-

Special Assets Officer

Location Hicksville, New York, United States of America Category Corporate Functions
Apply Now
JOB DESCRIPTION

Position Title

Special Assets Officer

Location

Hicksville, NY 11801

Job Summary

JOB SUMMARY
The Special Assets Officer manages a portfolio of Classified C&I and commercial real estate/multifamily loans and assists with reporting and litigation matters. Collaborates/works with Special Assets Team Leads and Officers while supporting efforts to preserve principal and prevent charge-offs. Maintains compliance with policy, procedure and lending regulations.Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

  • 5
    • Manages a portfolio of loans while coordinating and preparing required documentation for approvals. Updates Loan Workout database for new loan transfers.
    • Ensures charge-off documentation matches internal records and review’s mathematical explanation provided by loan officers. Compiles summary report of all charge-off forms for approval and upon approval, distributes appropriate documentation for individual loan charge-off processing.
    • Compiles information for loan approval memos including financial analysis, relationship summaries and collateral overview.
    • Verifies that recovery funds are posted to correct general ledger accounts while managing reconciliation of legal expense on participation loans.
      • Evaluates payoff information from servicing to confirm integrity for litigation and expense reconciliation from Collections. Coordinates with carious internal departments including Customer Service, Collections, Insurance and Appraisal.
      • Orders appraisal updates by coordinating borrow financial information and collateral descriptions.
        • Interacts with Sr. Management and loan officers to compile charge-off forecast and validates charge-off amounts to be submitted for approval.

ADDITIONAL ACCOUNTABILITIES

  • Performs special projects, and additional duties and responsibilities as required.
  • Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.  Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS

Required Qualifications:

  • Education level required: Undergraduate Degree (4 years or equivalent)  Business Administration, Finance, or related field
  • Minimum experience required: 5+ Years within the Workout/Special Assets field, preferably at an OCC regulated institution
  • Familiarity with various loan databases

Preferred Qualifications:

  • Education level preferred: Undergraduate Degree (4 years or equivalent) Business Administration, Finance, or related field
  • 7+ years of relevant work experience preferred.
Close the popup
Apply Now

Get notified for similar jobs

You'll receive updates once a week

Similar Jobs

  • Special Assets Officer (C&I)

    Job Id 15862 Category Corporate Functions Location New York, New York, United States of America

    The Special Assets Officer manages a portfolio of Classified C&I and commercial real estate/multifamily loans and assists with reporting and litigation matters. Manages a portfolio of loans while coor...

  • Special Assets Team Lead - Commercial + Industrial Loan Workout

    Job Id 15865 Category Corporate Functions Location New York, New York, United States of America

    Engage in negotiations with borrowers, legal representatives, and other parties involved in the loan workout process. Adhere to internal policies, procedures, and legal requirements in the loan workou...

  • Sanctions Analyst

    Job Id 16478 Category Corporate Functions Location New York, New York, United States of America

    The Sanctions Analyst is responsible for maintaining certain aspects of the Bank's BSA/AML compliance program and assists in meeting and maintaining BSA/AML compliance requirements of the Bank. Assign...

  • Accounting Manager Senior

    Job Id 16762 Category Corporate Functions Location Hicksville, New York, United States of America

    This position will be responsible for developing and maintaining accounting principles, practices and procedures to ensure accurate and timely financial statements. The Accounting Senior Manager super...

  • Credit Analyst 1

    Job Id 17145 Category Corporate Functions Location Garden City, New York, United States of America

    The Analyst will support Portfolio Managers and Credit Officers within Commercial Credit Risk, which workswith multiple business segments including C&I, CRE, Regional Business Banking, BBG, Warehouse,...

  • Credit Analyst 2

    Job Id 17146 Category Corporate Functions Location Garden City, New York, United States of America

    The Analyst will support Portfolio Managers and Credit Officers within Commercial Credit Risk, which workswith multiple business segments including C&I, CRE, Regional Business Banking, BBG, Warehouse,...

  • ERM Banking Product Associate

    Job Id 16868 Category Corporate Functions Location New York, New York, United States of America

    Maintaining tools and templates to support the new product risk assessment and approval process, including, developing business requirements for enhancements to systems, maintaining policies and proce...

  • Privacy Officer

    Job Id 16900 Category Corporate Functions Location New York, New York, United States of America

    Drive the development and implementation of comprehensive privacy policies and procedures based on relevant state, federal, and international laws and regulations. Stay current with relevant laws, reg...

  • Compliance Testing Officer - Financial Crimes

    Job Id 17087 Category Corporate Functions

    The Financial Crimes Compliance Testing Officer is responsible for performing compliance testing of first line activities, and 2nd if applicable, to ensure that business units are complying with appli...

No recommendations found

Jobseekers Also Viewed

  • Sr. Financial Crimes Systems Tuning Analyst - Hicksville, NY, New York, NY or Troy, MI

    Job Id 16861 Category Corporate Functions

    In addition, the calibration of existing production configuration which provides a full audit trail of the data analysis, justification, and approval process for optimizing the parameters within FCC’s...

  • Corporate Banking Group Analyst

    Job Id 17066 Category Corporate Functions Location New York, New York, United States of America

    The Corporate Banking Group Analyst will play an important role assisting the senior leadership team with information management and content creation that supports and validates decisions and strategi...

  • Regulatory Affairs Analyst Sr

    Job Id 16909 Category Corporate Functions Location Hicksville, New York, United States of America

    Position TitleRegulatory Affairs Analyst SrLocationHicksville, NY 11801Job SummaryA Senior Regulatory Relations Analyst, brings regulatory subject matter expertise to the firm and works under minimal

  • Privacy Officer

    Job Id 16900 Category Corporate Functions Location New York, New York, United States of America

    Drive the development and implementation of comprehensive privacy policies and procedures based on relevant state, federal, and international laws and regulations. Stay current with relevant laws, reg...

  • ERM Banking Product Associate

    Job Id 16868 Category Corporate Functions Location New York, New York, United States of America

    Maintaining tools and templates to support the new product risk assessment and approval process, including, developing business requirements for enhancements to systems, maintaining policies and proce...

No recommendations found