Application deadline is 5 days after the date the role was posted.

Thank you for your interest in Bellco Credit Union! We’re a local not-for-profit organization that has been giving back to our members, the communities we serve, and of course, our employees since 1936. Offering one of the best employee benefits packages around, Bellco is a leader in fostering, developing, and engaging staff to become expert financial-service ambassadors. You’re a part of something more at Bellco—a place you can be proud of.

Commercial Lending– Special Assets Manager

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LOCATION: Corporate DIVISION: SVP-CLO

Function Description

Provides commercial loan workout services and risk management oversight for the credit union, managing a portfolio of troubled/distressed loans. The primary duties of this position include monitoring and enhancing credit administration strategies that minimize the credit union’s potential loss on each assigned credit through negotiating satisfactory repayment schedules, obtaining additional collateral and/or restructuring facilities as appropriate. This position works closely with management, commercial lending staff, participants and outside legal counsel to protect the credit union’s interests.

ORGANIZATIONAL RELATIONSHIPS

Reports to: SVP – Commercial Lending

Supervises: N/A

Contacts: Credit union members, other credit union departments, credit union officials, Commercial Lending and Operations department members, external financial service providers, internal and external legal counsel, CUSO employees, participant Credit Union personnel, examiners.

Qualifications/Requirements

Education: A bachelor’s degree with emphasis in business or finance, or equivalent work experience.

Experience

Five (5) to seven (7) years commercial special assets/workout experience and other related experience required
Five (5) years commercial real estate underwriting and other related experience strongly preferred
Strong experience in analyzing financial statements, balance sheets and tax returns for all business types
Experience with general accounting practices as they relate to loan grading, payment of fees and expenses for each assigned loan,
Experience in risk reporting, including but not limited to risk ratings, portfolio monitoring metrics and trends, and board policy and guideline recommendations strongly preferred
Extensive knowledge of business laws as well as commercial and regulations related to commercial lending, strong working knowledge of regulatory compliance, accounting and finance, and asset/liability management
Knowledge of Fair Debt and Bankruptcy laws
Knowledge and understanding of commercial appraisal methods for all types of collateral, focusing on commercial real estate
Knowledge of state and federal compliance governing credit union policies and procedures
Commercial Participation servicing experience preferred
Extensive experience successfully working with personnel in a variety of lending functions and grade levels

Skills

Excellent written and oral communication, negotiation, computer and credit analysis skills and demonstrated ability to make effective decisions
Capable of maintaining and overseeing accurate and effective quality control systems for commercial loans.
Proficient at managing the consistency of processes and procedures as it relates to the review and resolution to graded loans
Ability to communicate clearly and concisely in verbal and written form.

Equipment: Personal computer running the Windows operating system, calculator, copier, facsimile machine, telephone and system printers, video display terminal.

Essential Functions

Provides a valuable and enjoyable experience to both internal customers and members during interactions. Consistently suggests ways to improve the member/customer experience through improved processes and technology.
Responsible for operational excellence and regulatory compliance as it relates to commercial loans.
Review current account status, to include but not limited to: Commercial loan documentation and collateral perfection, loan payments, payment of real estate or other taxes, title policy, business loan agreement and required metrics, existing action plan, default or other letters, and risk rating
Analyze financial statements (personal and entity), balance sheets and tax returns for appropriate loan modifications, including reserve accounts, additional collateral, paydowns or others changes that improve credit risk and minimize potential losses.
Evaluate collateral value and possible liquidation options, considering market environment and state collection laws.
Propose and/or evaluate member modification requests, with back up analysis, for SVP or Loan Committee approval, in compliance with credit union policies and procedures, including but not limited to foreclosure or litigation.
Participate in evaluating risk rating including making revision recommendations, maintaining Graded Loan Reporting, documentation, and tracking to ensure compliance with Safety and Soundness practices of the Credit Union.
Responsible for ensuring that the assigned portfolio, including loan files and reporting is audit ready and meets the standards outlined in companies’ policy.
Monitor and manage the timeliness and quality of business and commercial loan reports to ensure the portfolio remains in good standing.
Lead inter-departmental projects as assigned for the Commercial Lending department and serve as department representative on other department’s projects and teams.
Work with participating Credit Unions to facilitate the supply of all required source documents, including annual review of document and source documents for assigned graded loans; obtain approval for modifications as required by participation agreements
Occasional driving to vendor locations or loan closings may be required.
Regular and punctual attendance.
Perform other duties as requested or needed.

Management retains the discretion to add to or change the duties of the position at any time.

WORKING CONDITIONS

Office environment.

Mobility throughout branch office or department.

Occasional stooping, bending and stretching.

Regular use of a PC or video display terminal.

Bellco Credit Union provides a comprehensive benefits package to employees, including: Medical, Dental, Vision, 401 (k) with company match, Supplemental Life Insurance, Paid Vacation, Paid Sick Days, and Paid Holidays.

In addition to base compensation, Bellco Credit Union offers bonuses for the following roles:

Non-exempt branch roles may earn monthly bonuses for meeting production goals and quarterly bonuses for meeting team goals.

Exempt branch roles may earn quarterly bonuses for production and team goals.

Exempt non-branch management roles may be eligible for an annual managerial bonus.

Non-branch non-management roles may be eligible for on-the-spot bonuses for extraordinary performance.

Bellco Credit Union

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Commercial Lending - Special Assets Manager