Note: The job is a remote job and is open to candidates in USA. Pathward is a financial empowerment company dedicated to creating financial inclusion for all. The Special Assets Account Executive Sr role involves managing a portfolio of classified loans, supporting the Special Assets Group, and ensuring compliance with corporate standards while minimizing client losses.
Responsibilities
- Works closely with SAG Leader and others to manage portfolio, including manage direct portfolio of Classified loans
- Takes timely action so client losses are minimized and do not exceed budgeted standards
- Assists with the restructuring and liquidation of distressed loans
- Ensures timely and accurate reporting of asset quality, impairment, and charge-offs
- Maintains strong relationships with business units to ensure smooth asset transitions
- Monitors collateral values and ensure compliance with loan covenants and regulatory requirements
- Assists with implementation of workout action plans, including restructurings, forbearance agreements, legal actions, evaluating bank collateral and documentation, and recommending alternative solutions as well as judgment/foreclosure litigation, asset liquidation and bankruptcy
- Ensures all advances and loans comply with loan policy and approved structure with required legal documentation
- Manages portfolio through complete and current knowledge of client’s financial condition, management’s performance and industry trends, and take timely action so client losses are minimized and do not exceed budgeted standards
- Other duties as assigned
Skills
- Bachelor's degree or equivalent education and work experience
- 5+ years of experience in commercial banking, credit risk, with emphasis in special assets management
- Collection, loan restructuring, and workout experience required
- Thorough knowledge of banking regulations and compliance
- Project Management Workout Experience
- Alternative Energy Workout Experience, including Solar, Battery, and RNG
- SBA and USDA Workout Experience
- Customer service
- Communication skills (verbal & written)
- Collaboration
- Financial Acumen
Benefits
- Annual performance-based incentive opportunity
- Comprehensive benefits package for eligible employees, including health insurance, 401(k) retirement benefits, life insurance, disability benefits, paid time off
Company Overview