VP, Special Assets

**JOB SUMMARY** Directs and supervises the Special Asset Department, including loan collection and foreclosure activities; Responsible for maintenance, security and sale of real estate obtained through foreclosure; negotiates rental, lease or sales agreements. **ESSENTIAL DUTIES AND RESPONSIBILITIES:** - Participates in the financial institution’s development of collection policies and procedures for foreclosure, credit for payment of delinquent accounts, and other default procedures. - Reviews the delinquent loan status for the financial institution, may make contact with delinquent account holders through telephone calls, letters and personal visits. - Approves subordinate personnel collection activities regarding workouts of loan payments on delinquent accounts, assisting in procedures when necessary. - Manages reports of current and recently closed residential mortgage and commercial loans ensuring that the information is accurate and in compliance with fair credit reporting regulations. - Directs foreclosure of delinquent accounts determined to be unresolvable, ensuring that all proper documentation is accounted for and all data are properly entered. - Works with financial institution legal counsel regarding litigation and foreclosure activities and attends court hearings as required. - Oversees foreclosed properties for proper management and regular inspections, as well as tax and insurance payments. - Performs other duties as assigned. **ADDITIONAL RESPONSIBILITIES:** - Attend seminars and meetings as appropriate. - Comply with all safety policies, practices, and procedures. - Participate in proactive team efforts to achieve departmental and company goals. - Perform other duties as assigned. **SUPERVISORY RESPONSIBILITIES:** - Collections Officer **KNOWLEDGE, SKILLS, AND ABILITIES:** - **Customer and Personal Service –** Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction. - **English Language –** Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar. - **Administration and Management—**Knowledge of business and management principles involved in strategic planning, resource allocation, leadership technique, and coordination of people and resources. Strong organizational and analytical skills. - **Sales–** Knowledge of principle and methods for promoting and selling products or services. - **Speaking –** Talking to others to convey information effectively. - **Writing –** Communicating effectively in writing as appropriate for the needs of the audience. - **Computer Skills –** Intermediate computer skills including electronic mail, routine database activity, word processing, spreadsheet, etc. - **Clerical –** Knowledge of administrative and clerical procedures and systems such as managing files and records, and other office procedures and terminology. - **Accounting –** Knowledge of accounting principles and practices, banking and the analysis and reporting of financial data. - **Banking**-- Knowledge of financial industry and bank dynamics, and a thorough knowledge of bank’s products and services, and bank security and transaction policies. - **Critical Thinking –** Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems. - **Monitoring –** Monitoring/assessing your performance to make improvements or take corrective action. - **Law and Government –** Knowledge of banking laws and regulations. - **Bank Secrecy Act –** In the performance of all the respective tasks and duties, employee will maintain knowledge of Bank Secrecy Act regulations and all other regulatory, security and bank policies and procedures. **EDUCATION AND EXPERIENCE:** - Bachelor’s degree in related field - At least six years related experie…