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Special Assets Jobs (NOW HIRING)

Dieterich Bank

Objective The Special Assets Officer is responsible for the daytoday management, monitoring, and resolution of assigned criticized and classified loan relationships, under the direction of the ...

Dieterich Bank

Special Assets Officer

Effingham, IL · On-site

Objective The Special Assets Officer is responsible for the daytoday management, monitoring, and resolution of assigned criticized and classified loan relationships, under the direction of the ...

Old National Bank

Special Assets Officer

Rochester, MN · On-site

$121K/yr

The Special Assets Relationship Manager will work with customers to achieve a desired resolution to mitigate risk and maximize recovery to the bank. A Special Assets Relationship Manager will be ...

Dieterich Bank

Special Assets Officer

Saint Louis, MO · On-site

$75K - $100K/yr

Objective The Special Assets Officer is responsible for the day-to-day management, monitoring, and resolution of assigned criticized and classified loan relationships, under the direction of the ...

Dieterich Bank

Special Assets Officer

Effingham, IL · On-site

$75K - $100K/yr

Objective The Special Assets Officer is responsible for the day-to-day management, monitoring, and resolution of assigned criticized and classified loan relationships, under the direction of the ...

Dieterich Bank

Special Assets Officer

Effingham, IL · On-site

$75K - $100K/yr

Objective The Special Assets Officer is responsible for the day‑to‑day management, monitoring, and resolution of assigned criticized and classified loan relationships, under the direction of the ...

Dieterich Bank

Special Assets Officer

Saint Louis, MO · On-site

$75K - $100K/yr

Objective The Special Assets Officer is responsible for the day‑to‑day management, monitoring, and resolution of assigned criticized and classified loan relationships, under the direction of the ...

Exchange Bank

Special Assets Officer

Roseville, CA · On-site

The Special Assets Officer is responsible for managing complex, at-risk and problem loans to resolution to ensure maximum recovery for the Bank Essential Functions * Collections, Bankruptcy, SBA and ...

Broadway Bank

Special Assets Officer

San Antonio, TX

Special Assets Officer | Division: Commercial Credit| Work Days: Monday - Friday| Hours of Operation: 8:00am - 5:00pm Why Broadway Bank: We are one of the largest independently owned banks in Texas ...

Exchange Bank

Special Assets Officer

Santa Rosa, CA

The Special Assets Officer is responsible for managing complex, at-risk and problem loans to resolution to ensure maximum recovery for the Bank Essential Functions * Collections, Bankruptcy, SBA and ...

Exchange Bank

Special Assets Officer

Santa Rosa, CA · On-site

The Special Assets Officer is responsible for managing complex, at-risk and problem loans to resolution to ensure maximum recovery for the Bank Essential Functions * Collections, Bankruptcy, SBA and ...

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How much do special assets jobs pay per year?

As of Jun 11, 2026, the average yearly pay for special assets in the United States is $67,955.00, according to ZipRecruiter salary data. Most workers in this role earn between $44,500.00 and $86,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in the Special Assets position, and why are they important?

To thrive in a Special Assets role, you need a strong background in commercial lending, credit analysis, and risk management, typically supported by a degree in finance, accounting, or a related field. Proficiency with loan management software, financial modeling tools, and regulatory compliance systems is often necessary. Advanced negotiation, problem-solving, and interpersonal skills set outstanding candidates apart, as these roles involve working with distressed borrowers and internal teams. These competencies are vital for efficiently managing non-performing loans, minimizing losses, and supporting the organization's financial health.

What are the primary challenges faced by professionals working in Special Assets departments?

Professionals in Special Assets often encounter the challenge of managing high-risk or distressed loan portfolios, which requires balancing risk mitigation with client relationship management. They must assess complex financial situations, negotiate restructuring terms, and collaborate closely with legal counsel, credit officers, and borrowers to find workable solutions. Tight deadlines, regulatory compliance requirements, and occasionally difficult negotiations can also add pressure to the role. However, these challenges offer valuable opportunities for skill development, cross-departmental collaboration, and paving the way for advancement into leadership positions within credit or risk management.

What is a Special Assets job?

A Special Assets job typically involves managing and mitigating risks associated with non-performing or distressed loans within a financial institution. Professionals in this role work to restructure, recover, or liquidate troubled assets to minimize financial losses. They analyze borrower financials, negotiate repayment terms, and collaborate with legal teams on foreclosure or bankruptcy proceedings. Strong financial acumen, problem-solving skills, and knowledge of loan regulations are essential for success in this role.

More about Special Assets jobs
What cities are hiring for Special Assets jobs? Cities with the most Special Assets job openings:
What are the most commonly searched types of Special Assets jobs? The most popular types of Special Assets jobs are:
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Special Assets jobs near you
Infographic showing various Special Assets job openings in the United States as of June 2026, with employment types broken down into 1% As Needed, 79% Full Time, 18% Part Time, and 2% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $67,955 per year, or $32.7 per hour.

