Special Asset Portfolio Manager

Position Description:

This position provides direct support to the Special Assets Officer in management, servicing, and resolution of problem loans and classified credits. The role is designed as a support position focused on learning and supporting special assets strategies, borrower engagement, cash flow and collateral analysis, and workout processes under the direction of the Special Assets Officer. The Special Assets Portfolio Manager assists with execution, analysis, documentation, and coordination. This position will also support lending team, and bank partners including First Southwest Community Fund. Assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations.

Position Responsibilities:

• Responsible for loan servicing of problem loans, including recording recoveries and maintaining systems for Credit Ratings, Non-Accrual Status, Charge Off, Bankruptcy, etc. Assist SAO with collection efforts and payment default reporting, including monitoring past due loans and sending out past due notices for bank and key partners. o Primary support for consumer loan past due communication and notices. Assist the Special Assets Officer in reviewing borrower financial statements, cash flows, and collateral valuations to support repayment and workout analyses. Participate in borrower meetings, calls, and site visits/inspections to evaluate operations, collateral condition, and progress under workout or resolution plans. Assist with gathering borrower documentation and following up on agreed action items. Responsible for tracking covenant compliance, tickler system, public record filings, client correspondence, loan payments/extensions processing. Responsible for coordinating and ordering appraisals, inspections, title work, environmental and foreclosure reports, and tracking of collateral exceptions. Assist with completing reporting and research as it relates to liquidation and restructuring of problem loan relationships and assets. Responsible for boarding and monitoring recovery loans (Settlement Agreements) & Payments. Monitor, track, and follow up on charge-off/settlement payment plans to increase recoveries. Coordinate with Legal and Credit Administration on foreclosure, bankruptcy, and enforcement actions under direction of the SAO. Assists with Government Guaranteed loans in default, claims, etc. for bank and key partners. Assist SAO with management and maintaining Other Real Estate Owned (OREO), OREO sales and rental income, repossessions, bankruptcies, and various other duties for bank and key partners.

SECONDARY DUTIES

Provide back-up support for Special Assets Officer. Coordinate with lending staff to complete problem loan reports and watch list resolutions. Ensures proper record retention for problem loans and bank owned assets. Responsible for scanning documents into loan system. Assist with monthly board reporting, as well as reporting for key partners. Assist with Allowance for Credit Loss inputs into CECL model. Responsible for reconciliation of Loan Loss Reserve GL accounts and other special asset accounts. Performs other duties as assigned such as special projects.

Minimum Qualifications:

KNOWLEDGE AND SKILL REQUIREMENTS

- • Technologically proficient in Word and Excel. Consumer/CML/AG knowledge and Special Assets experience preferred Working knowledge with credit and deposits preferred Superior communication skills (oral, written, listening) and expresses ideas clearly and credibly Adaptive, flexible, and comfortable with evolving and progressive change Preferred knowledge of loans, credit reviews, foreclosures, taxes, insurance, appraisals and analyzing commercial, consumer and business situations. Possess strong organizational skills, ability to handle multiple tasks and meet tight deadlines Ability to be flexible and prioritize work. Ability to read and interpret documents such as bank policies and procedures, bank statements, financial statements, operations and procedural manuals

QUALIFICATIONS

- 2+ years' experience with loans, documentation, credit review, credit and lending analysis, policies, procedures and reporting or other directly related experience Bachelor's degree in relevant field preferred

Physical Demands and Work Environment:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions. Required to talk and hear; frequently required to use hands and fingers to handle or feel objects, tools or controls. Ability to stand and sit, reaching with hands and arms; kneeling, crouching. Must occasionally lift and/or move up to 20 pounds. Specific vision abilities required include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus. The noise level in the work environment is usually low to moderate. Depending on location and time of year, extreme high and low temperatures within the building will be experienced.

Additional Information:

BSA Requirements:

It is the responsibility of all employees to make all reasonable efforts to identify suspicious cash activity which may be associated with customer attempts to avoid the reporting requirements of the BSA or government or federal tax reporting, as well as potential money laundering resulting from criminal / illegal activities. All suspicious activity, regardless of the amount involved in the transaction, must be reported to a supervisor or Branch Manager for further investigation and possible reporting by the Bank Secrecy Officer to the Financial Crimes Enforcement Network (FinCEN). No director, officer, employee, or agent who reports a suspicious transaction under the requirements of the BSA may notify any person involved in the transaction that the transaction has been reported. Each employee of the bank shall be required to complete Bank Secrecy Act / Suspicious Activity training periodically which is commensurate with the duties of their position.