Senior Vice President, Special Assets

The Company is seeking an SVP, Head of Special Assets to join their team. The successful candidate will be responsible for developing and implementing collection and loss-mitigation strategies to maximize recovery and minimize loss. This includes overseeing all activities related to forbearance agreements, bankruptcy, and property dispositions. The role also involves providing senior management with regular reports on various financial metrics, recommending charge-offs, and assisting with the credit approval process. The ideal candidate will have a Bachelor's degree, at least 15 years' experience in special assets, and a strong background in commercial and industrial as well as commercial real estate. Applicants for the SVP, Head of Special Assets position at the company should have a proven track record in identifying and managing problem assets, as well as extensive experience in commercial and industrial and commercial real estate. The role requires the ability to work with legal counsel, senior management, and other lenders to develop and execute strategies for loan workouts. The candidate should be adept at providing technical guidance and training to department members and be proactive in managing the resolution of non-consumer properties. Quality credit management oversight, the ability to work with borrowers to secure collateral, and a strong understanding of the credit approval process are essential. The company is an equal opportunity employer and is committed to a diverse and inclusive workforce.