Special Assets Manager
Not Disclosed•Full-TimeOn-site
location_onNorth 5th Street, Aberdeen Township, Brown County, South Dakota, 57401, United States
About the Role
This position serves as a specialized consultant within the bank's credit operations, managing a diverse portfolio of business and agricultural loans that require heightened attention. The role exists to navigate complex financial challenges, making critical decisions on special asset credits or providing strategic recommendations to the EVP – Chief Credit Officer and the Central Credit Committee.
In this capacity, you will act as a trusted advisor to business and agricultural lenders, assisting them in managing credits facing difficulty. Your day-to-day involves a blend of strategic planning and hands-on execution, including the management, servicing, and liquidation of the Bank's Other Real Estate Owned (OREO) assets, as well as overseeing the repossession and liquidation of personal property. You will be an integral part of the Quarterly Asset Review meetings, where problem loans are discussed in detail, ensuring that loss minimization and collection efforts are maximized while adhering strictly to all loan policies and regulatory requirements.
Work location
Work model: On-site
North 5th Street, Aberdeen Township, Brown County, South Dakota, 57401, United States
Aberdeen Township, South Dakota
Key Responsibilities
- check_circleConsult with lenders on the repossession and liquidation of personal property
- check_circleMonitor weekly overdraft and past due reports
- check_circleManage a diverse portfolio of business and agricultural loans requiring special attention
Similar Job Opportunities
Skills, education and keywords
Skills: Banking, Finance, Accounting, Collection Management, Ag Lending, Commercial Lending, Commercial Real Estate Lending, Sba Lending, Fsa Lending, Credit Underwriting.
Education: Bachelor's degree in Banking, Finance or Accounting or equivalent experience.
Frequently asked questions about Special Assets Manager at Dacotah Bank
What does a Special Assets Manager at Dacotah Bank do?expand_more
In this Special Assets Manager at Dacotah Bank role, you will consult with lenders on the repossession and liquidation of personal property; monitor weekly overdraft and past due reports; manage a diverse portfolio of business and agricultural loans requiring special attention; and implement strategies to recover principal from charged-off non-performing loans.
What are the requirements for this Special Assets Manager role?expand_more
Dacotah Bank is looking for candidates who meet the following requirements: Bachelor's degree in Banking, Finance or Accounting or ten years or more of collection management or related banking experience; Strong knowledge of Ag, Commercial, Commercial Real Estate, and SBA & FSA lending processes and regulations; Strong knowledge of credit underwriting; and Solid understanding of collateral and loan documentation.
Where is the Special Assets Manager role at Dacotah Bank located?expand_more
Special Assets Manager at Dacotah Bank is based in North 5th Street, Aberdeen Township, Brown County, South Dakota, 57401, United States. This is a on-site role.