Special Assets Officer

First Community Bank Utah

This job posting is no longer active.

Layton, UT, United States


About the Role

Responsible for managing and resolving a portfolio of special assets through rehabilitation, exit, or liquidation, as well as oversight responsibilities for past dues, overdrafts, and covenant enforcement. The SAO is responsible for developing strategies for workout credits with varying and evolving degrees of aggressiveness commensurate with the situation.




  • Responsible for all aspects of managing, maintaining and selling company owned OREO property at a complex level for multiple property types, including single family residences. Assists senior management in evaluating collateral, loan documentation, and financial information to determine Bank's position in current economic environments.
  • Responsible for managing problem assets or loans in a workout capacity, providing resolutions to a diverse range of complex problems. Analyze complex financial statements and tax returns.
  • Responsible to minimize risk in the portfolio, including risk ratings, accrual status, TDR status, ASC 310 analysis.
  • Manages foreclosures, negotiates deeds-in-lieu, short sales, note sales, restructures and modifications.
  • Assists senior management with negotiations between bank and borrows and borrowers' counsel, and makes necessary judgments based on conditions presented to protect the bank's interest and achieve maximum recovery.
  • Responsible for all income and expense management for all properties, as appropriate.  Liason to title, escrow, and foreclosure company relationships, as needed.
  • Responsible for evaluating and contracting with property management companies, as appropriate.  Responsible for the negotiation and management of leases, maintenance agreements, HOA's, lising, sales contracts and agreements, and all other documents as may be appropriate, in accordance with company policy and regulation.
  • Responsible for monitoring and preparing various reports for management.
  • Must comply with applicable laws and regualtions, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control, in addition to all company policies.



About You


  • A minimum of five years of commercial and ag lending and underwriting experience, including loan review and commercial ag and retail collections, or a combination thereof. Also requires a working knowledge of loan restructures and collection, bankruptcy and foreclosure laws, along with a general understanding of legal proceedings.



  • Completion of an undergraduate degree in accounting, finance, economics, business administration, or a related field.
  • Valid Class C drivers license and acceptable driving history is required.
  • Requires an ability to use a personal computer for word processing, spreadsheet analysis, and other related lending applications.
  • Requires a working knowledgte of loan restructures and collection, bankruptcy and foreclosure laws, along with a general understanding of legal proceedings.


WORK ENVIRONMENT: Must be able to routinely perform work and work indoors in climate-controlled private office with minimal noise.


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.

Specific lifting abilities required by this job include: Occasional lifting of up to 20 lbs.

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: Salary is dependent upon relevant experience. We offer an extensive benefits package that includes, but is not limited to, flexible health coverage options: medical/dental/vision (partially employer paid with competitive premiums), health rewards program, possible employer contribution to a Health Savings Account, Employee Assistance Program (EAP); life insurance; 401K retirement plan with immediate vesting (up to 3% employer match, 3% automatic employer contribution, and profit sharing); discounted banking products and services; paid vacation/sick days, and paid holidays.


COMPANY OVERVIEW: At Glacier Bancorp, our employees are our most valuable asset. We seek qualified individuals who enjoy people, are innovative and eager to learn. We are dedicated to providing opportunities for personal advancement and professional growth by investing in the tools and training needed to build a personalized career path for you.


Glacier Bancorp, Inc. is a regional bank holding company headquartered in Kalispell, Montana with assets greater than $12 billion, operating in numerous community bank divisions across 8 states (Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona and Nevada). We pursue a community banking philosophy, emphasizing personalized service combined with the full resources of a large banking organization. Over the years, Glacier Bancorp has received numerous awards for stability and soundness, and has repeatedly ranked among the top 10% in the nation for financial strength.

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, age, 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.


Job Info

First Community Bank Utah logo

Posted Date: Jun 18, 2020
External ID: 3100