Special Assets Manager

«out The Role Do you LOVE where you work?? We DO!! Come work for a company that cares about our communities and celebrates our employees! Mountain West Bank. Today. Tomorrow. Together. Do you want to work for a company that's a member of the Forbe's Top Ten 2022 List? We're more than a job, we take pride in our culture, our employees and our company. Mountain West Bank is looking for an experienced and Special Assets Manager for our talented team here in beautiful Coeur d'Alene, ID. The S.A.D. Manager reports to the bank division Chief Credit Officer, this position manages the activities of the Special Assets Department to identify areas of risk in the loan portfolio, resolve specifically identified problem credits, and minimize financial losses to the bank. The Special Assets Department Manager works closely with the Chief Credit Officer, lenders, and bank counsel to engage with borrowers in resolving problem credits. This role also oversees and directs the accounting treatment of specific problem loans and assets in the bank owned real estate and other foreclosed property portfolios. ESSENTIAL FUNCTIONS: Manages the daily activities of the Special Assets Department, directing department personnel accordingly; hires and supervises department personnel; identifies training opportunities and needs; provides ongoing feedback and annual performance evaluations of department staff. RISK MANAGEMENT Works with the Chief Credit Officer to monitor the condition and quality of the loan portfolio, identifying areas of increased risk and providing guidance to mitigate deterioration in the asset quality of the portfolio; ensures that risk ratings on problem credits are accurate, reviewed and revised in a timely manner, and reported appropriately to bank management. LEGAL AND COMPLIANCE Ensures the activities of the department are performed in compliance with federal, state, and local regulations as well as bank specific policies and procedures. PROBLEM LOAN RESOLUTION Proactively identifies specific credits needing the attention, intervention, and management of the Special Assets Department; works with lenders to ensure a professional and clear transition of those credit relationships that are to be managed by the department; engages with borrowers, their agents and counsel in a timely and professional manner to resolve problem credits and minimize loss to the bank; engages bank legal counsel as appropriate. ACCOUNTING Recognizes and recommends changes to accrual status on specific credits consistent with bank policy and generally accepted accounting principles; tests specific loans for impairment and recognizes restructured troubled debt; directs, or recommends for approval, specific amounts to be charged off against the allowance for loan loss. Obtains updated valuations for bank owned real estate and other foreclosed assets per bank policy; directs, or recommends for approval, any appropriate write-down or valuation adjustments in a timely manner. REPORTING Prepares Problem Loan Reports for credits under the direct management of the department; reviews for accuracy and completeness Problem Loan Reports prepared by lenders for credits not managed by the department; delivers Problem Loan Reports, and other asset quality reports as directed by the Chief Credit Officer; assembles the materials and agenda for monthly Problem Credit Committee meetings; participates and presents to bank division loan committees and to the bank division board as directed by the Chief Credit Officer or Chief Executive Officer. About You QUALIFICATIONS: 10 or more years of experience in handling a variety of problem credits, including real estate loans and complex commercial loans Prior lending experience preferred Undergraduate degree with emphasis in finance, accounting or business law WORK ENVIRONMENT: Must be able to routinely perform work indoors in climate-controlled shared work area with moderate noise level. PHYSICAL DEMANDS: 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. While performing the duties of this job, the employee is often required to: sit; use hands in repetitive motions to finger, grasp, handle or feel; and talk or hear. The employee is occasionally required to: stand; walk; and lift or reach with hands and arms. Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators. Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours or travel off site whenever required or requested by management. Must be capable of regular, reliable and timely attendance. Must be capable of climbing / descending stairs in an emergency situation. Specific lifting abilities required by this job include: Sedentary work. Exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects, including the human body. Sedentary work involves sitting most of the time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met. Specific vision abilities required by this job include: The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading; visual inspection involving small defects, small parts, and/or operation/inspection of machines and/or using measurement devices at distances close to the eyes. What We Offer COMPENSATION & BENEFITS: Starting salary is dependent upon relevant experience and may vary based on the geographic location of the position. We offer an extensive benefits package that includes, but is not limited to medical, dental, vision, and life insurance, a health savings account option, an Employee Assistance Program (EAP), a health rewards program, a 401(k) retirement savings plan, discounts on banking products and services, and paid sick, holiday, and vacation time. Visit our website for more details! COMPANY OVERVIEW: We are a family of banks whose unique local presence reflects the communities we serve. We welcome the opportunity to grow and change as our customers and communities do the same. Read our story, learn about our banks, and experience life at Glacier Bancorp, Inc. all from our website. Check it out! We are an Equal Opportunity Employer and qualified applicants or employees will receive consideration for employment without regard to race, color, religion, national origin, sex (including pregnancy), sexual orientation, gender identity, mental or physical disability, genetic information, protected veteran status, or any other category protected by applicable federal, state or local laws. Glacier Bancorp, Inc. does not sponsor applicants for work visas. All applicants must be legally authorized to work in the US. No Recruiters or unsolicited agency referrals please.