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SBA Special Assets Officer

Company: Umpqua Bank
Location: La Mesa
Posted on: June 8, 2021

Job Description:

In this role, you will manage a portfolio of problem commercial borrowing relationships to maximize recovery to the bank through effective implementation of workout and liquidation strategies to mitigate loss. Manages and implements asset disposition plans through effective marketing of loan collateral.

Functions

  • Implement or assist in the development of timely workout action plans and effective follow up plans.
  • Evaluate and document bank collateral position, complete business survivability assessments, and recommend alternative work out solutions as needed.
  • Manage the collection activities on assigned accounts including broken payment follow up with borrowers, fee waiver and presenting recommendation for resolutions to more senior workout officers.
  • Direct legal actions, bankruptcy, foreclosure, and judgment processes, and repossession or replevin actions for the team's portfolio. Conduct and manage negotiations and meetings with attorneys and borrowers.
  • Responsible for asset disposition relative to more complex transactions including: A&D, bulk lots, land development properties, and note sales. May require strategic planning, marketing, and management of bulk land and/or lots in various stages of entitlement.
  • Prepare complex analyses related to discounted cash flow and stabilization projections and sell recommendations for approval by senior or executive management.
  • Analyze problem loans and make recommendations or approve actions to foreclose, repossess, or liquidate collateral when applicable.
  • Facilitate meetings with borrowers, guarantors, business bankers, and attorneys to negotiate workout plans that will return loans to performing/pass status.
  • Handle collections and charge-off accounts, assist lending officers on non-special asset accounts and prepare management reports as required.

Qualifications

  • Bachelor's Degree in Business/Finance, related field and/or equivalent experience required
  • Less than 2 years of experience in special assets, commercial lending, loan workout, foreclosure, loss mitigation, OREO or real estate sales management and/or recovery/liquidation required
  • Intermediate commercial credit skills, with the ability to assess business financial statements and restructure commercial loans accordingly.
  • Basic knowledge of financial analysis, bankruptcy, workout, UCC, litigation, foreclosure of personal and real property and disposition of collateral.
  • Ability to train and present to small and large audiences or has the interest in learning to train and present.
  • Excellent interpersonal, written, verbal, organizational, negotiation, analytical, and decision-making skills.
  • Ability to work at a high level of productivity and accuracy.
  • Ability to work in a team oriented, goal driven environment.

Physical Requirements and Working Conditions

Work involves:

  • sitting
  • walking
  • lifting up to 25 pounds.
  • Very occasional travel

No relocation offered.

About Us

We do things a little differently here at Umpqua. Our retail stores serve as community hubs, our associates are given up to 40 hours of volunteer time each year, and we're never satisfied with the status quo. But greatness has no finish line, so we continue every day to keep people at the center of everything we do. We focus on building relationships, understanding our customers' needs and connecting to people in new and innovative ways - always staying true to our mission of providing personalized banking for all people, whenever and however they prefer to bank.

Umpqua Bank is committed to employing a diverse workforce. Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, protected veteran status, or disability. We maintain a drug-free workplace and may perform pre-employment substance abuse testing

Keywords: Umpqua Bank, La Mesa , SBA Special Assets Officer, Other , La Mesa, California

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