What You’ll Do

Under the supervision of the SVP/ Special Assets Manager, the Special Assets Officer (SAO) will assist in the restructuring of troubled borrower relationships and/or adversely graded loans within the Bank’s loan portfolio while ensuring compliance with all applicable state and federal laws, rules and regulations and Bank lending policies and procedures. This role may manage a portfolio of credits that include, but are not limited to, commercial real estate, agricultural properties, perishable inventory, processing facilities and consumer loans. In addition, the SAO will perform detailed analysis of financial statements, cash flows and impairments. The SAO will also prepare various monthly and quarterly reports required of the Special Assets Department.

Responsibilities Include

• Manage a portfolio of criticized and classified loans as assigned, to minimize delinquency and charge-offs
• Provides quality and timely analysis and reporting, as required
• Meet with problem loan customers to evaluate the severity of the problem and develop recommendations to improve the likelihood of repayment and minimize risk of loss to the Bank
• Negotiate with debtors or their representatives to secure repayment agreements and monitors adherence to the terms of approved repayment agreements
• Obtain, manage and dispose of repossessed assets in an efficient and timely manner
• Ensure the risk rating, accrual status and loan loss provisions of the assigned portfolio accurately reflect the risk of those assets.
• Ensure that charge-offs are recommended on a timely basis
• In collaboration with SVP/Special Assets Manager, may be assigned to manage bankruptcy and foreclosure processes, which would include interactions with legal counsel
• Provide guidance regarding the early identification, evaluation of and potential strategies for deteriorating loan situations to lending staff on smaller, non-complex business purpose credits not formally assigned to Special Assets to minimize losses and maximize recoveries

What You’ll Need to be Successful

• • Accuracy and Thoroughness –Strong attention to detail
  • Analytical Skills – Must have strong problem-solving and critical thinking skills
  • Communication – Must speak and write clearly and persuasively in all situations; you listen, get clarification, and respond well to questions
  • Innovation –An original thinker who brings creativity to dealing with work problems and opportunities, meeting challenges with resourcefulness
  • Compliance – Must adhere to Bank policies and regulations

Qualifications

• High school diploma or GED required
• Some college required, Bachelor’s degree highly preferred, with a focus on finance or accounting preferred
• Minimum 5 years of direct Special Asset experience within commercial and/or consumer lending
• Ability to critically think and define problems, collect data, establish facts and draw conclusions, with support for same
• Advanced skills utilizing Microsoft Excel with experience in Outlook, Work and PowerPoint

Why You Should Apply

• Full-time position with excellent compensation and benefits package
• Generous time off programs
• Bonus program
• Profit-sharing
• Discounted stock purchase program
• Excellent growth and development opportunities
• And much more!

Pay Range (Salary): $140,000- $170,000/year

The purpose of this job description is to provide a summary of duties related to the position. It is not intended to be all-inclusive. The employee will perform other reasonable business duties as assigned by supervisor or other management.

First Northern Bank does not discriminate based on race, color, religions, sex, gender identity, age, national origin, marital status, pregnancy, disability, or any other protected status.

The duties outlined in this description are subject to modification or change by the organization, at any time, with or without notice.