Special Assets Officer – To $155K – Schaumburg, IL – Job # 3764-6264
Who We Are
The Symicor Group is a boutique talent acquisition firm based in Schaumburg, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!
We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.
The Position
Our client is seeking to fill a Special Assets Officer role in the Schaumburg, IL area. The position is responsible for overseeing portfolios that are distressed, delinquent, or high-risk commercial loans, developing strategies to maximize recovery and minimize losses.
This position comes with a generous salary of up to $155K and full benefits package. (This is not a remote position).
Special Assets Officer responsibilities include:
Develop and implement a workout plan to rehabilitate loans or facilitate orderly exits.
Prepare Credit Reviews to assess asset quality, including performance against original underwriting expectations.
Work with legal counsel on bankruptcies, foreclosure actions, and debt restructurings.
Experience writing policies and procedures for collateral monitoring, workouts, and periodic loan reviews.
Report on the assigned portfolio, including asset quality, stress testing, industry and market analysis, asset allocation, reserves, and non-performing loan analysis.
Draft memos for any substantial changes in a borrower’s financial stability or ownership structure.
Who Are You?
You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.
You also bring the following skills and experience:
7+ years in commercial banking, credit analysis, or special assets/loan workout.
Deep experience with financial analysis.
College degree preferred.
Working knowledge of commercial lending, e.g. commercial real estate, construction and C&I products.