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Special Assets Officer Jobs (NOW HIRING)

Frost Bank

Special Assets Officer

Houston, TX · On-site

$70 - $90/hr

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 ...

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 ...

CityFirst Bank

Special Assets Officer

Washington, DC · On-site

$145K - $155K/yr

ROLE SUMMARY The Special Assets Officer is responsible for the independent management, oversight, and resolution of complex criticized and classified commercial loan relationships, including ...

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 · 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 ...

Third Coast Bank

Special Assets Officer

Austin, TX · On-site

$80 - $100/hr

Special Assets Officer Full Time Austin, TX, US 7 days ago Requisition ID: 1470 Third Coast Bank is an equal opportunity employer and does not discriminate against applicants or employees based on ...

Farm Credit Services

Special Assets Officer

Edmond, OK · On-site

$70 - $90/hr

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 ...

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 · 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 · 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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Special Assets Officer information

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$29K

$68.8K

$112K

How much do special assets officer jobs pay per year?

As of Aug 26, 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 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 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 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.

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.

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Special Assets Officer jobs near you
Infographic showing various Special Assets Officer job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 79% Full Time, 18% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $68,850 per year, or $33.1 per hour.

SPECIAL ASSETS OFFICER

Whitaker Bank Corp of Kentucky

Lexington, KY • On-site

Full-time

Re-posted 28 days ago

Job description

WHITAKER BANK


SPECIAL ASSETS OFFICER JOB DESCRIPTION

 SUMMARY


The position of Special Assets Officer provides loan workout and collection activities across all business lending lines. The primary objective is loss mitigation through active credit collection activity, appropriate workout strategy and resolution. In addition, the position provides support to other Officers and team members involved in collection activities. The Special Assets Portfolio Manager also assists in management of the Bank’s Other Real Estate Owned properties. Works with Special Assets to ensure compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations.


ESSENTIAL DUTIES


  1. Responsible for active management of criticized, classified or delinquent credits. 
  1. Capable of applying credit officer, asset management and risk management principals.
  1. Manage portfolio of collateralized assets.
  1. Evaluate financial information, collateral, legal documents and available information to project probable exposure to loss and recommended workout strategy.
  1. Often serve as primary contact with in-house and outside counsel in workout and collection case management. Experience and knowledge around legal documents, loan covenants and loan agreements. 
  1. Calls on delinquent loan customers to get payments or set up an updated payment plan.
  1. Provide reporting on Special Assets portfolio.
  1. Assists in management of the Bank’s Other Real Estate Loan Portfolio of properties. 
  1. Composes, prepares and issues correspondence such as internal memorandums and letters to customers or contractors.
  1. Provides effective customer service and assists in resolving problems within given authority.
  1. Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions. Works collaboratively with Bank leadership and team 
  1. Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action. 
  1. Follows policies and procedures; completes administrative tasks correctly and on time; supports the Bank’s goals and values; benefits the bank through outside activities.
  1. Performs the position safely, without endangering the health or safety to themselves or others, and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.



SECONDARY DUTIES


The position of Special Assets Officer performs duties specific to the position and other functions as assigned.

 


ENVIRONMENT AND PHYSICAL ACTIVITY


The incumbent is in a non-confined office-type setting in which he or she is free to move about at will. The position includes driving a Bank or personal owned vehicle approximately 0-5% of the time which includes exposure to the outside weather elements and moving mechanical parts. It may include some minor annoyances such as noise, odors, drafts, etc. 


The incumbent in the course of performing this position spends time writing, typing, speaking, listening, lifting (up to 15 pounds), seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting (90% of the time), pulling, walking, standing, squatting, kneeling and reaching.


The incumbent for this position may operate any or all of the following: telephone, cellular telephone, copy and/or fax machines, adding machine (calculator), check protector, scanner and image systems, scanning equipment, encoder, money counter, credit card terminal, typewriter, computer terminal, laptop computer, personal computer and related printers, or other equipment as directed.


The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. 


The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.


Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 



MENTAL DEMANDS


The incumbent in this position must be able to accommodate to reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, training, multiple concurrent tasks, and constant interruptions.




MINIMUM REQUIREMENTS


These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.


  • Minimum 3 years commercial lending or commercial workout experience. 
  • Associate’s degree (AA) or equivalent from a 4-Year college or technical school; or 5 year of related experience and/or training; or the equivalent combination of education and experience. 
  • Knowledge of related state and federal banking compliance regulations, and other Bank operational policies.
  • Intermediate skills in computer terminal and personal computer operation; mainframe computer system; and word processing, spreadsheet and graphical software programs.
  • Effective verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and speak clearly to customers and employees.
  • Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations.
  • Effective organizational and time management skills.
  • Ability to work with minimal supervision while performing duties.
  • Current driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.



Management reserves the right to change this job description at any time according to business needs.

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