Special Assets Officer II

$72,000 - $115,000/Yr

Umpqua Bank - Portland, OR

Full-time - Mid Level

Portland, OR

1,001-5,000 employees

Credit Intermediation and Related Activities

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 overseeing asset disposition plans, conducting negotiations, and managing collections on assigned accounts. The officer will also evaluate bank collateral positions and recommend alternative workout solutions, while ensuring compliance with bank regulations and policies.

Responsibilities

• Manage a portfolio of problem commercial borrowing relationships to maximize recovery.
• Implement workout and liquidation strategies to mitigate losses.
• Oversee asset disposition plans and marketing of bank-acquired loan collateral.
• Conduct evaluations and document bank collateral positions.
• Manage collection activities on assigned accounts, including follow-ups and fee waivers.
• Direct legal actions, bankruptcy, foreclosure, and repossession processes.
• Facilitate negotiations and meetings with attorneys and borrowers.
• Prepare complex analyses related to discounted cash flow and stabilization projections.
• Analyze problem loans and make recommendations for foreclosure or liquidation.
• Coach, mentor, or train other staff as needed.

Requirements

• Bachelor's Degree in business, finance, or a related field.
• 4-7 years of experience in special assets, commercial lending, or loan workout.
• 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, and foreclosure processes.
• Excellent interpersonal, written, verbal, organizational, negotiation, analytical, and decision-making skills.
• Proficient in Microsoft Word and Excel.

Nice-to-haves

• Ability to handle larger and complex transactions.
• Interest in training and presenting to audiences.
• Experience in real estate sales management and recovery/liquidation.

Benefits

• Disability insurance
• Health insurance
• Dental insurance
• 401(k)
• Tuition reimbursement
• On-the-job training
• Employee assistance program
• Vision insurance
• 401(k) matching
• Employee discount
• Life insurance
• Pet insurance