NexTier Bank · 1 day ago
Special Assets Officer
Butler, PA, US
Full-time
Onsite
Senior Level
6+ years expNexTier Bank is seeking a Special Assets Officer to direct and supervise the Special Asset Department, focusing on loan collection and foreclosure activities. The role includes managing real estate obtained through foreclosure and negotiating rental, lease, or sales agreements.
CommunitiesFinancial ServicesInsuranceVenture Capital
Responsibilities
Participates in the financial institution’s development of collection policies and procedures for foreclosure, credit for payment of delinquent accounts, and other default procedures
Reviews the delinquent loan status for the financial institution, may make contact with delinquent account holders through telephone calls, letters and personal visits
Approves subordinate personnel collection activities regarding workouts of loan payments on delinquent accounts, assisting in procedures when necessary
Manages reports of current and recently closed residential mortgage and commercial loans ensuring that the information is accurate and in compliance with fair credit reporting regulations
Directs foreclosure of delinquent accounts determined to be unresolvable, ensuring that all proper documentation is accounted for and all data are properly entered
Works with financial institution legal counsel regarding litigation and foreclosure activities and attends court hearings as required
Oversees foreclosed properties for proper management and regular inspections, as well as tax and insurance payments
Performs other duties as assigned
Attend seminars and meetings as appropriate
Comply with all safety policies, practices, and procedures
Participate in proactive team efforts to achieve departmental and company goals
Perform other duties as assigned
Qualification
Required
Bachelor's degree in related field
At least six years related experience and/or training
Or equivalent combination of education and experience
Knowledge of principles and processes for providing customer and personal services
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar
Knowledge of business and management principles involved in strategic planning, resource allocation, leadership technique, and coordination of people and resources
Strong organizational and analytical skills
Knowledge of principle and methods for promoting and selling products or services
Talking to others to convey information effectively
Communicating effectively in writing as appropriate for the needs of the audience
Intermediate computer skills including electronic mail, routine database activity, word processing, spreadsheet, etc
Knowledge of administrative and clerical procedures and systems such as managing files and records, and other office procedures and terminology
Knowledge of accounting principles and practices, banking and the analysis and reporting of financial data
Knowledge of financial industry and bank dynamics, and a thorough knowledge of bank's products and services, and bank security and transaction policies
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems
Monitoring/assessing your performance to make improvements or take corrective action
Knowledge of banking laws and regulations
Maintain knowledge of Bank Secrecy Act regulations and all other regulatory, security and bank policies and procedures
Company
NexTier Bank
NexTier Bank is a bank that offers community banking services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Heather Lively
Executive Vice President and Chief Financial Officer
Brian Dutton
EVP, Chief Operating Officer & General Counsel
Recent News
2025-10-06
2025-06-25
Rochester Business Journal
2025-05-04
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