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About the Role

This role involves conducting in-depth analysis of high-risk borrowers, preparing courses of action for loans, and managing loan restructuring and resolution from inception to finalization. The position also requires interfacing with legal and financial professionals, handling foreclosures, and monitoring loan performance.

Responsibilities

• Conduct in-depth analysis of high-risk borrowers and prepare a course of action for each loan.
• Restructure, renew and carry out courses of action from inception to final resolution.
• Interface with contracted professionals such as attorneys, appraisers, and collateral inspectors.
• Handle bankruptcies, attend court hearings, and mediations in conjunction with attorneys.
• Foreclose and liquidate collateral as necessary.
• Handle calling on SBA guarantees.
• Monitor the bank's past dues and overdrafts and follow up with lenders on concerns.
• Ensure proper loan grading and accrual status of problem loans.
• Evaluate collateral values and advise on specific reserves needed.
• Prepare internal and external special asset reports.
• Serve as a voting member of the Special Assets Committee.
• Treat people with respect, keep commitments, inspire trust, work ethically and with integrity, uphold organizational values, and accept responsibility for own actions.
• Follow policies and procedures, complete administrative tasks correctly and on time, support the Bank’s goals and values, and benefit the bank through outside activities.
• Perform all other duties as assigned.

Requirements

• Bachelor's degree from an accredited 4-year college or university is preferred.
• More than 7 years of related experience and/or training at a financial institution in the special assets/problem loan workout department.
• Work related experience should consist of a financial institution special assets/problem loan workout department background.
• Educational experience, through formal school or financial industry related curriculum, should be business or financial industry related.
• Intermediate knowledge of rules and regulations related to consumer collections, foreclosure proceedings, and other real estate owned.
• Intermediate knowledge of SBA 7(a) and 504 loans, and the process for collections and calling on SBA guarantees.
• Basic skills in computer terminal and personal computer operation, including Word and Excel.
• Effective verbal, written and interpersonal communication skills.
• Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations.
• Effective organizational and time management skills.
• Current driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.
• Basic knowledge of related state and federal banking compliance regulations, and other Bank operational policies.

Skills

• Word
• Excel
• Verbal communication
• Written communication
• Interpersonal communication
• Organizational skills
• Time management skills

Location

• Some travel between Third Coast Bank offices may be required.

Work Type

• Full-time
• Exempt

Experience Level

• More than 7 years of related experience

Education Level

• Bachelor's degree preferred
• Business or financial industry related education

About the Company

• Third Coast Bank is an equal opportunity employer.

Equal Opportunity

• Third Coast Bank is an equal opportunity employer and does not discriminate against applicants or employees based on race, color, gender, age, religion, national origin, genetic information, or disability.