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Special Assets Officer Jobs (NOW HIRING)

Oklahoma AgCredit

Special Assets Officer

Edmond, OK · On-site

SPECIAL ASSETS OFFICER - TBD, Oklahoma Hours: M - F (8am to 4:30pm) Summary: The Special Assets Officer leads and manages the Association's portfolio of high-risk, delinquent, and non-performing ...

Frost Bank

Special Assets Officer

Fort Worth, TX · On-site

Special Assets Officer It's about interactions more than transactions. Have others complimented you on your attention to detail and exceptional organizational skills? Are you known for your ability ...

Oklahoma AgCredit

Special Assets Officer

Edmond, OK · On-site

SPECIAL ASSETS OFFICER - TBD, Oklahoma Hours: M - F (8am to 4:30pm) Summary: The Special Assets Officer leads and manages the Association's portfolio of high-risk, delinquent, and non-performing ...

Flagstar Bank

Special Assets Officer

New York, NY · On-site

$102K - $158K/yr

Position Title Special Assets Officer Location New York, NY 10018 Job Summary The Special Assets Officer manages a portfolio of distressed commercial real estate/multifamily loans and assists with ...

Flagstar Bank

Special Assets Officer

New York, NY · On-site

$102K - $158K/yr

Position Title Special Assets Officer Location New York, NY 10018 Job Summary The Special Assets Officer manages a portfolio of distressed commercial real estate/multifamily loans and assists with ...

Frost Bank

Special Assets Officer

Fort Worth, TX

If so, being a Special Assets Officer with Frost could be for you. At Frost, it's about more than a job. It's about having a flourishing career where you can thrive, both in and out of work. At Frost ...

Frost Bank

Special Assets Officer

Houston, TX

If so, being a Special Assets Officer with Frost could be for you. At Frost, it's about more than a job. It's about having a flourishing career where you can thrive, both in and out of work. At Frost ...

Frost Bank

Special Assets Officer

Fort Worth, TX · On-site

If so, being a Special Assets Officer with Frost could be for you. At Frost, it's about more than a job. It's about having a flourishing career where you can thrive, both in and out of work. At Frost ...

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 ...

Broadway Bank

Special Assets Officer

San Antonio, TX · On-site

Special Assets Officer Division: Commercial Credit WorkDays:Monday - Friday Hours of Operation:8:00am - 5:00pm Why Broadway Bank: We are one of the largest independently owned banks inTexas with ...

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 ...

Exchange Bank

Special Assets Officer

Roseville, 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

Roseville, 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 ...

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Special Assets Officer information

See salary details

$29K

$68.8K

$112K

How much do special assets officer jobs pay per year?

As of Aug 5, 2026, the average yearly pay for special assets officer in the United States is $68,850.00, according to ZipRecruiter salary data. Most workers in this role earn between $33,000.00 and $89,000.00 per year, depending on experience, location, and employer.

What is the difference between Special Assets Officer vs Loan Workout Specialist?

AspectSpecial Assets OfficerLoan Workout Specialist
CredentialsTypically requires banking or finance certifications, relevant experienceSimilar credentials, often with additional training in restructuring
Work EnvironmentBanking institutions, focusing on distressed assetsFinancial institutions, focusing on loan recovery and restructuring
Employer & IndustryCommercial banks, credit unionsCommercial banks, mortgage companies
Search & Comparison IntentUnderstanding roles in distressed asset managementComparing loan recovery roles in banking

The Special Assets Officer and Loan Workout Specialist roles both focus on managing distressed loans within financial institutions. While they share similar credentials and work environments, the Special Assets Officer often handles a broader range of troubled assets, including real estate and other collateral, whereas the Loan Workout Specialist primarily focuses on restructuring and recovering loans. Both positions are vital in mitigating losses and require strong financial analysis skills.

What are the key skills and qualifications needed to thrive as a special assets officer, and why are they important?

To thrive as a Special Assets Officer, you need a solid understanding of credit risk analysis, loan workout strategies, and financial statement review, typically supported by a degree in finance, accounting, or a related field. Familiarity with loan management systems, financial modeling software, and regulatory compliance tools is often required. Strong negotiation, problem-solving, and interpersonal skills help in managing distressed assets and collaborating with borrowers and stakeholders. These abilities are essential for minimizing losses, resolving troubled loans, and protecting the financial institution’s interests.

What is a special assets officer?

Special Assets Officers are financial professionals responsible for managing and resolving problem loans or distressed assets within a bank or financial institution. Their primary duties include analyzing at-risk portfolios, working with borrowers to restructure debts, and recovering value from non-performing loans. They collaborate with legal teams, negotiate settlements, and develop strategies to minimize losses for their organization. Special Assets Officers play a critical role in maintaining the financial health of their institution by mitigating risks associated with troubled assets.

What are some common challenges faced by special assets officers when managing distressed loan portfolios?

