Commercial Special Assets Group Manager

Manages the staff and functions of the Commercial Special Assets and Collection departments; balancing the urgency to reduce non-performing assets and the cost of doing so in order to minimize loss. Monitors the portfolio and develops workout and rehabilitation strategies and action plans to better protect and improve the bank’s position. Furthermore, this role also ensures strict adherence to SBA Standard Operating Procedures while executing effective workout strategies, including restructurings, liquidations, and guaranty purchase requests. Responsible for commercial loan restructuring, bankruptcy, foreclosure, and processes. Manages the impaired worksheet process and ensures the accuracy of the loan loss reserve. Negotiates settlements on all loan products and has the authority to release mortgages. Maintains an understanding of all laws, regulations, and codes pertaining to areas of expertise and is called upon as a subject matter expert. Analyzes and determines effective strat...