SBA Special Assets Manager

Role Description

As the SBA Special Assets Manager, you will play a key role in the monitoring and resolution of distressed, impaired, and otherwise adversely rated credits on behalf of the SBA Division. You will supervise the ongoing handling, monitoring, and resolution of delinquent, non-performing, or otherwise adversely classified SBA loans within the First Internet Bank portfolio.

• Provide proactive oversight and timely resolution of a portfolio of adversely rated SBA, commercial, and other distressed assets.
• Lead a team of Special Asset Officers in the negotiation, structure, and implementation of loan level workout agreements in support of the rehabilitation or exit of distressed credits.
• Underwrite, approve, and drive workout and recovery initiatives on a per loan and general portfolio basis in conjunction and as directed by management.
• Prepare and provide a comprehensive risk analysis in a weekly, monthly, and quarterly reporting format for senior management in support of regulatory and strategic institutional goals.
• Lead communications and correspondence with key SBA Servicing Centers, District Counsel, and Oversight in support of the proper request and receipt of the SBA guarantee.
• Drive the engagement and relationship for key third party consultants, including but not limited to Attorney firms, Appraisal and Auctioneer companies, Environmental review firms, Receivers, etc.
• Assist in the oversight/advisement of the Portfolio Management team in the identification, monitoring, and eventual transfer of distressed credits into the workout department.
• Lead and direct any field operation requirements to include, but not limited to business site visits, collateral auction or disposition oversight, mustering of collateral, court and other litigation requirements, or any other external litigation or liquidation activities on behalf of the bank.
• Work in conjunction with the VP, SBA Servicing on any reporting or strategic initiatives with internal partners such as internal Finance and Credit Administration, to ensure the proper reporting, grading, and recording of any reserve or write down requirements throughout the individual loan workout phase.
• Assist the VP-SBA Servicing in the strategic implementation of division, department, and larger bank initiatives.
• Perform other duties as assigned.

Qualifications

• A minimum of ten years of experience in Workout or similar Portfolio Management roles.
• A minimum of seven years of direct experience working with SBA specific documentation, to include Demand Purchase Packages, Litigation/Liquidation Plans, CPC, and Wrap Up Reports.
• Advanced knowledge of commercial/residential real estate closing and liquidation practices.
• Advanced knowledge of UCC regulations and other disposition practices.
• Advanced knowledge of regulatory and accounting practices, as it relates to risk and adversely rated credits.
• Ability to manage a high volume/high pace environment with various intervening and competing goals.
• Strong analytical and quantitative skills.
• Ability to think strategically and make data driven decisions.
• Excellent leadership, communication, and interpersonal skills.

Requirements

• Professional office setting.
• Primarily sedentary position requiring long periods of time working at a computer.
• Must be able to move throughout the office and buildings to obtain or relay information.
• Must be able to perform the essential functions of the position with or without reasonable accommodation.
• May require occasional travel in order to administrate liquidation related activities.

Benefits

• Medical, Dental, and Vision Insurance for Full-Time employees - Eligibility begins on day one of employment.
• 401(k) Retirement Plan with Generous Match for Full-Time and Part-Time employees - Eligibility begins on day one of employment.
• Professional Development Reimbursement.
• At Least 3 Weeks Paid Vacation Annually - For New Employees, Paid Vacation is Adjusted Based on Start Date.
• Eleven Paid Holidays.
• Paid Volunteer Time.
• Annual First Internet Bank-branded merchandise allowance.