Special Assets Officer

Farmers and Merchants Bank of Long Beach

Lakewood, CA

Other

Posted 8 days ago

Job description

Job Summary
The Special Assets Officer works closely with Special Assets Manager, Credit Administration and Branch lending staff identifying loans that have deteriorated to the point that warrants a downgrade to Criticized or Classified status. This position helps develop and implement strategies to either rehabilitate these loans back to Pass status or to develop and execute an exit strategy that mitigates loss exposure to the Bank. The Special Assets Officer is responsible for gathering and analyzing credit information, conducting extensive in-depth financial and industry analysis, and performing due diligence to evaluate risk and return parameters of financing transactions.
Essential Duties
  • Oversee and manage the Criticized and Classified loans from assigned portfolio.
  • Manage assigned Special Assets Managed loans including but not limited to follow up for financial information and covenant compliance, communication with Borrower along with other Relationship Manager and/or Portfolio Banker duties. Update Special Assets Managed reports, as needed.
  • Attend weekly Special Assets Committee Meetings and provide pertinent updates to Criticized and Classified loans from assigned portfolio and Special Assets Managed loans.
  • Review Problem Loan Reports from assigned portfolio.
  • Prepare Problem Loan Reports for assigned Special Assets Managed loans.
  • Participate in Credit Administration meetings, Lenders' Forum meetings, Managers' Bi-Monthly Meetings, and other required meetings.
  • Review Problem Loan Reports (PLR) from assigned Branches and assist with updates and corrections of any deficiencies prior to its submission for review and final approval by the special Assets Manager.
  • Support Special Assets Manager, as requested.
  • Complete all assigned training.
  • Interfaces with Relationship Managers and branch lending staff as a Branch resource.
  • Duties include direct communication with loan borrowers for payment, financial reporting, and financial covenant compliance and monitoring financial trends of borrowers and value of collateral.
Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security, and privacy requirements. This position will elevate suspicious activity to supervisory staff and/or BSA department. Completes compliance and other technical training workshops as assigned.
Required Knowledge
  • Bank Secrecy Act (BSA)
  • California Civil Code
  • Complaint Documentation Policy
  • Eviction Laws and Regulations (Federal, State, County, City)
  • Fair Credit Reporting Act
  • Fair Debt Collection Practices Act (FDCPA)
  • Fair Housing Act (FHA)
  • Federal Deposit Insurance Act (Federal Deposit Insurance Corporation - FDIC)
  • Federal Reserve Act
  • Flood Disaster Protection Act (FDPA)
  • Foreclosure Laws and Regulations (Federal, State, County, City)
  • Regulation AA (Unfair or Deceptive Acts or Practices)
  • Regulation B (Equal Credit Opportunity)
  • Regulation BB (Community Reinvestment Act - CRA)
  • Regulation C (Home Mortgage Disclosure - HMDA)
  • Regulation CC (Expedited Funds Availability Act)
  • Regulation DD (Truth in Savings)
  • Regulation E (Electronic Funds Transfer Act)
  • Regulation O (Insiders Loans Act)
  • Regulation P (Privacy of Consumer Financial Information Act)
  • Regulation U (Governs Margin Securities)
  • Regulation X (Real Estate Settlement Procedures Act - RESPA)
  • Regulation Z (Truth in Lending Act - TILA)
  • Servicemembers Civil Relief Act (SCRA)
  • Telephone Consumer Protection Act (TCPA)
  • Uniform Commercial Code (UCC)
  • US Patriot Act
  • Not all inclusive of regulations, laws & statutes required to perform the position.
Basic Knowledge, Skills, and Abilities
  • Clear understanding of the English Language (Spoken & Written)
  • Microsoft Office Products (Excel, Word, Outlook)
  • Laserfiche imaging application
  • Financial Tools OnTrack application
  • Jack Henry & Associates core operating system
  • Familiarity with Bank Products & Services and Policies & Procedures (Operations/Lending)
  • Basic Mathematics Skills
  • Customer Service Skills
  • Strong typing skills
  • Strong time management and organizational skills
  • Critical Thinking, Judgment & Problem-Solving Skills
  • Ability to actively listen & learn.
Equipment Operated
  • Desk top Computers.
  • Standard Office Equipment (copiers, scanners, fax machines)
Physical Requirements & Work Environment
  • Requires repetitive movement.
  • Requires sitting for prolonged periods of time.
  • Requires lifting 15lb.
  • Requires using hands to handle, control or feel objects.
  • Office setting w/controlled temperature
Education and Experience
  • High School Diploma or equivalent required
  • 0 - 5 years loan documentation and loan servicing experience

As a part of the Bank's internal control systems, employees holding sensitive positions are required to be absent from their duties for a minimum of two consecutive weeks each year. This position has been deemed to meet the test for a sensitive position, and therefore you will be required to meet the minimum absence requirement every year.
This job description is not intended to be all-inclusive, and employees will be required to perform additional related work duties as assigned by their immediate supervisor and/or management.
Farmers and Merchants Bank of Long Beach reserves the right to revise or change job duties and responsibilities as the need arises. This job description does not constitute a written or implied contract of employment.
March 4, 2026

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