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The Bank of Tampa · 1 month ago

Special Assets Manager

Brandon, Brandon, FL, US

Full-time

Onsite

Senior Level

5+ years exp

The Bank of Tampa is a financial institution that values honesty, integrity, and community service. They are seeking a Special Assets Manager to oversee high-risk credits and provide strategic direction to minimize losses while maintaining strong relationships with borrowers and external professionals.

BankingFinancial ServicesVenture Capital

No H1B

Responsibilities

Acts as a cultural ambassador to internal and external clients, providing a professional, exceptional, and supportive experience with each interaction

Develops and/or recommends strategies for improving the Bank’s position with credits that are not performing or are at risk of not performing, to include an analysis of available cash flow to service debt, value of collateral, accuracy and completeness of loan documentation, adequacy of reserves on credits under management, and the restructuring or collection of credits managed by Special Assets

Maintains records of restructuring or collection and reporting same to Executive Management at regularly scheduled meetings and to the Board as deemed appropriate

Works closely with outside professionals to determine value of collateral and best methods for disposition of assets obtained from credits that have defaulted. Knowledge of local market conditions and an understanding of collateral valuation methodologies is required

Works with clients and professionals on controlling the conversion of assets into cash. Requires a strong working knowledge of laws associated with collateral perfection, creditor’s rights and ability to work with clients effectively in a collection situation

Ability to analyze adequacy of loan loss reserves, historical loan losses, and recommend Specific Reserves on credits managed by Special Assets

Works closely with the Accounting and Credit Administration areas of the Bank to ensure that write downs are handled promptly, as well as recommendations for charge-offs and charge downs. Coordinates the flow of pertinent information to Accounting and Credit Departments regarding revenue and expenses associated with the collection effort and management and disposition of assets owned by the Bank. Reviews with the Accounting Department and the Chief Credit Officer as to the proper accounting of loans going to ORE

Chairs Special Assets Committee and facilitates the agenda discussion

Maintains proper controls and reports on non-accruing loans and judgments obtained by Bank

Supervises Special Assets Assistant by delegating tasks, providing guidance, and ensuring accurate documentation of loan workout activities

Excellent written and verbal communication skills. Must be capable of functioning effectively with minimal guidance and able to meet deadlines

Consistently delivers outstanding client service with a friendly attitude

Qualification

Special Assets experienceCredit underwriting experienceCollateral valuation knowledgeSupervisory experienceMicrosoft Office proficiencyCommunication skillsCollaborative environmentAdaptability