Asset Resolution Specialist

A GREAT PLACE TO WORK AND BANK

Join our team! 1st Security Bank team members deliver service that "WOWs" each other and our customers. We value relationships, teamwork, community, and professional growth in a safe, friendly, and progressive workplace. We celebrate diversity and support equality for all. If you share these core values and are committed to career excellence, let us help you reach your dreams!

If you are the type of individual that would enjoy working at one of the Puget Sound's Best Places to Work for 9 years in a row and focuses on providing an exceptional client experience, then 1st Security Bank is the place for you. 1st Security Bank was named a bronze medal winner in its class in the Puget Sound Business Journal's Best Workplaces contest in its first year nominated and is also consistently rated a 5 star Bank in Washington State by Bauer Financial, an independent bank rating firm.

POSITION SUMMARY:

Responsible for risk management, portfolio monitoring and reporting across lending channels, with a primary focus on C&I and Community Business Banking loans. Duties include overseeing problem loans and related activity such as collections, workouts, and liquidation efforts. This role will ensure that the portfolio is monitored and evaluated in accordance with regulatory guidance and internal procedures and policies. We are looking for a highly proactive and diligent individual who shares our vision to “WOW” internal and external customers with exceptional customer service.    

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:

• Responsible for managing and monitoring problem loans in the commercial loan portfolio to enhance the Bank’s position and avoid charge-offs.   
• Works with loan officers on resolution for past due payments, delinquent property taxes, lapsed insurance and Secretary of State standings, etc.
• Interacts will borrowers utilizing internal and external resources including bank counsel to identify issues and work towards appropriate resolutions.
• Ensure that loans are up to date with covenant checks, financials, site visits, and loan reviews.
• Prepares risk rating change requests, default notices, negotiates cures for defaults, and tracks for necessary follow-up efforts.
• Coordinates and manages loan liquidation efforts.
• Responsible for monthly and quarterly problem loan reporting and status updates.
• Assists the Credit Administration team in managing complex problem loans.
• Other duties as assigned.

BENEFITS AND PERKS

• Full medical, dental, and vision coverage for individual or family plan.

• Life insurance.

• Long-term disability insurance.

• 401K matching program.

• Paid sick and vacation time.

OUR CORE VALUES

• Relationship Driven - we strive to "WOW" (surprise, excite and delight) each other and our customers.

• Ethical - fair, honest and act with integrity.

• Lead by Example - maintain a positive attitude, show respect for others, and have some fun!

• Accountable - we take our responsibilities seriously and we meet our commitments with urgency.

• Team Player - dependable, enthusiastic contributor to team success and to the greater good of the bank.

• Embrace Dreams - we encourage each other to reach for our dreams.

• Diversity - we celebrate diversity and support equality for all.

• Community Oriented - we actively support our communities and the Bank's CRA initiatives.

• Open and Honest Communication - always professional, responsive, and timely.

EDUCATION and/or EXPERIENCE

• A bachelor’s degree in business, finance, or accounting and/or equivalent or education and experience highly preferred.

• Minimum two years of experience in credit underwriting, loan structuring, credit policy analysis, special assets/workouts, and portfolio management.

• Well-developed analytical skills and attention to detail and accuracy.

• Ability to work with minimal supervision while performing duties.

• Knowledge of applicable bank policies, procedures, and support systems.

• Exposure to SBA products and procedures is a plus.

COMPUTER SKILLS

To perform this job successfully, an individual should be skilled in Microsoft Office Products, with the ability to learn banking software.

PHYSICAL DEMANDS AND WORK ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• The employee will primarily operate in a general office environment, using office equipment such as a phone and a computer.  Occasional travel will be required. 

• The noise level in the work environment is usually quiet to moderate as compared to a private office with light foot traffic and office equipment.  The employee must be able and willing to interact frequently with the general public.