SBA Special Assets Officer

Job description

Essential Responsibilities: - Oversee a portfolio of delinquent loans and works to resolve issues to maximize collection of the loans. - Meet with loan borrowers to negotiate workout solutions. Develop relationships with borrowers to better understand their business and the issues impairing their ability to honor their loan obligations. - Evaluate financial and related information to gauge borrower’s overall ability to repay debt as well as to assess financial performance relative to peer companies, industry benchmarks or other standards of performance. - Evaluate borrower’s capital structure to determine restructuring options for complex, diverse, and adversely graded credits which will assist to design and implement strategies to either exit or retain relationship. - Communicate with legal counsel to effectuate collection efforts via forbearance, litigation, monitoring bankruptcy cases, etc. - Manage the process to obtain collateral, secure collateral and liquidate real estate and personal property to minimize loan loss. - Complete the necessary SBA documents (UPP, 10-tab, Litigation plans, etc.) in a timely manner so as not to jeopardize the SBA guarantee. - Review past-due and...