SBA Special Assets Officer chez BancFirst

Small Business Administration (SBA)

Special Assets Officer

Moore, OK   

Onsite Position

600 NW 5^th, Moore 73160

Full Time

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following.   Other duties may be assigned.   Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Perform wide range of responsibilities for troubled loans and loans in various work out stages, liquidation and repurchase (post default).

Prepare criticized asset reports, month end reports, charge off reports and SBA quarterly reports for loans in repurchased status.

Review financials and work with lending officers in our various markets to make recommendations as possible restructure, deferral, liquidation, etc.

Engage with borrowers directly related to past dues, shuttering, workouts.

Work with borrowers if applicable in liquidation and sale of collateral or release/substitution of collateral.

Order appraisals, environmental investigations, site visits, auctions, title commitments and other items as needed for loans in liquidation.

Preparation of liquidation packages such as Universal Purchase Package (UPP) and Charge-off Package (Wrap-up).

Work with legal team to property file litigation/liquidation notices as needed.

Monitoring legal fees not to exceed $10,000.  If exceeding $10,000 obtain SBA approval.

Flag bankruptcy filings in the system of record.

Prepare and manage bankruptcy filings by working with legal counsel as needed.

Assist with the preparation of Offer in Compromise and recommendation to SBA.

Tracks loans in repurchased status for confirmation of charge-off.

Make referral to Treasury when necessary.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job.  Duties, responsibilities and activities may change at any time with or without notice.

REQUIREMENTS

Knowledge of loan documentation and loan policy and procedure, along with the SBA SOP

Ensure compliance with regulations and bank policies and procedures

Knowledge of loan underwriting principles

Excellent customer service skills

Proficient in MS Office Word, Excel and other related applications

Able to perform in a highly sensitive environment, deal with confidential matters and meet deadlines

Demonstrate above average problem solving and interpersonal skills

Work well individually and with a team while maintaining a positive attitude

Able to communicate professionally both verbally and in writing

Detailed oriented

Critical thinking skills

Excellent work ethic

Must be flexible and able to work additional hours when crucial to the department.

Must demonstrate a business professional image and demeanor

Attendance and punctuality is an essential function of the job

PREFERRED SKILLS AND QUALIFICATIONS

1 – 2 years commercial and residential lending experience

PHYSICAL REQUIREMENTS

Constant use of computer screens and reading of reports

Ability to operate a computer keyboard, multi-line telephone, photocopier, scanner and facsimile

Regularly required to sit, use hand to finger, handle or feel, reach with hands and arms, and talk, see or hear  

Intermittently standing, stooping, bending at the waist, walking, kneeling or crouching to file materials

Ability to lift and/or move and carry up to 10 pounds 

Hometown service, statewide strength. BancFirst is committed to investing in the future of Oklahoma communities. BancFirst is a $14 billion bank offering personal and commercial products, trust, insurance, and investment services in sixty Oklahoma communities. Employees enjoy excellent benefits and a learning environment that allows them to continuously improve their skills to deliver highly personalized service to customers.
 EOE - BancFirst is an Equal Opportunity employer.

Diversity…Our differences enhance business performance.