Special Assets Officers often encounter challenges such as negotiating with borrowers who are experiencing financial difficulties, evaluating complex collateral, and ensuring compliance with regulatory requirements. They must balance the bank's interests with the need to maintain positive client relationships, often requiring creative problem-solving and strong communication skills. Additionally, working under tight deadlines and handling multiple distressed accounts simultaneously can add to the complexity of the role.
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Special Assets Officer jobs near you
Infographic showing various Special Assets Officer job openings in the United States as of July 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $68,850 per year, or $33.1 per hour.

Special Assets Officer

Oklahoma AgCredit

Edmond, OK • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 16 days ago

Job description

SPECIAL ASSETS OFFICER - TBD, Oklahoma
Hours: M - F (8am to 4:30pm)
Summary: The Special Assets Officer leads and manages the Association's portfolio of high-risk, delinquent, and non-performing assets. Ensures effective resolution strategies that balance risk mitigation, regulatory compliance, and customer outcomes. Provides oversight of distressed loan servicing, restructuring, litigation, and asset recovery processes. Serves as the primary liaison across credit, legal, risk, and branch teams to ensure consistent execution of special asset strategies.
Position Responsibilities:
Special Asset Portfolio Management
  • Call and visit special credit customers and serve as primary borrower contact
  • Manage and resolve high-risk and non-accrual loan portfolios
  • Analyze borrower financials and determine appropriate classification (PD, LGD, accrual status)
  • Develop and execute restructuring, liquidation, or foreclosure strategies
  • Negotiate repayment terms with borrowers and represent the Association in mediations or legal proceedings
  • Maximize recovery and minimize loss on distressed assets
Risk Oversight & Credit Administration
  • Monitor credit quality and risk trends within the distressed portfolio
  • Recommend and review risk ratings and loan classifications, leading to improved timeliness, consistency, coordination and completeness of distressed loan identification
  • Determine and recommend a specific reserve and/or charge off through review and approval of NRV worksheets on individually evaluated loans
  • Ensure compliance with FCA regulations, borrower rights, and applicable lending laws
  • Review loan documentation to ensure enforceability and proper structure
  • Support allowance calculations and risk reporting
  • Ensure timely (i) review of and response to all Applications for Restructuring and Loss Mitigation requests, (ii) documentation and implementation of approved applications, and (iii) foreclosure or other liquidation of collateral for applications not approved
Branch & Organizational Support
  • Serve as subject matter expert on distressed loans and special asset management
  • Provide coaching and guidance to branch staff on restructuring, loss mitigation, and borrower rights
  • Back up credit underwriting team as workload allows
  • Collaborate with Credit, Legal, and Executive Leadership on special asset portfolio
  • Support Loan Committee presentations and credit decision processes
Compliance, Reporting & Audit Coordination
  • Ensure timely borrower notifications and regulatory compliance actions
  • Prepare and validate regulatory, board, and internal reports on high-risk assets
  • Maintain accurate documentation and audit-ready files for examinations
  • Coordinate with auditors, regulators, and internal stakeholders on inquiries and reviews
  • Prepare weekly summary report on status of special credits
  • Prepare board reports, review/propose revisions to existing credit policies and procedures, develop/propose new credit policies and procedures, and ensure compliance with policy/procedure and laws/regulations through ongoing coaching and training
  • Maintain loan servicing plans to ensure that plans address required aspects of Association's loan servicing plan requirement guidance and FCA's information memorandum
  • Lead least cost analysis in collaboration with regional VPs
  • Lead loan modification in collaboration with regional VPs
Legal & External Coordination
  • Serve as liaison with attorneys, courts, and external vendors
  • Track and manage litigation, bankruptcies, and foreclosure processes
  • Review legal invoices and ensure compliance with engagement terms
  • Coordinate collateral disposition, acquired property management, and recovery activities

Education
  • Bachelor's degree in Accounting, Finance, Agriculture or related field
  • 5-8 years of experience in lending, credit administration, special assets or other related field.
  • Collection experience preferred.
  • Or an equivalent combination of education and experience sufficient to perform the essential functions of the job

Oklahoma AgCredit offers a competitive compensation and benefits package, including:
  • Competitive base pay with an incentive plan
  • 401(k) Contribution 3%, Match 6%
  • Paid Vacation (15 days), Sick Leave (15 days) and Holidays (12 days)
  • Excellent medical, Dental, Vision, Life Insurance
  • Flexible Spending and Health Savings Accounts
  • Wellness program activities and rewards
  • Customer-Centric Environment
  • Opportunity to Give Back to Agriculture
Oklahoma AgCredit is an Equal Opportunity Employer dedicated to diversity in the workplace and offers a great work environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age (40 or older), disability, genetic information or protected veteran status.
Important note: We care about your hiring process and take it seriously. A real person will review your application, meaning response timelines may vary. The interviewing process at Oklahoma AgCredit may include emails, texts, phone calls, and on-site interviews. We cannot personally follow-up with each applicant, and we will do our best to create a professional, respectful, and thorough process for candidates with whom we identify as a potential fit.

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