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Metropolitan Commercial Bank · 12 hours ago

VP Special Assets Officer

NYC Metro Area

Full-time

Hybrid

Senior Level, Lead/Staff

$140K/yr - $150K/yr

10+ years exp

Metropolitan Commercial Bank is a full-service commercial bank based in New York City. The Special Assets Officer will manage a portfolio of criticized and classified loans and develop exit strategies to protect the bank from incurring loan losses, while working to find mutually beneficial solutions for borrowers.

BankingBusiness DevelopmentCommercial

Responsibilities

Manage and oversee assigned portfolio of criticized and classified loans

Negotiate workout transactions with borrowers to minimize risk to bank

Recommend appropriate strategies for resolution of loans to senior management

Partner with lending team members to assist with watch list credits as needed

Ensure risk ratings are accurate

Prepare quarterly Asset Recovery Group Memos and present to committee

Monitor and assess collateral values of loans in the assigned portfolio and prepare all quarterly impairment/specific reserve memos

Review and or assist with preparation of credit approvals for credit actions on assigned criticized and classified loans and ensure proper documentation of same

Work with counsel as needed to document restructures, initiate foreclosure proceedings and/or bankruptcy matters when necessary

Qualification

Commercial loan workoutCredit analysisNegotiation skillsLoan risk rating knowledgeComplex loan documentationForeclosure processesBankruptcy proceedingsInternal loan workout reportsCollaboration with counsel