FVP & SAD Officer IV

Job Title: FVP & SAD Officer IV
Department: Special Assets (HQ Office)

We are looking for FVP & SAD Officer IV to join our team. The FVP & SAD Officer IV is responsible for managing the special assets portfolio and the team with a focus on the mitigation of losses for the Bank. Responsibilities include analyzing financial plans, negotiating loan collection, or restructuring, and recommending/overseeing litigation, liquidation, or charge-off of loans.

Key Responsibilities:

• Develop strategies for resolving classified (special asset) loans to minimize losses on the current loan portfolio.
• Analyze financial plans, negotiate loan collections or restructuring, make recommendations, and oversee litigation, liquidation, and charge-off of loans.
• Review and prepare necessary special assets reports.
• Manage ongoing non-pass rated borrowing relationships.
• Collaborate with legal counsels, collection agencies, and external partners to enforce loan recovery efforts.
• Provide leadership and oversee a team responsible for monitoring and managing special assets.
• Ensure staff are adequately trained and provided with necessary resources.
• Work closely with lending units to develop effective controls and processes for measuring, monitoring, and controlling risks.
• Communicate closely with senior management for reporting all special assets matters
• Stay updated on industry best practices and regulatory changes.
• Adhere to bank policies and procedures and ensure compliance with legal and regulatory requirements.
• Ensure compliance with all relevant laws, regulations, and internal policies related to distressed assets management.

Requirements/Qualifications:

• Bachelor's degree in Business, Finance, or Accounting, or related field or equivalent experience.
• Minimum five years of experience in lending related positions.
• Ability to retain a broad knowledge of tasks performed in the lending and liquidation functions.
• Good knowledge of lending regulations, lien laws, and loan documentation.
• Present a professional image in dealing with customers, interdepartmental, and external representatives.
• Good written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person, and over the phone.
• Ability to respond effectively to the most sensitive inquiries or customer complaints.
• Ability to make effective and persuasive speeches and presentations on controversial or complex topics to top management, employees, regulators, or board members.