Special Assets Officer II

$72,000 - $115,000/Yr

Umpqua Bank - Sacramento, CA

Full-time - Mid Level

Sacramento, CA

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 implementing asset disposition plans, managing collections, and conducting negotiations with borrowers and attorneys. The officer will also prepare complex analyses and facilitate meetings to negotiate workout plans, 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.
• Develop and oversee asset disposition plans for bank-acquired loan collateral.
• Conduct evaluations and document bank collateral positions.
• Manage collection activities on assigned accounts, including follow-ups with borrowers.
• Direct legal actions, bankruptcy, foreclosure, and repossession processes.
• Prepare complex analyses related to discounted cash flow and stabilization projections.
• Facilitate meetings with borrowers, guarantors, and attorneys to negotiate workout plans.
• Ensure compliance with all bank regulations and policies.

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.

Nice-to-haves

• Ability to handle larger and complex transactions.
• Strong commercial credit skills and ability to assess business financial statements.
• Advanced knowledge of financial analysis, bankruptcy, workout, and litigation processes.
• Ability to train and present to small or large audiences.
• Excellent interpersonal, written, verbal, organizational, negotiation, analytical, and decision-making skills.

Benefits

• Comprehensive 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.
• Auto and home insurance.
• Pet insurance and access to an online discount marketplace.
• Paid vacation, sick days, volunteer days, and holidays.