Special Assets Officer II

$72,000 - $115,000/Yr

Umpqua Bank - Hillsboro, OR

Full-time - Mid Level

Hillsboro, OR

1,001-5,000 employees

Credit Intermediation and Related Activities

About the position

The Special Assets Officer II is responsible for managing a portfolio of problem commercial borrowing relationships to maximize recovery for Umpqua Bank. This role involves implementing workout and liquidation strategies, managing asset disposition plans, and overseeing complex transactions. The officer will also conduct negotiations, manage collections, and ensure compliance with bank regulations while fostering a positive corporate culture.

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.
• Oversee Other Real Estate Owned (OREO) properties and develop short sale strategies.
• Evaluate and document bank collateral positions and recommend alternative workout solutions.
• Manage collection activities on assigned accounts, including follow-ups with borrowers.
• Direct legal actions, bankruptcy, foreclosure, and repossession processes.
• Conduct negotiations and meetings with attorneys and borrowers.
• Prepare complex analyses related to discounted cash flow and stabilization projections.
• Facilitate meetings with borrowers, guarantors, and business bankers to negotiate workout plans.

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 real estate sales management.
• Less than 2 years of previous supervisory or lead work experience preferred.
• Strong commercial credit skills and ability to assess business financial statements.
• Advanced knowledge of financial analysis, bankruptcy, workout, UCC, litigation, and foreclosure processes.
• Excellent interpersonal, written, verbal, organizational, negotiation, analytical, and decision-making skills.
• Ability to work productively and accurately with limited supervision.

Nice-to-haves

• Ability to handle larger and complex transactions.
• Interest in training and presenting 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.
• Access to an online discount marketplace.
• Paid vacation, sick days, volunteer days, and holidays.