Special Assets Officer
Not Disclosed•Full-TimeOn-site
location_on3410, Country Club Drive, Lexington, Fayette County, Kentucky, 40509, United States
About Whitaker Bank
Whitaker Bank is dedicated to serving its community with integrity and excellence. We foster a culture where respect, ethical conduct, and diversity are foundational to our success. We are committed to building a diverse workforce and maintaining a working environment free of harassment, ensuring that every team member feels valued and supported.
About the Role
The Special Assets Officer plays a critical role in protecting the Bank's financial health by managing loan workout and collection activities across all business lending lines. This position exists to drive loss mitigation through active credit collection, strategic workout planning, and effective resolution of distressed assets. Beyond individual case management, the role serves as a vital support system for the broader team, ensuring compliance with all Bank policies and applicable state and federal banking regulations.
In this capacity, you will act as the primary liaison for in-house and outside counsel, leveraging your knowledge of legal documents and loan covenants to navigate complex workout scenarios. You will also assist in the management of the Bank's Other Real Estate Owned (OREO) properties, ensuring these assets are handled with care and efficiency. The role demands a balance of analytical rigor and interpersonal skill, requiring you to evaluate financial data, project probable exposure to loss, and communicate effectively with delinquent customers to establish updated payment plans.
Hiring Process
Note: Specific interview steps and application instructions are not detailed in the source text.
Equal Opportunity & Culture
Whitaker Bank is an equal opportunity employer. We actively promote a diverse workforce and support affirmative action initiatives. Employees are expected to demonstrate knowledge of and adherence to EEO policies, showing respect and sensitivity for cultural differences. We believe in treating people with respect, keeping commitments, and inspiring trust through ethical actions and integrity.
Safety & Accommodations
We are committed to the safety and well-being of our employees. The work environment is designed to be safe, with expectations that all employees will comply with occupational safety and health standards, including the OSHA Act of 1970. Employees are encouraged to report any potentially unsafe conditions immediately. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this job.
Work location
Work model: On-site
Similar Job Opportunities
Skills, education and keywords
Skills: Commercial Lending, Commercial Workout, Credit Collection, Loan Workout, Loss Mitigation, Asset Management, Risk Management, Financial Information Evaluation, Collateral Management, Legal Documents.
Education: Associate's degree (AA) or equivalent from a 4-Year college or technical school.
Frequently asked questions about Special Assets Officer at Whitaker Bank, Inc.
What does a Special Assets Officer at Whitaker Bank, Inc. do?expand_more
In this Special Assets Officer at Whitaker Bank, Inc. role, you will prepare and issue correspondence to customers and contractors; evaluate financial data and collateral to project loss exposure; coordinate with in-house and outside counsel on case management; and generate and provide reporting on the special assets portfolio.
What are the requirements for this Special Assets Officer role?expand_more
To qualify for the Special Assets Officer at Whitaker Bank, Inc. position, applicants should have: Minimum 3 years commercial lending or commercial workout experience; Associate's degree (AA) or equivalent from a 4-Year college or technical school; or 5 year of related experience and/or training; Knowledge of related state and federal banking compliance regulations; Intermediate skills in computer terminal, personal computer, mainframe, word processing, spreadsheet and graphical software; and Current driver's license and vehicle with appropriate insurance coverage.