Apply on Employer Site

Austin Bank · 4 months ago

Special Assets Manager

Kilgore, Texas, United States

Full-time

Onsite

Mid Level

3+ years exp

Austin Bank is a financial institution seeking a Special Assets Manager. This role involves supervising staff, managing bankruptcy cases, and collaborating with attorneys to handle legal matters related to charged-off accounts and foreclosures.

BitcoinFinancial ServicesVenture Capital

Responsibilities

Supervise staff, including time keeping for Special Assets employees

Answers phones, places calls, resolves problems, and answers questions relating to bankruptcy and charged-off accounts

Establish banks position in bankruptcy case by reviewing filed documentation such as petition and schedules and internal documentation such as notes, security agreements, titles, and UCC’s

Attend creditor’s meetings and court hearings on issues such as Motion to Lift stay, Cash Collateral Order, and Plan Confirmation

Prepare and file proofs of claim and all other necessary documents as needed

Work closely with bank’s attorneys for bankruptcies, judgment, foreclosures, repossessions or other legal activity as needed

Provide all loan documentation to bankruptcy attorney when they are required to prepare orders, motions, and agreements

Review and approve all attorney prepared documents like Motion to Lift Stay, Cash Collateral Order, Proof of Claim, and Agreed Order

Repossess/Foreclose and liquidate collateral, and prepare and mail all letters and internal memos as required

Utilize new software “CARM-Pro” as the record keeper for repossessions, foreclosures to ensure date sensitive material is prepared timely

Keeps accurate records of foreclosures and repossessions for auditing purposes

As requested, problem loans are given to the special assets Collector to work the loans closely with the customer. May meet with customer in person to assess the situation as needed. Updates Chief Lending Officer and Regional Presidents regarding customers in their area

Review current value determination on collateral and request updated value determination when needed

Monitor bankruptcy cases for dismissal or discharge

Review all charged-off, foreclosure, and repossession memos to determine collectability

Prepare and mail collection letters

Negotiate repayment terms with customers on charged-off accounts

Supervises and handles law suit and judgment filings, with and without legal representation

Supervises the incoming tax suits and follows through with the lender to ensure taxes are paid to protect our lien position

Monitor, track, and renew judgments as needed

Aids lending personnel in locating customers and collateral using skip tracing software, internet and social media

Prepare monthly reports for management and assists with board reports

Works closely with Loan Operations and assists in special projects as time allows

Administrator for collections software, IBS CARM-Pro

Open and monitor all Bankruptcy Debtors-in- Possession (DIP) accounts

Prepare and submit quarterly report on Debtor-in-Possession (DIP) accounts to the U.S. Trustees office as required

Employee is responsible to understand and comply with regulatory requirements for financial transactions, most specifically Bank Secrecy Act (BSA) and Customer Identification Program (CIP) as it relates to specific job functions

Exhibits superior customer service as an Austin Bank team member. Demonstrates high quality relationship building techniques to ensure the customer receives the best possible solution to banking and financial needs. Helps promote a loyal relationship between the customer and Austin bank

Participates in developing a teamwork atmosphere with co-workers as part of department/branch location by attending meetings, participating in discussions, treating co-workers with respect and courtesy, and contributing to departmental goals

Has a responsibility to stay abreast of company communications by reading publications, announcements and company e-mails, etc. Takes advantage of appropriate communication channels regarding bank related business matters

Develop personal skills and capabilities through on-going training, as provided by the company or elsewhere subject to Company approval

Uphold and safeguard the organizations values particularly relating to ethics, integrity, and confidentiality both internally and externally

Greets customers and provides superior customer service

Qualification

Bankruptcy knowledgeFair Debt Collection Practices ActCollections software administrationLegal documentation preparationCustomer service skillsTeamworkCommunication skillsProblem-solving skills