Is the Special Assets Manager position at Craft3 fully remote?

Yes, this Special Assets Manager position at Craft3 is a remote position. The role is available for candidates in United States.

Is this a full-time or part-time Special Assets Manager role?

This is a full-time Special Assets Manager position at Craft3.

What is the salary range for the Special Assets Manager position?

The salary range for this Special Assets Manager role is $135k - $155k.

How do I apply for the Special Assets Manager position at Craft3?

You can apply for this Special Assets Manager position by clicking the "Apply Now" button on this page, which will take you to Craft3's application portal.

Special Assets Manager at Craft3

United States

$135k - $155k

Apply Now

Remote Opportunity

Special Assets Manager

Join Craft3 as a senior professional working remotely from United States. Explore the role, benefits, and apply in one place.

Special Assets Manager

Craft3

Full Time

$135k - $155k

3 weeks ago

About the Job: Reporting to the Chief Credit Officer, the Special Assets Manager handles a portfolio of criticized, classified, delinquent, and other high risk commercial loans.

United States

Engineering

Senior

Portfolio Management

Credit Risk Management

Financial Statement Analysis

+5 more

Job Description

About the Job:

Reporting to the Chief Credit Officer, the Special Assets Manager handles a portfolio of criticized, classified, delinquent, and other high risk commercial loans. This role is responsible for identifying emerging credit risk, developing, and executing workout and recovery strategies, minimizing losses, maximizing recoveries, and supporting viable borrowers through financial challenges. The position works closely with Lending, Credit Risk Management, Loan Servicing, and Finance to protect asset quality while advancing Craft3's mission of expanding equitable access to capital throughout the Pacific Northwest.

Essential Duties and Responsibilities:
Craft3 reserves the right to change, add, or delete responsibilities and duties. Essential duties and responsibilities include some or all of the preceding; these are not, however, intended to be all-inclusive.

The essential duties and responsibilities for this position are:

Manage a portfolio of adversely rated loans, including Watch, Special Mention, Substandard, non-accrual, and other high-risk relationships.
Monitor borrower performance, financial reporting, covenant compliance, collateral values, and guarantor support; identify emerging credit risks and recommend appropriate risk rating and classification changes.
Analyze financial statements, tax returns, cash flow, collateral, guarantor strength, and repayment capacity.
Develop and execute workout, restructuring, rehabilitation, and recovery strategies for criticized, classified, and charged-off credits.
Negotiate loan modifications, forbearance agreements, payment plans, extensions, renewals, and other restructuring solutions.
Prepare credit memorandums, action plans, and recommendations supporting credit decisions and approval requests.
Lead collection and recovery efforts for delinquent and non-performing loans.
Coordinate foreclosure, bankruptcy, receivership, litigation, collateral liquidation, OREO management, and other enforcement activities with legal counsel and external professionals.
Monitor expected losses, recoveries, reserve requirements, and charge-off recommendations.
Maintain accurate documentation and reporting related to workout strategies, credit actions, and regulatory compliance.
Conduct borrower meetings, site visits, financial reviews, and collateral inspections.
Collaborate with Relationship Managers and external partners to address borrower stress, preserve viable businesses, and minimize credit losses.
Participate in Special Assets Committee and portfolio review meetings.
Maximize recoveries while minimizing losses, costs, and reputational risk.

Direct / Indirect Reports: This role may include direct supervisory responsibilities.

Knowledge and Experience:

5-7 years of experience in commercial lending, credit administration, special assets, loan workouts, portfolio management, or a related field.
Experience analyzing commercial financial statements, cash flow, tax returns, collateral, and repayment capacity.
Experience working with distressed borrowers and negotiating complex credit solutions.
Familiarity with bankruptcy, foreclosure, receivership, litigation, and collection practices.
Ability to independently manage multiple complex borrower relationships and competing priorities.
Experience serving racially, ethnically, and socioeconomically diverse communities preferred.
Bachelor's degree in finance, Business, Accounting, Economics, or a related field, or an equivalent combination of education and experience.

Preferred Skills and Abilities:
We encourage all candidates with diverse perspectives and backgrounds to apply regardless of whether you meet all the requirements of the job description. Some specific things we are looking for in this role are candidates who demonstrate:

Strong knowledge of commercial credit analysis, loan structuring, commercial real estate lending, loan documentation, and collateral management.
Excellent analytical, negotiation, problem-solving, and communication skills.
Ability to balance prudent risk management with relationship preservation and mission-driven lending objectives.

Travel:

Approximately 12 weeks of travel per year is expected within Oregon and Washington for customer and office visits, as well as travel to our company events.

Physical Demands
Frequently requires use of manual dexterity and repetitive motions, primarily with the wrists, hands, and/or fingers. Must be able to occasionally list and/or move up to 10 pounds.

Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Craft3 is an Equal Opportunity Employer

Craft3 is an Equal Opportunity Employer. We comply with all applicable laws prohibiting discrimination and make all hiring and employment decisions based on individual qualifications and merit. Veterans and individuals with disabilities are encouraged to apply. If accommodation is needed to participate in the job application or interview process, or to perform essential job functions, please contact our Talent Acquisition Team at recruitment@craft3.org, 888-231-2170.

Employment offers may require final candidates to successfully complete and pass a background check prior to employment, consistent with business necessity and applicable federal, state and local law. We're actively working to create a workplace where everyone can thrive. We believe different perspectives make us stronger and help us better serve the Pacific Northwest.

Skills

Portfolio Management

Credit Risk Management

Financial Statement Analysis

Negotiation

Collateral management

Commercial credit analysis

Loan workout

Loan restructuring

Ready to Apply?

Join Craft3 today

Salary Range

$135k - $155k

Posted 3 weeks ago

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