Job Location : Houston,TX, USA
The Special Assets Officer will work with the Special Assets Manager to assess risk in a distressed loan relationship. This person will be expected to determine critical issues on a case by case basis, create a plan to address said issues, and monitor the plan to mitigate any loss exposure. This person will assist in assigning relationships to the Special Assets staff. This will also include assigning property inspections and other forms of collateral, monitoring performance of negotiated settlements, initiating litigation when necessary, and oversight of the marketing of bank owned assets.
ESSENTIAL DUTIES AND RESPONSIBILITIES
SECONDARY DUTIES
When necessary, act as a witness and in support of the Special Assets Manager in negotiation and implementation of forbearance and settlement agreements.
On rare occasions, be available after hours and on weekends to support the efforts of the Special Assets Manager.
SUPERVISORY RESPONSIBILITY
This position will have oversight responsibility within the Special Assets Department.
ENVIRONMENT AND PHYSICAL ACTIVITY
The incumbent is in a non-confined office setting in which they are free to move about at will. In the course of performing the duties and responsibilities of this position spends time writing, speaking, listening, lifting (up to 25 pounds), sitting, typing on a computer keyboard, and standing, kneeling and reaching.
The incumbent for this position may operate any or all of the following: telephone, copy and fax machine, adding machine, computer and related printers.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential function of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The incumbent in this position must be able to read documents or instruments, detailed work, problem solving, customer contact, reasoning, math, verbal and written communication, analytical reasoning, multiple tasks with constant interruptions.
MINIMUM REQUIREMENTS
These specifications are guidelines based on the minimum experience required to perform the essential functions of the job. Individual abilities may result in some deviation from these guidelines:
Stellar Benefits:
We believe that empowering people goes far beyond the workplace. That's why we've designed our benefits to help foster your health and prosperity, so you can best support yourself, your loved ones and your communities
What it Means to Be Stellar:
Stellar Bank came to be in 2023, when Allegiance Bank and CommunityBank of Texas joined forces. What emerged was a financial institution like no other. Stellar bankers set the standard for responsive, relationship-based community banking. We have the resources, dedication and personal focus to out-bank the big banks and out-service the small banks. Our customers see us as a vital part of the team. We are their financial experts who go above and beyond to help them form a plan and get it done
Join Stellar Bank and, yes, you'll be providing outstanding banking. But you'll be achieving something much greater. At Stellar, we empower people to thrive. This is our purpose. This would be your purpose. Here you'd be part of a supportive culture where relationships bond, individuals grow, communities prosper and careers flourish. You can make a difference at Stellar – for yourself and for everyone around you.
Stellar Bank does not discriminate on the basis of race, color, religion, national origin, sex, disability, familial status or any other characteristic protected by applicable federal, state, or local laws, regulations and ordinances.