Special Assets Officer II

About the position

The Special Assets Officer II at Umpqua Bank is responsible for managing a portfolio of problem commercial borrowing relationships, focusing on maximizing recovery through effective workout and liquidation strategies. This role involves implementing asset disposition plans, managing collection activities, and directing legal actions related to the bank's portfolio. The officer will also prepare complex analyses for senior management and facilitate negotiations with borrowers and attorneys. This position may involve supervising other staff and requires a strong understanding of financial analysis and commercial credit skills.

Responsibilities

• Manage a portfolio of problem commercial borrowing relationships to maximize recovery.
• Implement workout and liquidation strategies to mitigate losses.
• Manage asset disposition plans through effective marketing of bank-acquired loan collateral.
• Evaluate and document bank collateral positions and recommend alternative workout solutions.
• Direct legal actions, bankruptcy, foreclosure, and repossession processes for the team's portfolio.
• Prepare complex analyses related to discounted cash flow and stabilization projections for approval by senior management.
• Facilitate meetings with borrowers, guarantors, and attorneys to negotiate workout plans.
• Handle collections and charge-off accounts, assisting lending officers as needed.
• Demonstrate compliance with all bank regulations and complete required training.
• Coach, mentor, or train others as a subject matter expert.

Requirements

• Bachelor's Degree in business, finance, or a related field, or equivalent experience.
• 4-7 years of experience in special assets, commercial lending, loan workout, foreclosure, or loss mitigation.
• Strong commercial credit skills and ability to assess business financial statements.
• Advanced knowledge of financial analysis, bankruptcy, workout, and litigation processes.
• Excellent interpersonal, written, verbal, organizational, negotiation, analytical, and decision-making skills.
• Proficient in Word and Excel, with the ability to learn in-house software quickly.

Nice-to-haves

• Less than 2 years previous supervisory or lead work experience.
• Ability to train and present to small or large audiences.

Benefits

• Competitive total rewards package including base wages and comprehensive benefits.
• Healthcare coverage (medical, dental, and vision plans).
• 401(k) retirement savings plan with employer match.
• Employee assistance program.
• Life insurance and disability insurance.
• Tuition assistance and mental health resources.
• Identity theft protection and legal support.
• Paid vacation, sick days, volunteer days, and holidays.