Commercial Special Assets Officer

Job description

Job DetailsJob Location: Remote Opportunity Available or On-site - Fishers , IN 46038Position Type: Full TimeAbout the Position: As the Commercial Special Assets Officer, you will be responsible for the active management, resolution, and risk mitigation of the Bank’s criticized, classified, and non-performing commercial loan relationships. Your role will work closely with commercial lenders, credit administration, legal counsel, and borrowers to develop and execute strategies that minimize loss, preserve collateral value, and maximize recovery. What You Will Do: Manage a portfolio of criticized, classified, and non-performing commercial loan relationships, including substandard, doubtful, and loss-rated credits. Develop, negotiate, and execute workout strategies such as restructures, modifications, forbearance agreements, and repayment plans. Lead direct negotiations with financially distressed borrowers, guarantors, and outside lending partners to achieve optimal outcomes for the Bank. Coordinate with external and internal legal counsel on enforcement actions, collateral liquidation, foreclosures, bankruptcies, and other legal remedies. Evaluate collateral positions, guarantor str...