SVP Special Assets Manager

Address We're always looking for bright individuals to join our growing organization. As a part of the First Financial Family, we will invest in your development and provide a dynamic work environment where you're challenged, valued and empowered every day. We strive to be the best destination for the industry's top talent, creating a diverse, collaborative workplace that celebrates innovation and change. We are one team, working together to get things done.

Job Description:

Office Location:

Fulshear, Texas, United States

SCOPE/CONTACTS

Incumbent will lead the workout function for the highest risk commercial loans to minimize potential losses, manage related expenses and bank liability, and maximize recovery. Incumbent will work closely with Credit Administration and various bank Regions to ensure alignment on the workout approach, risks, ongoing developments, and timing of key action steps.

ESSENTIAL FUNCTIONS

Stand-up and lead the Special Assets function covering all classified and non-performing Commercial loans. This includes developing policies, procedures, line of business transfer protocols, and workout-strategy documentation standards. Team Lead will also be responsible for hiring, coaching, and managing junior special asset officers as needed. Evaluate lending relationships to determine whether an exit or retention strategy is appropriate by analyzing borrower financial information, collateral, legal documentation and other available information to project probable and maximum loss exposure to the bank. Develop and execute tailored workout strategies for the highest risk commercial loans in partnership with Credit Administration and Regional Leaders, to maximize recovery and minimize bank expenses. Workout strategies to include modifications, restructurings, forbearance agreements, settlements, collateral liquidation, foreclosure, and bankruptcy actions. Develop and implement periodic reporting routines to keep bank leadership informed of the highest risk credits and ensure alignment on risk rating triggers and the action plans. Consult with internal and external legal counsel regarding enforceability of loan documentation and perfection of collateral, as well as necessary legal actions and strategies to protect the Bank's position. Lead negotiations with borrowers, guarantors, legal counsel, and third-party advisors to optimize recovery outcomes. Ensure specific reserves and charge-offs are accurate and timely. Oversee collection efforts for fully charged-off loans in partnership with regional bank partners. Manage third-party vendor relationships including receivers, brokers, auctioneers, and special servicers. Formalize asset disposition routines and preferred vendor network. Partner with executive leadership on risk strategy and portfolio concerns.

MINIMUM QUALIFICATIONS

10+ years of commercial banking experience. Demonstrated experience managing classified and nonperforming portfolios. Significant hands-on workout and restructuring experience across a wide variety of C&I and CRE loans, including SBA. Deep knowledge of loan documentation, collateral perfection / liquidation, bankruptcy law basics, and regulatory classification standards. Proven leadership experience with the ability to build and mentor high-performing teams. Exceptional negotiation, analytical, and communication skills. The above statements reflect the general details considered necessary to decide the principal functions of the job identified and shall not be construed as a detailed description of all work requirements that may be inherent in the job. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)