Special Assets Officer (Hybrid Eligible*)

Job description

Min USD $115,750.00/Yr. Max: USD $173,650.00/Yr. Job Summary: *Location: This is a hybrid position, subject to WaFd Bank’s guidelines. The Special Credits Officer is responsible for the management of troubled commercial banking relationships and/or adversely graded commercial loans within the Bank’s portfolio assigned to the Special Credits Officer. This role may also include providing advisory services to Relationship Managers managing their own problem loans. The position is responsible for mitigating risk and maximizing recovery through the active engagement of these relationships. Along with the key functions listed below, this position will be expected to uphold the value that WaFd Bank places on simply being kind when working alongside colleagues and servicing our clients. KEY FUNCTIONS: - Manage troubled, commercial banking relationships and/or adversely graded commercial loans that have been assigned to the Senior Special Credits Officer. - Obtain, as able, and review financial information and collateral valuations to assess current financial condition and repayments sources to formulate a recommended action plan. - Analyze and negotiate modification and/or forbearance term...