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Carlsbad, California Kforce Finance and Accounting

RESPONSIBILITIES:

Kforce has a client in search of a Special Assets Officer in Carlsbad, CA. Key Tasks:
  • Monitoring past due loans and contacting borrowers for payments
  • Completing and presenting quarterly problem loan reports
  • Prepare risk grade, non-accrual and charge off recommendations
  • Implementing strategies to collect and/or upgrade problem loans to meet the bank's minimum credit standards and minimize loss potential
  • Manage loan workout processes including preparing and sending demand letters, ordering and reviewing credit reports, site visits and real estate and personal property appraisals
  • Complete collateral analysis
  • Submit requests to the SBA to buy back loans from the secondary market, which consists of preparing SBA transcripts of account and gathering required documents
  • Compile documents to prepare SBA 10-tab guaranty purchase packages, wrap up and charge off packages and CPC packages
  • Compile documents and information to commence foreclosure
  • Monitor bankruptcy proceedings and foreclosures
  • Monitor ongoing performance of the loans being paid under forbearance, settlements, modifications, etc.
  • Monitor loans for covenant compliance to include delinquent property taxes and technical defaults such as failure to provide or maintain required insurance (life, hazard, flood, liability, worker's comp, etc.)
  • Review file documentation on problem assets to ensure there are no documentation deficiencies and the bank's collateral position is properly perfected and correct documentation exceptions when necessary
  • Collect financial information to spread and analyze financial condition
  • Assist special assets manager in managing OREO property


Job Requirements:

REQUIREMENTS:

  • Bachelor's degree in Business Administration, Accounting Finance or related field preferred
  • Five to ten years of loan workout and liquidation experience, or SBA Lending experience related to SBA SOP and/or SBA Underwriting loan experience
  • Must have understanding of lending concepts and experience working on complex credits of all types
  • Thorough knowledge of lending operations, loan processing, documentation requirements and procedures
Preferred Skills/Experience:
  • Ability to spread and analyze financial statements
  • Working knowledge of workout strategies, commercial and SBA credit analysis and problem loan structuring
  • Strong understanding of bankruptcy laws
  • Problem Solving and negotiating experience
  • Familiarity with the legal issues involved with distressed loans such as bankruptcy actions, foreclosures, collateral collection remedies, etc.
Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.