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Special Assets Jobs (NOW HIRING)

Broadway Bank

Special Assets Officer

San Antonio, TX

Special Assets Officer Position: 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 ...

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 · 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 ...

Whitaker Bank

SPECIAL ASSETS OFFICER

Lexington, KY

WHITAKER BANK SPECIAL ASSETS OFFICER SUMMARY The position of Special Assets Officer provides loan workout and collection activities across all business lending lines. The primary objective is loss ...

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 ...

Frost Bank

Special Assets Officer

Fort Worth, TX

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 ...

Univest

Special Assets Officer

Souderton, PA

$70K - $100K/yr

Special Assets Officer Join Univest Financial Corporation as a Special Assets Officer, where you'll play a vital role in protecting the financial health of our Small Business portfolio. In this ...

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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
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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

Whitaker Bank Corp of Kentucky

Lexington, KY • On-site

Full-time

Posted 12 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.