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Diversified Assets Officer
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Position Title:               Senior Diversified Assets Officer  

Department:                 Diversified Assets

Reports To:                   Diversified Assets Manager

FLSA Status:                 Exempt

Location:                      Remote


Approval Date:             July 2023


Position Summary: The Senior Diversified Assets Officer is primarily responsible for managing a portfolio of problem credits to resolution. The Senior Diversified Assets Officer is expected to have extensive knowledge of credit risk management, workout strategies, restructuring methods, and legal matters related to commercial lending and will focus on credit rehabilitation. The candidate will exercise a high degree of autonomy in order to resolve complex problem credits on behalf of the lending groups and ensure the operational effectiveness of the department.

Essential Functions:

1.           Develop, negotiate, and implement loan restructuring proposals for complex and multi-tiered transactions, culminating in committing the financial institution to financial and technical agreements.

 

2.           Prepare and present complex, well-written credit presentations for use by credit committees, investors, participants and Agencies in making credit decisions.

 

3.           Complete quarterly reviews for all assigned adversely-graded loans to include risk rating recommendations and comprehensive action plans. Judgement must be exercised to determine if deviation from or waiving standard policies and procedures are warranted in order to achieve desired outcome for borrower, lending group, and business operations.

 

4.           Establish and maintain relationships with internal departments as well as external parties, including borrower, attorneys, co-lenders, Agency representatives, and other professionals involved in the restructure process. Leverage relationships in order to affect positive outcomes for overall business operations and strategic growth.

 

5.           Review and assess department deliverables and make recommendations for improvement as needed; serve as subject matter expert for diversified assets department, complete projects as assigned and diligently work to cross train other employees. Implement procedural and policy changes that significantly impact operational effectiveness related to Diversified Assets.

 

6.           Research and stay current on a wide variety of topics and issues including regulatory matters, market trends, best practices, and new tools and techniques relevant to the position and independently apply knowledge to complex cases.

Additional Competencies:

 

·        Financial Acumen

·        Customer focus

·        Managing complexity

·        Managing ambiguity

·        Decision quality 




Position Title:               Diversified Assets Officer  

Department:                 Diversified Assets

Reports To:                   Diversified Assets Manager

FLSA Status:                 Exempt

Location:                      Remote


Approval Date:             July 2023


Position Summary: The Diversified Assets Officer is primarily responsible for resolving problem credits. This includes working with borrowers to restructure loans and developing workout strategies to mitigate risk and minimize losses. The Diversified Assets Officer must have strong analytical skills, excellent communication and negotiation abilities, and a solid understanding of financial and legal processes related to commercial lending. The candidate will exercise a high degree of independent judgment in order to resolve problem credits.

Essential Functions:

1.           Develop and negotiate loan restructuring proposals for transactions with minimal to moderate complexity, culminating in committing the financial institution to financial and technical agreements.  

 

2.           Prepare and present written credit presentations for use by credit committees, investors, participants and Agencies in making credit decisions related to adversely-graded credits.

 

3.           Completes timely quarterly reviews for all assigned adversely-graded loans. These reviews will consist of a summary of recent borrower correspondence, financial analysis, assessment of collateral and assignment of a risk rating. Autonomously develop comprehensive action plans on behalf of financial institutions.

 

4.           Works with Management, borrowers, Agencies, and legal counsel on liquidations, bankruptcy and asset recovery efforts. Leverage relationships in order to affect positive outcomes for overall business operations and strategic growth.

 

5.           Research and stay current on a wide variety of topics and issues including regulatory matters, market trends, best practices, new tools and techniques relevant to the position and independently apply knowledge to assigned cases.

Additional Competencies:

 

·        Financial Acumen

·        Customer focus

·        Action-oriented

·        Nimble learner

·        Decision quality 


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