SBA Special Assets Officer

SBA Special Assets Officer - GBank

Base pay range: $85,000.00/yr - $95,000.00/yr

• Upholds, at all times, the Bank’s Core Values of Integrity, Respect, Positive Attitude, Empowerment, Accountability, and Excellence.
• Delivers on the Bank’s tagline of "Your Best Banking Experience – Ever!" by reinforcing the application of superior customer service through own example along with appropriate follow-through with involved customers and employees; actively participates in specific periodic meetings and presentations on this topic with all staff members.
• Supports all functions and goals of the SBA Special Assets Team to ensure team success.
• Works with the SVP/Sr SBA Special Assets & Audit Manager and VP SBA Special Assets Teal Lead to mitigate bank loss in various functions of problem loans, foreclosures, litigation, etc.
• Responsible for the timely collection, negotiation, and/or problem resolution of all past due loan payments for the SBA Portfolio in accordance with SBA and bank regulations.
• Monitor and review all marginal SBA Annual Reviews for the SBA Loan Portfolio including property value research, business and personal financial analysis, credit analysis, lien perfection, industry comparisons and identify any risks and mitigating factors and recommended loan grading. Work with customers to address and mitigate issues and ensure loan repayment.
• Complete full audit on all problematic and/or defaulted loans in the SBA loan portfolio and address all issues appropriately based on SBA and bank regulations.
• Monitor and assess problematic and/or defaulted loans in the SBA loan portfolio for appropriate bank risk ratings and accrual status. Recommend adjustments as appropriate.
• Complete periodic loan updates and reports as required and requested by various departments.
• Track and report liquidations, legal, and/or collection expenses for all assigned loans. Minimize bank expenses at every opportunity. Document expenses for each file in accordance with SBA and bank regulations.
• Responsible for gathering necessary data and/or documentation for the SBA 10-Tab submissions to ensure compliance and full recovery to the extent available under the various guaranty loan program(s).
• Assist SVP/Sr SBA Special Assets & Audit Manager and VP SBA Special Assets Teal Lead in reviewing and monitoring all legal notices pertaining to the SBA Portfolio.
• Assists in addressing departmental lien perfection and other portfolio issues as assigned. Make recommendations as appropriate to management.
• Monitor and contact customers to resolve past due taxes and force placed insurance. Negotiate problem resolution.
• Ensure that all special asset processes and procedures adhere to SBA and Bank regulations. Make recommendations as appropriate to management.
• Responsible for skip tracing and obtaining valid customer contact information as needed.
• Monitor SBA portfolio address and contact information to insure we have current contact information on file.
• Manage and send timely correspondence and reports in accordance with SBA and bank regulations.
• Provide detailed reports of special asset efforts and discuss portfolio recommendations with management.
• Reviews documentation information regarding resolution with escrow officers, voucher control company employees, borrowers, outside legal counsel, and other personnel was properly documented.
• Ensures implementation and compliance to meet security precautions and protect customer loans, collateral, bank assets and staff and balances lending-related general ledger accounts, manages and/or processes block entries and miscellaneous corrections.
• Other duties as assigned.

This position must be able to accommodate reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and constant interruptions.

• Bachelor’s degree (BA) or equivalent from an acceptable 4 YEAR college or university; or at least 4 YEARS of BANKING experience and/or training; or the equivalent combination of education and experience. Work-related…