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SBA Special Assets Officer

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Posted : Saturday, November 11, 2023 05:46 AM

About Us: Umpqua Bank is headquartered in the Pacific Northwest with 5,000+ employees and offers banking services to customers throughout the nation.
It’s an especially exciting time to join our team as, following the recent merger with Columbia Bank, we have grown to become a leading western-based regional bank with more than $50B in assets under management and an unwavering commitment to our associates, our customers, and our communities.
We create a great place to work by offering a special brand of relationship banking and by providing a culture where associates thrive.
Associates who embody our core values fit in well here and we are eager to meet candidates who demonstrate behaviors that align with Trust, Ownership, Growth, Empathy, Teamwork, Heart, Enjoyment, and Relationships.
About the Role: Manage a portfolio of problem commercial borrowing relationships to maximize recovery to the bank through effective implementation of workout and liquidation strategies to mitigate loss.
Manages and implements asset disposition plans through effective marketing of loan collateral.
Assignments at this job-level are generally the smallest and simplest of transactions in the unit.
Implement or assist in the development of timely workout action plans and effective follow up plans.
Evaluate and document bank collateral position, complete business survivability assessments, and recommend alternative work out solutions as needed.
Responsible for managing the collection activities on assigned accounts including broken payment follow up with borrowers, fee waiver and presenting recommendation for resolutions to more senior workout officers.
Direct legal actions, bankruptcy, foreclosure, and judgment processes, and repossession or replevin actions for the team's portfolio.
Conduct and manage negotiations and meetings with attorneys and borrowers.
Responsible for asset disposition relative to more complex transactions including: A&D, bulk lots, land development properties, and note sales.
May require strategic planning, marketing, and management of bulk land and/or lots in various stages of entitlement.
Prepare complex analyses related to discounted cash flow and stabilization projections and sell recommendations for approval by senior or executive management.
Analyze problem loans and make recommendations or approve actions to foreclose, repossess, or liquidate collateral when applicable.
Negotiates settlements as required.
Facilitate meetings with borrowers, guarantors, business bankers, and attorneys to negotiate workout plans that will return loans to performing/pass status.
Handles collections and charge-off accounts, assists lending officers on non-special asset accounts and prepares management reports as required.
Demonstrate compliance with all bank regulations that apply to your position and keep up to date on regulation changes.
Maintain working knowledge of our policies and procedures regarding the Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations that apply to your position.
About You: Bachelor's Degree in Business/Finance, related field and/or equivalent experience.
Required.
Less than 2 years of prior banking or credit experience required.
Ability to train and present to small and large audiences or has the interest in learning to train and present.
Possess excellent interpersonal, written, verbal, organizational, negotiation, analytical, and decision-making skills.
Ability to work at a high level of productivity and accuracy.
Ability to work in a team oriented, goal driven environment.
Proficient in Word and Excel.
Ability to learn in-house software quickly.
Work Style: Umpqua Bank offers a Flexible Workplace Program and this opportunity comes with the Flex Office work style which is working in office from a designated company location three days weekly with flexibility to work remotely up to two days weekly.
Our Benefits: We offer a competitive total rewards package including base wages and comprehensive benefits.
The pay range for this role is $63,000.
00-$94,000.
00, and the pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location.
The role may be eligible for performance-based incentive compensation and those details will be provided during the recruitment process.
We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays.
Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.
Our Commitment to Diversity: Umpqua Bank is an equal opportunity and affirmative action employer committed to employing, engaging, and developing a diverse workforce.
All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, sexual orientation, gender identity, gender expression, protected veteran status, disability, or any other applicable protected status or characteristics.
If you require an accommodation to complete the application or interview(s), please let us know by email: careers@umpquabank.
com To Staffing and Recruiting Agencies: Our posted job opportunities are only intended for individuals seeking employment at Umpqua Bank.
Umpqua Bank does not accept unsolicited resumes or applications from agencies and Umpqua Bank will not be responsible for any fees related to unsolicited resume submissions.
Staffing and recruiting agencies are not authorized to submit profiles, applications, or resumes to this site or to any Umpqua Bank employee and any such submissions will be considered unsolicited unless requested directly by a member of the Talent Acquisition team.

• Phone : NA

• Location : Seattle, WA

• Post ID: 9079481559


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