Special Asset Officer (Commercial & Industrial): United Commercial Bank

Job Description

Assist the Special Assets Group Manager and/or the Chief Credit Officer in managing the Bank’s problem credits both as Primary and Advisory Officer, through timely advisement to the business units on or direct development and execution of the most appropriate action plans for rehabilitation of certain workable credits, or maximizing the recovery by liquidation of assets or collateral, collection under guarantees, litigation, and post charge-off recovery efforts.

• Manage assigned problem credits as the Primary Officer.
• Contact customers on a regular basis, including site visits as necessary.
• Develop, recommend and execute account workout or liquidation plans.
• Conduct/prepare periodic account reviews and proposals, which include the analysis of the operating and financial risks involved with the credits.
• Work directly with legal counsel (internal and/or external) and monitor legal progress/developments.
• Lead liquidation process including asset swap, acquisition, management and sale of problem credits or OREO.
• Work with other external agencies (e.g. auditors, accountants, realtors, appraisers and trustees); debtors and other creditors, as necessarily involved parties to the resolution of problem accounts.
• Analyze loan impairment and recommend specific provisions and/or charge-off for loans assigned.
• Review delinquency reports (Past Due Liability Report), non-accrual status, and other management reports (Non-Accrual Review Report) to assist line management to detect the warning signs.
• Advise the business units on account strategies and action plans on problem accounts managed by the units.
• Prepare various special assets management related reports as assigned by the SAG Manager or CCO.
• Assist in providing cross-training on various special assets related topics to credit staff, as necessary.
• Maintain and update the Problem Credit Management Policy and Procedures.
• Handle/complete other projects assigned by the SAG Manager or CCO as requested.

Skills/Requirements

Minimum 5 years of banking experience in commercial & Industrial lending and experience in problem loan handling and/or credit risk management. Sound understanding and practical experience in lending and workout in commercial real estate, construction, trade finance, commercial and industrial loans and or international and private banking. In depth knowledge in accounting/finance, auditing, U.S. Bankruptcy laws and liquidation procedures, loan documentation and processing; B.S. in business management, finance or accounting is required, MBA or other related post graduate degree/certification preferred. Good negotiation and interpersonal skills, verbal and written communication in English are required. Chinese languages are useful. Clear and creative thinking and development of appropriate options.

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