First Interstate · 17 hours ago
Director of Special Assets
Sioux Falls, SD
Full-time
Onsite
Senior Level, Lead/Staff
10+ years expFirst Interstate BancSystem is seeking a Director of Special Assets to oversee and manage all criticized loans within the bank. The role involves mitigating risks associated with these loans by identifying underlying problems and implementing actionable plans to manage them effectively.
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Responsibilities
Oversees the management and performance of the Special Assets Group (SAG) unit to achieve total revenue outcome, value add objectives, desired risk profile, and internal and external relationships; all objectives are to be achieved in line with the corporate principles and with FIB’s stakeholders in mind (i.e., wholesale banking, shareholders, customers, community, and colleagues)
Assist, as required, in due diligence projects and acquisitions
Sets up processes and procedures that increase efficiency and reduce time commitments, while simultaneously managing risk effectively
Oversee day-to-day aspects of the SAG and complex projects
Manages loan workout teams with an understanding of its impact across the entire Bank
Identifies potential challenges and devise contingency plans to mitigate risk for FIB
Reduces the number of criticized borrowing relationships managed by the line of business to allow more time to generate new business activity
Explores all viable options to move borrowing relationships out of the bank that are designated as an “Exit” in a timely and cost-effective manner
Handles assigned loan workout accounts in compliance with departmental and company policies
Identifies and appropriately risk rate loans which show signs of financial deterioration
Recommends charge off when necessary
Coordinates and provides reporting from the FIB workstream
Collaborates with other areas of the risk team, and bank, to achieve their objectives while operating within the framework of the bank
Maintains high credit quality throughout FIB’s portfolio by partnering with credit and loan workout colleagues, risk management, lending staff, and regional management throughout the company to ensure a consistent credit culture, credit assessment, lending standards, and portfolio management
Provides insight and support for the Chief Risk Officer and the Chief Credit Officer in preparation of both internal and external presentations, earnings releases and related activities, presentations to internal governance, and regulatory interaction and requests
Assesses and communicates FIB portfolio and industry trends, proactive measures, recommend reviews, and policy updates, as required, to maintain the portfolio within acceptable risk profile
Manages, with other senior credit and risk staff, enterprise-wide credit activities
Assists with regulatory related activities, projects, and exams, as required
Participates, as requested, with various regulatory, external audit, and internal audit visits and examinations
Works with the regions to proactively appraise the sales pipeline to include assistance with structuring credits and providing industry knowledge
Enhances the analytical base for first line of defense assessment and reporting on credit performance and outlook, portfolio analysis and risk profiling, monitoring risk appetite alignment, and recommending enhancements to limits/settings as justified
Establishes appropriate reporting and monitoring mechanisms of specific loan segment characteristics that may impact loan performance in material segments, which may include rolling quarterly trends, semi-annual rent roll analysis for commercial real estate, review and analyze large loan reports, monitoring of construction loans, quarterly inspection reports, borrowing bases, and appraisals
Develops and delivers training and communications, in conjunction with senior credit staff, that ensures all business partners are approaching credit in a consistent manner
Hires, supervises, evaluates, mentors, and develops team
Performs personnel actions to include performance appraisals, disciplinary actions, and interviewing candidates for employment
Supervises the daily activities of the team to include delegation of assignments, development of work schedules to meet required timelines, and ensures training is completed
Coaches and trains bankers, and other credit staff members, on key asset quality metrics, health indicators, and quality sales generation
Qualification
Required
Strong financial analysis skills and abilities
Ability to read, analyze, and interpret the most complex documents
Ability to respond effectively to the most sensitive inquiries or complaints
Ability to write speeches and articles using original or innovative techniques or style
Ability to make effective and persuasive speeches and presentations on controversial or complex topics to top management, public groups, and/or boards of directors
Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry
Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations
Ability to define problems, collect data, establish facts, and draw valid conclusions
Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables
Bachelor's Degree in Business, Accounting, Finance, or related field required
10+ years experience in analytics, portfolio management, meeting regulatory expectations, formulating appropriate recommendations for policies and procedures, and/or the equivalent combination of education and experience required
Management experience required
Preferred
Experience in commercial lending, credit, and commercial loan workouts preferred
Benefits
Generous Paid Time Off (PTO) in addition to paid federal holidays.
Student debt employer repayment program.
401(k) retirement plan with a 6% match.
Company
First Interstate
At First Interstate, we meet people where they are—helping them get to where they want to be.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Kevin Riley
President and Chief Executive Officer
BRITTNEY BAUER
REAL ESTATE LOAN PROCESSOR/CLOSER
Recent News
2025-10-03
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