Special Assets Officer - To 155K - Schaumburg, IL - Job 3764-6264
The Symicor GroupSchaumburg, IL
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Overview
Schedule
Full-time
Career level
Senior-level
Remote
On-site
Benefits
Health Insurance
Job Description
Special Assets Officer – To $155K – Schaumburg, IL – Job # 3764-6264
Who We Are
The Symicor Group is a boutique talent acquisition firm based in Schaumburg, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!
We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.
The Position
Our client is seeking to fill a Special Assets Officer role in the Schaumburg, IL area. The position is responsible for overseeing portfolios that are distressed, delinquent, or high-risk commercial loans, developing strategies to maximize recovery and minimize losses.
This position comes with a generous salary of up to $155K and full benefits package. (This is not a remote position).
Special Assets Officer responsibilities include:
Develop and implement a workout plan to rehabilitate loans or facilitate orderly exits.
Prepare Credit Reviews to assess asset quality, including performance against original underwriting expectations.
Work with legal counsel on bankruptcies, foreclosure actions, and debt restructurings.
Experience writing policies and procedures for collateral monitoring, workouts, and periodic loan reviews.
Report on the assigned portfolio, including asset quality, stress testing, industry and market analysis, asset allocation, reserves, and non-performing loan analysis.
Draft memos for any substantial changes in a borrower’s financial stability or ownership structure.
Who Are You?
You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.
You also bring the following skills and experience:
7+ years in commercial banking, credit analysis, or special assets/loan workout.
Deep experience with financial analysis.
College degree preferred.
Working knowledge of commercial lending, e.g. commercial real estate, construction and C&I products.
The next step is yours. Email us your current resume along with the position you are considering to:
resumes@symicorgroup.com
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FAQs About Special Assets Officer - To 155K - Schaumburg, IL - Job 3764-6264 Jobs at The Symicor Group
What is the work location for this position at The Symicor Group?
This job at The Symicor Group is located in Schaumburg, IL, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at The Symicor Group?
Employer has not shared pay details for this role.
What employment applies to this position at The Symicor Group?
The Symicor Group lists this role as a Full-time position.
What experience level is required for this role at The Symicor Group?
The Symicor Group is looking for a candidate with "Senior-level" experience level.
What benefits are offered by The Symicor Group for this role?
The Symicor Group offers Health Insurance for this position. Actual benefits may vary depending on the employer's policies and employment terms.
What is the process to apply for this position at The Symicor Group?
You can apply for this role at The Symicor Group either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.