First Internet Bank · 3 hours ago
SBA Special Assets Manager
Fishers, IN
Full-time
Onsite
Senior Level, Lead/Staff
10+ years expFirst Internet Bank is dedicated to innovative banking solutions and is seeking an SBA Special Assets Manager to oversee distressed SBA loans. The role involves managing a portfolio of adversely rated assets, leading a team, and ensuring compliance with regulatory standards.
BankingFinancial ServicesInternet
Responsibilities
Provide proactive oversight and timely resolution of a portfolio of adversely rated SBA, commercial, and other distressed assets
Lead a team of Special Asset Officers in the negotiation, structure, and implementation of loan level workout agreements in support of the rehabilitation or exit of distressed credits
Underwrite, approve, and drive workout and recovery initiatives on a per loan and general portfolio basis in conjunction and as directed by management
Prepare and provide a comprehensive risk analysis in a weekly, monthly, and quarterly reporting format for senior management in support of regulatory and strategic institutional goals
Lead communications and correspondence with key SBA Servicing Centers, District Counsel, and Oversight in support of the proper request and receipt of the SBA guarantee
Drive the engagement and relationship for key third party consultants, including but not limited to Attorney firms, Appraisal and Auctioneer companies, Environmental review firms, Receivers, etc
Assist in the oversight/advisement of the Portfolio Management team in the identification, monitoring, and eventual transfer of distressed credits into the workout department
Lead and direct any field operation requirements to include, but not limited to business site visits, collateral auction or disposition oversight, mustering of collateral, court and other litigation requirements, or any other external litigation or liquidation activities on behalf of the bank
Work in conjunction with the VP, SBA Servicing on any reporting or strategic initiatives with internal partners such as internal Finance and Credit Administration, to ensure the proper reporting, grading, and recording of any reserve or write down requirements throughout the individual loan workout phase
Assist the VP-SBA Servicing in the strategic implementation of division, department, and larger bank initiatives
Perform other duties as assigned
Qualification
Required
A minimum of ten years of experience in Workout or similar Portfolio Management roles
A minimum of seven years of direct experience working with SBA specific documentation, to include Demand Purchase Packages, Litigation/Liquidation Plans, CPC, and Wrap Up Reports
Advanced knowledge of commercial/residential real estate closing and liquidation practices
Advanced knowledge of UCC regulations and other disposition practices
Advanced knowledge of regulatory and accounting practices, as it relates to risk and adversely rated credits
Ability to manage a high volume/high pace environment with various intervening and competing goals
Strong analytical and quantitative skills
Ability to think strategically and make data driven decisions
Excellent leadership, communication, and interpersonal skills
Benefits
Medical, Dental, and Vision Insurance for Full-Time employees - Eligibility begins on day one of employment
401(k) Retirement Plan with Generous Match for Full-Time and Part-Time employees - Eligibility begins on day one of employment
Professional Development Reimbursement
At Least 3 Weeks Paid Vacation Annually - For New Employees, Paid Vacation is Adjusted Based on Start Date
Eleven Paid Holidays
Paid Volunteer Time
Annual First Internet Bank-branded merchandise allowance
Company
First Internet Bank
First Internet Bank is an FDIC-insured institution that provides real-time transaction services. It is a sub-organization of First Internet Bancorp.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Mark Brown
First Vice President - Finance - Fintech and Special Projects
Lorraine Ortiz
Chief People Officer
Recent News
2026-01-14
2025-10-27
Morningstar.com
2025-10-23
Company data provided by crunchbase