Special Assets Officer - To 155K - Schaumburg, IL - Job 3764-6264

<h3>Special Assets Officer – To $155K – Schaumburg, IL – Job # 3764-6264</h3><h3>Who We Are</h3><h3>The Symicor Group is a boutique talent acquisition firm based in Schaumburg, IL &amp; 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!</h3><h3>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.</h3><h3>The Position</h3><h3>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.</h3><h3>This position comes with a generous salary of up to $155K and full benefits package. (This is not a remote position).</h3><h3>Special Assets Officer responsibilities include:</h3><ul>
<li><h3>Develop and implement a workout plan to rehabilitate loans or facilitate orderly exits.</h3></li>
<li><h3>Prepare Credit Reviews to assess asset quality, including performance against original underwriting expectations.</h3></li>
<li><h3>Work with legal counsel on bankruptcies, foreclosure actions, and debt restructurings.</h3></li>
<li><h3>Experience writing policies and procedures for collateral monitoring, workouts, and periodic loan reviews.</h3></li>
<li><h3>Report on the assigned portfolio, including asset quality, stress testing, industry and market analysis, asset allocation, reserves, and non-performing loan analysis.</h3></li>
<li><h3>Draft memos for any substantial changes in a borrower’s financial stability or ownership structure.</h3></li>
</ul><h3>Who Are You?</h3><h3>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.</h3><h3>You also bring the following skills and experience:</h3><ul>
<li><h3>7+ years in commercial banking, credit analysis, or special assets/loan workout.</h3></li>
<li><h3>Deep experience with financial analysis.</h3></li>
<li><h3>College degree preferred.</h3></li>
<li><h3>Working knowledge of commercial lending, e.g. commercial real estate, construction and C&amp;I products.</h3></li>
</ul><h3>The next step is yours. Email us your current resume along with the position you are considering to:</h3><h3>resumes@symicorgroup.com</h3>