SPECIAL ASSETS MANAGER

Special Assets Manager

Lending | Banking

Reports to: Chief Lending Officer

This position does not offer remote access.  It is an in-office position located in Winsted, CT. 

Summary of the Role

The Special Assets Manager is responsible for overseeing and resolving the Bank's non-performing, and distressed loan portfolio. This role develops and executes workout, recovery, collection, and OREO disposition strategies that minimize losses, maximize recovery, and ensure compliance with regulatory requirements while protecting the Bank's financial interests.

Key Responsibilities

Skills

Loan Workouts & Special Assets Management           Commercial Credit Analysis

Financial Statement & Cash Flow Analysis                 Collections & Recovery Administration

Real Estate & OREO Management                             Negotiation & Conflict Resolution

Regulatory Compliance                                               Leadership & Staff Development

Strategic Planning                                                       Communication & Presentation

Qualifications

Bachelor’s degree in Finance, Accounting, Business Administration, or related field (or equivalent experience)

5–7 years of progressive banking experience with emphasis in commercial lending, special assets, loan workouts, and credit analysis

Strong understanding of bankruptcy, foreclosure, collections, creditor rights, and real estate valuation

Comprehensive knowledge of banking regulations and compliance requirements

Proven leadership, supervisory, and organizational abilities

Excellent negotiation, analytical, written, and verbal communication skills

Ability to travel throughout the Bank’s lending market as needed

Regularly works with highly confidential customer, financial, legal, and credit information

Why Join Us

Opportunity to directly impact portfolio quality, asset recovery, and risk management while partnering with senior leadership and contributing to the Bank’s strategic objectives.

Work Environment & Physical Requirements

Primarily office-based role requiring prolonged sitting and computer use. Occasional standing, walking, and light lifting up to 10 pounds. Frequent use of standard office equipment and extended periods of computer screen use requiring visual focus.

Equal Opportunity Employer

We are committed to creating an inclusive and diverse workplace. Employment decisions are based on qualifications, merit, and business needs.