First Internet Bank · 4 months ago
SBA Special Assets Officer I
Fishers, IN, USA
Full-time
Hybrid
Mid Level
3+ years expFirst Internet Bank is dedicated to providing innovative banking solutions and is seeking a Small Business Administration (SBA) Special Assets Officer I. This role involves managing delinquent SBA loans, analyzing financial reports, and coordinating with various internal and external partners to mitigate risks and ensure compliance with regulations.
BankingFinancial ServicesInternet
Responsibilities
Interact with numerous internal partners and external vendors (attorneys, appraisers, brokers, agents, title companies, closing agents, and any other 3rd party firms) to protect and advance the interest of the bank
Coordinate with Portfolio Managers on long term strategy for credits in distress prior to transfer to the Special Assets Department
Assist in the collection of payment, modification of loan structures, and other workout related activities for loans managed by the Special Assets Department
Responsible for collecting and analyzing financial reports to determine a deeper understanding of credit risk associated with assigned credits, and recommend action plans for resolving the same
Aid with ensuring the most cost-effective approach to liquidation and recovery by working extensively with outside counsel, auctioneers, appraisers, landlords, and other third parties
Perform portfolio-wide audits/internal reviews in order to proactively uncover potential risks
Verify accuracy of charge-offs and risk ratings for compliance with regulations
Prepare Purchase Demand Kit(s), CPC Expense Requests, Litigation plans, Wrap Up reports, and other documentation packages as required for submission to the SBA
Prepare internal bank reports related to delinquency and work-out
Maintain proper administration of the Special Assets module within the PCFS Loan Manager and/or nCino
Work directly with the SBA and bank counsel to handle any issues related to the protection and honoring of the guaranty
Analyze and identify impairments/write downs, as well as required adjustments to risk ratings to maintain compliance with internal and external regulations
Assist with preparation of internal reports related to delinquency, work-out, resolutions, and recoveries of adversely rated credits
Assist with workout of non-SBA loans as needed
Perform other duties as assigned
Qualification
Required
A minimum of three years of direct experience working in an SBA Special Assets Role, or five years of SBA Portfolio Manager direct experience, required
Proven knowledge of the SBA SOP's 50 57 and actions as outlined in the 7a Servicing and Liquidation Actions is required
Ability to manage volume and multi-task across multiple loans at any given time
Knowledge and skill set in MS Office (Word, Excel, etc.), Skype, and Zoom. Experience in Loan platform systems of E-Tran, nCino and PCFS is also preferred
Benefits
Medical Dental, Vision Insurance
401(k) Retirement Plan with Generous Match
Professional Development Reimbursement
3 Weeks Paid Vacation Plus Paid Holidays
Paid Volunteer Time
Business Apparel Allowance
Company
First Internet Bank
First Internet Bank is an FDIC-insured institution that provides real-time transaction services. It is a sub-organization of First Internet Bancorp.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Mark Brown
First Vice President - Finance - Fintech and Special Projects
Lorraine Ortiz
Chief People Officer
Recent News
2026-01-14
2025-10-27
Morningstar.com
2025-10-23
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