Vaco Technology
Special Assets Officer Onsite in Santa Rosa, CA Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to the individual's skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure:
$90K - $110K .
The individual may also be eligible for discretionary bonuses.
About the role:
Under minimal supervision, monitors workout and OREO portfolio and evaluates loan terms and conditions.
Acts as lead within a designated portfolio in negotiation of complex workout agreements with problem borrowers with both commercial and government guaranteed loan portfolio.
Works closely with legal counsel to expeditiously resolve litigation while minimizing legal and collection expenses.
Manages OREO properties from acquisition to disposition.
Analyzes and facilitates proper adherence to requirements on conventional/government guaranteed loan liquidation processing on a complex loan portfolio.
Ensures compliance within all Bank policies and procedures, as well as all applicable state and federal banking regulations.
Responsibilities:
Manages all aspects of loans within an assigned portfolio in the following processes:
past due payments, foreclosure, litigation, property taxes, liquidation of assets and Real Estate Owned properties for commercial and government guaranteed loan portfolioMonitors and analyzes bankruptcies to ensure proper strategies are in place to preserve Bank's position and obtain maximum recoveryManages a complex portfolio of commercial and government guaranteed loans to ensure full compliance with all servicing requirements, including the creation and follow up on Offers in Compromise, Litigation Plans, Liquidation Plans and Purchase Guarantee's to ensure maximum recovery to the BankNegotiates with distressed borrowers to determine best workout options to preserve the Bank's guarantee and its opportunity to keep the loan in a performing statusReviews all loans within an assigned portfolio for upgrades, downgrades, potential charge off and impaired statusMonitors and follows up on loans previously charged off to maximize loan recoveriesPrepares watch list, special mention, and classified asset reports for assigned portfolioOther duties as assignedSupervisory
Responsibilities:
This job has no supervisory responsibilities at this time, however, all employees are expected to provide mentoring and training support, as necessary.
Minimum
Qualifications:
Bachelor's degree in business or related field preferred OR minimum 7 years Commercial Banking experienceExtensive familiarity with real estate terms, concepts, and marketsProficient in the following software applications:
MS Work, Excel, Outlook, AdobeExcellent written and verbal communication skillsAbout the Company:
Vaco Technology.
Estimated Salary: $20 to $28 per hour based on qualifications.
With that said, as required by local law, Vaco believes that the following salary range reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure:
$90K - $110K .
The individual may also be eligible for discretionary bonuses.
About the role:
Under minimal supervision, monitors workout and OREO portfolio and evaluates loan terms and conditions.
Acts as lead within a designated portfolio in negotiation of complex workout agreements with problem borrowers with both commercial and government guaranteed loan portfolio.
Works closely with legal counsel to expeditiously resolve litigation while minimizing legal and collection expenses.
Manages OREO properties from acquisition to disposition.
Analyzes and facilitates proper adherence to requirements on conventional/government guaranteed loan liquidation processing on a complex loan portfolio.
Ensures compliance within all Bank policies and procedures, as well as all applicable state and federal banking regulations.
Responsibilities:
Manages all aspects of loans within an assigned portfolio in the following processes:
past due payments, foreclosure, litigation, property taxes, liquidation of assets and Real Estate Owned properties for commercial and government guaranteed loan portfolioMonitors and analyzes bankruptcies to ensure proper strategies are in place to preserve Bank's position and obtain maximum recoveryManages a complex portfolio of commercial and government guaranteed loans to ensure full compliance with all servicing requirements, including the creation and follow up on Offers in Compromise, Litigation Plans, Liquidation Plans and Purchase Guarantee's to ensure maximum recovery to the BankNegotiates with distressed borrowers to determine best workout options to preserve the Bank's guarantee and its opportunity to keep the loan in a performing statusReviews all loans within an assigned portfolio for upgrades, downgrades, potential charge off and impaired statusMonitors and follows up on loans previously charged off to maximize loan recoveriesPrepares watch list, special mention, and classified asset reports for assigned portfolioOther duties as assignedSupervisory
Responsibilities:
This job has no supervisory responsibilities at this time, however, all employees are expected to provide mentoring and training support, as necessary.
Minimum
Qualifications:
Bachelor's degree in business or related field preferred OR minimum 7 years Commercial Banking experienceExtensive familiarity with real estate terms, concepts, and marketsProficient in the following software applications:
MS Work, Excel, Outlook, AdobeExcellent written and verbal communication skillsAbout the Company:
Vaco Technology.
Estimated Salary: $20 to $28 per hour based on qualifications.
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