VP, Commercial Loans Special Assets Officer

 ^{Be Proud. Be You. Be Independent!}  

Are you an experienced Commercial Banker with Commercial Credit training looking to advance in your career? If so, we need you!

At Independent Bank we promote a culture that encourages professional growth and embraces the collective sum of your individual differences, life experiences, knowledge, innovation, self-expression, unique capabilities and talent. We value diversity of thought, ideas, and background. Our inclusive and collaborative culture helps us find the best solutions to meet the needs of our clients and company. 

About the Job:

Step into a high‑impact, Commercial Loans Special Assets Officer role focused on protecting the bank’s portfolio!

In this position, you’ll take the lead on restructuring adversely‑graded (“Special Assets”) loans, partnering with lending and borrowing institutions to better secure collateral, equity, and other borrower assets—maximizing principal and interest collection and preventing charge‑offs. You will service charged‑off commercial loans and foreclosed assets, analyze financial information (cash flow, tax‑to‑cash, debt service coverage, collateral coverage), and spread financial statements for borrowers, co‑borrowers, and guarantors. You’ll actively manage clients with troubled loans. The primary focus: preventing losses rather than generating new business.

Your emphasis will be to turn around a segment of the company's credits heading for non-performing status and to restructure loans to secure full pay off.

Help protect our future and champion our mission: Inspiring financial independence today, with tomorrow in mind!

Why You Should Apply:

• Comprehensive total rewards package.


• A knowledgeable, goal-driven, and exciting team of colleagues.


• Exposure to different areas of banking and the ability to work with leaders within the industry.


• Community-focused events and volunteer opportunities.

What You Will Do: 

• Acts as primary servicing officer for assigned portfolio. Review and assess all credit and collateral files of workout loans which includes overseeing the critical monitoring of credit risk and devises strategy and execution toward mitigation and resolution before deterioration accelerates.


• Develops workout strategies; considers borrower’s repayment ability, collateral condition and value, and guarantor support.


• Leverages and collaborates with business partners in Commercial Banking, Loan Operations, Legal, and Credit to support credit risk mitigation.


• Evaluates and proposes credit risk ratings within assigned loan portfolio; develops action plans, recommends risk rating upgrades or downgrades as appropriate.


• Responsible for the day-to-day monitoring of accounts, tracks delinquency on each account, taking the necessary steps to ensure the bank receives payment, daily control of overdrafts on deposit accounts related to portfolio


• Develops and implements strategies to recover principal from borrowers whose non-performing loans have been charged off.


• Compile necessary data including borrower’s financial information, collateral values, etc. in order to present loan proposals to management for approval.


• Work with attorneys on accounts requiring legal action. Responsible for obtaining updated information regarding legal actions, sheriff’s service, bankruptcy proceedings, judgments, etc. Seasoned in legal statutes pertaining to loan work out plan of action.


• Make arrangements for payments of discharged debts. Negotiates reaffirmations, offers of settlement and works with bank counsel, defendants counsel or both in order to effectuate closing terms and reviews all agreements presented prior to execution. Refers negotiated terms to supervisor for final approval.


• Analyze bankruptcy pleadings, make recommendations concerning actions such as repossessions, foreclosures, lifts of stay, reaffirmations, settlement offers and repayment plans consistent with bankruptcy laws.


• Maintains close control and accounting of expenditures as a vital component of departmental goal to limit losses and maximize loan recoveries. Audit and recommend approval of all invoices generated by vendors to ensure accuracy.


• Utilizes appropriate resources as needed. Adheres to audit controls, standards, and established guidelines. Clearly communicates with clients and responds to requests as necessary.  Adheres to all CRA and Fair Lending practices. 


• Supervises/manages work in process on assignments and preparation of financial analysis, Provides direction and feedback to Commercial Credit Analysts.


• Maintains professional communicative skills in dealing with loan customers, various outside professionals, and bank personnel of all levels


• Participation in court proceedings, facilitation and settlement conferences.


• Prepare and participate in quarterly problem loan presentation with Senior Executive Management.


• Performs other related duties as assigned.

Knowledge, Skills, and Abilities:

• Bachelor’s degree in Accounting, Finance, or Business preferred.


• 5+ years of commercial lending or workout experience preferred; preferably 3+ years of previous collection experience in commercial loans.


• Successfully completed formal commercial credit training curriculum required (via academics and/or equivalent work experience).


• Excellent interpersonal, presentation and communication skills.


• Ability to operate with a high degree of autonomy, and with management confidence in ability to make difficult credit decisions.


• Must interact well with executive management, peers, subordinates, and those within and outside of the organization to accomplish results.


• Must demonstrate computer proficiency and familiarity with financial databases and spreadsheet applications, preferably Microsoft Office.


• Requires well-honed time management skills.

                                                   Be Proud. Be YOU. Be Independent!