This Special Assets Officer Position Features:
Position Overview
Under minimal supervision, the Special Assets Officer is responsible for managing a portfolio of problem loans, including workout strategies, litigation support, and liquidation processes. This role serves as a lead resource in negotiating complex workout agreements with distressed borrowers across both conventional and government-guaranteed loan portfolios, with a strong emphasis on SBA 7(a) loan structures.
The position works closely with legal counsel to resolve litigation efficiently while minimizing expenses and maximizing recoveries. Additionally, this role supports the management of real estate owned (OREO) properties from acquisition through disposition. This is an in-office position requiring a high level of independence and sound judgment.
________________________________________
Key Responsibilities
• Manage all aspects of an assigned portfolio, including delinquency, foreclosure, litigation, property taxes, asset liquidation, and OREO management
• Monitor and analyze bankruptcy proceedings to protect position and maximize recovery outcomes
• Oversee compliance with servicing requirements for commercial and government-guaranteed loans, including:
o Offers in Compromise
o Litigation Plans
o Liquidation Plans
o Purchase Guarantees
• Negotiate with distressed borrowers to determine optimal workout solutions and preserve loan performance where possible
• Review and risk-rate loans for upgrades, downgrades, impairment, or charge-off status
• Monitor charged-off loans and pursue recovery strategies
• Prepare and maintain watch list, special mention, and classified asset reports
• Ensure adherence to all internal policies and applicable state and federal banking regulations
• Participate in community reinvestment initiatives (minimum annual volunteer hours required)
• Perform additional duties as assigned
________________________________________
Qualifications
• Bachelor’s degree in Business or related field preferred, or equivalent experience
• Minimum 7 years of commercial banking experience with a focus on loan workouts
• Strong experience with SBA 7(a) liquidation and repurchase processes
• In-depth knowledge of real estate terms, valuation, and market dynamics
• Proficiency in Microsoft Office (Word, Excel, Outlook) and Adobe
• Excellent written and verbal communication skills
• Ability to manage multiple priorities in a fast-paced, deadline-driven environment
________________________________________
Work Environment & Physical Requirements
• Primarily office-based environment with moderate noise levels
• Frequent sitting, typing, and use of standard office equipment
• Regular interaction requiring communication, problem-solving, and analytical reasoning
• Occasional lifting (up to 15 lbs), reaching, kneeling, or squatting
Great benefits. Apply for this great position as a special assets officer today!

Equal Opportunity Employer / Disabled / Protected Veterans

The Know Your Rights poster is available here:
https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf

The pay transparency policy is available here:
https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf

For temporary assignments lasting 13 weeks or longer, AppleOne is pleased to offer major medical, dental, vision, 401k and any statutory sick pay where required.

We are committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please contact your staffing representative who will reach out to our HR team.

AppleOne participates in the E-Verify program in certain locations as required by law. Learn more about the E-Verify program.
https://e-verify.uscis.gov/web/media/resourcesContents/E-Verify_Participation_Poster_ES.pdf

We also consider for employment qualified applicants regardless of criminal histories, consistent with legal requirements, including, if applicable, the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance. Pursuant to applicable state and municipal Fair Chance Laws and Ordinances, we will consider for employment-qualified applicants with arrest and conviction records, including, if applicable, the San Francisco Fair Chance Ordinance. For Los Angeles, CA applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.