Rockland Trust · 4 months ago
Senior Special Assets Officer
MA, United States
Full-time
Onsite
Senior Level, Lead/Staff
$170K/yr - $185K/yr
10+ years expRockland Trust is seeking a Senior Special Assets Officer to provide loan workout leadership across the Commercial division. The candidate will manage a portfolio of criticized and distressed commercial loans, focusing on risk management and loss mitigation.
Payments
Responsibilities
Perform the duties of a loan officer and be responsible for the restructuring/loss mitigation on the larger, more complex criticized and classified loans. This will include but not limited to middle size middle market accounts, national syndicated credits, specialized loans and commercial RE loans and projects
Be capable of applying credit officer, asset management and risk management disciplines
Be proficient in commercial real estate and C&I financial analysis and loan structuring, as well as knowledge of underlying asset valuation techniques
Have experience and knowledge around legal documentation and loan covenants with respect to default and bankruptcy scenarios and restructuring strategies for commercial loans
Utilize expertise in Special Assets to ensure Rockland Trust is leveraging best practices and proactively evolving the policies and programs employed by the Bank
Capable of working closely with and influencing senior leaders within the Commercial division when creating, revising or implementing Special Assets workout strategies
Capable of working with Portfolio Risk and Finance providing impairment analysis and recommendations for reserves and/or necessary charge offs
Ensure compliance with all internal, external and regulatory compliance matters and issues. Understand completely all specific rules, regulations, and laws that relate to the management of problem credits within financial institutions and specifically Rockland Trust
Perform consistent, timely and high quality credit administration duties including proper ratings of assigned loan portfolio, file maintenance, timely completion of memorandums, status reports
A solid track record of mentoring others, building partnerships and fostering a culture of collaboration
Skilled in gaining confidence and building trusting relationships with senior leaders
Lead aggressive and comprehensive workout strategy to ensure optimal loss protection to the Bank in terms of both time and money, while maintaining compliance with regulatory requirements
Negotiate and contract with various professionals such as attorneys, appraisers, brokers, etc. to provide services to ensure best cost/benefit return to Bank
Evaluate financial information, collateral, legal documentation and other available information to project probable and maximum loss exposure to Bank
Proactively seek to improve processes and implement best in class solutions, raising quality and productivity in a calculated way
Lead criticized and watch list internal governance process and ensure compliance with all reporting and regulatory requirements
Create a learning culture within Special Assets in order to avoid future mistakes
The candidate shall possess the ability to make complex restructuring and risk mitigation strategies to prevent bank losses, which are based on their analysis of the business’ financial condition, cash flow, capacity, collateral and its ability to repay
Ability to communicate with existing loan customers, their accountants, and lawyers as needed to obtain information concerning their business, needs, abilities and earnings to determine risk mitigation strategies to prevent losses for the bank
Ability to communicate with attorneys as needed to obtain information concerning legal strategies to determine risk mitigation strategies to prevent losses for the bank
Qualification
Required
Bachelor's Degree
Formal Credit Training
10+ years previous experience in servicing and working with distressed portfolios of commercial loans in a regional banking environment
Proficient in commercial real estate and C&I financial analysis and loan structuring
Knowledge of underlying asset valuation techniques
Experience and knowledge around legal documentation and loan covenants with respect to default and bankruptcy scenarios and restructuring strategies for commercial loans
Ability to communicate with existing loan customers, their accountants, and lawyers as needed to obtain information concerning their business, needs, abilities and earnings to determine risk mitigation strategies to prevent losses for the bank
Ability to communicate with attorneys as needed to obtain information concerning legal strategies to determine risk mitigation strategies to prevent losses for the bank
Preferred
An MBA, Accounting, Finance, Economics or equivalent experience
Benefits
Health Insurance
Dental Insurance
A 401K and DC Plan for your retirement
LTD & Life Insurance
Vacation Time
Day Care Reimbursement
Tuition Assistance for graduate and undergraduate programs
An Award Winning Wellness program
Company
Rockland Trust
Rockland Trust is a small community bank that is FDIC insured and has over 80 locations.
1001-5000 employees
H1B Sponsorship
Rockland Trust has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (7)
2024 (6)
2023 (1)
2022 (3)
2021 (2)
2020 (3)
Funding
Current Stage
Public CompanyTotal Funding
unknown1986-05-23IPO
Leadership Team
Jeffrey Tengel
Chief Executive Officer
Edward Jankowski
Chief Technology and Operations Officer
Recent News
2025-11-07
2025-10-28
Morningstar.com
2025-09-19
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