Job summary
Job post source
This job is from a recruiting firm hiring for a separate company.
Job overview
The Special Assets / Workout Officer role involves managing distressed loan relationships to mitigate loss exposure and ensure compliance within the Special Assets Department.
Responsibilities and impact
The officer will assess risk, create and monitor plans for distressed loans, assign property inspections, manage settlements, initiate litigation if needed, oversee marketing of bank-owned assets, produce reports, and ensure compliance with policies and regulations.
Experience and skills
Requires a bachelor's degree or 10 years of related experience, with background in Commercial Lending or Special Assets, and relevant financial industry education or training.
Company information
Financial Staffing LLC is a staffing firm specializing in financial sector placements, indicating the role is likely for a client company rather than Financial Staffing itself.
Company overview
Financial Staffing LLC specializes in providing recruitment and staffing solutions for the financial services industry. They connect highly skilled finance professionals with businesses in need of talent, offering services such as temporary staffing, direct hire, and executive search. Established to address the growing demand for specialized financial expertise, Financial Staffing LLC has built a reputation for matching candidates with roles that fit their skills and career goals. Their revenue model primarily revolves around placement fees and service charges from client companies. Understanding their focus on quality placements and industry-specific knowledge is crucial for any candidate considering a position with them.
How to land this job
Tailor your resume to highlight your experience in managing distressed loan portfolios and your ability to assess and mitigate risk effectively, as these are core to the Special Assets / Workout Officer role at Financial Staffing LLC.
Emphasize your skills in creating actionable plans for distressed assets, monitoring settlements, and coordinating collateral inspections, which align directly with the job responsibilities.
Apply through multiple online platforms including Financial Staffing LLC's corporate careers page and LinkedIn to maximize your application visibility and chances of being noticed.
Connect with current employees or managers in the Special Assets or Workout divisions on LinkedIn, using ice breakers like asking about recent changes in the company’s asset management strategies or expressing interest in their approach to handling complex distressed loans.
Optimize your resume for ATS by incorporating keywords from the job description such as 'distressed loan relationships,' 'portfolio management,' 'risk assessment,' 'BSA/AML compliance,' and 'collateral monitoring' to ensure your resume passes initial automated screenings.
Leverage Jennie Johnson's Power Apply feature to automate tailored applications, identify relevant job posting sites, and find LinkedIn connections, allowing you to focus your time on preparing for interviews and networking effectively.
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