support, and action plans to minimize risk and maximize recovery.
• Monitor and manage assigned problem credit portfolio, ensuring compliance with workout terms and timely financial reporting.
• Perform financial analysis, review collateral valuations, and take remedial action as necessary.
• Oversee complex collections, including bankruptcies, deceased borrowers, collateral disposition, and exit strategies.
• Lead development and implementation of special assets policies and procedures in collaboration with senior credit leadership.
• Serve as primary liaison with borrowers, attorneys, auditors, and internal stakeholders regarding workout relationships.
• Prepare and present regular problem loan reports and portfolio updates to senior management and internal credit committees.

Bachelor’s degree or equivalent work experience in Business Administration, Finance, or Accounting with 5+ years of progressive Retail, Real Estate, and Commercial Loan Workout experience is required in a regulated domestic bank setting.

Full-time positions are eligible for full benefit package.

We are interested in every qualified candidate who is eligible to work in the United States. However, we are not able to provide sponsorship for visa status. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.

Western State Bank is an EEO and Affimative Action Employer. Member FDIC.