Special Assets Collections Officer

Location: Los Angeles
Posted on: June 23, 2025

Job Description:

Special Assets Collections Officer, SBA Servicing, Accounts Receivable, Financial Services This Jobot Job is hosted by: David Hyon Are you a fit? Easy Apply now by clicking the "Apply Now" button and sending us your resume. Salary: $70,000 - $90,000 per year A bit about us: Fast growing nationally ranked Commercial Loan firm! Why join us? Competitive Compensation and Benefits Package upon conversion Stable, long term, stability Join a well established team who is invested in your growth and success Substantial growth in their business Nationwide Rewarding work and responsibilities Job Details Job Details: We are looking for a dynamic and experienced Special Assets Collections Officer to join our Accounting and Finance team. The successful candidate will play a pivotal role in managing the collection of special assets, including but not limited to SBA 504 loans, mortgages, foreclosures, bankruptcies, and probates. This role offers an exciting opportunity to leverage your skills and experience in a challenging yet rewarding environment. You will be working closely with various departments, ensuring the effective and efficient recovery of assets while minimizing losses. If you are a proactive, detail-oriented professional with a knack for problem-solving, this role is for you. Responsibilities: 1. Manage a portfolio of special assets, including SBA 504 loans, mortgages, foreclosures, bankruptcies, and probates. 2. Develop and implement effective collection strategies to maximize recoveries and minimize losses. 3. Coordinate with legal counsel and other departments on foreclosure and bankruptcy cases. 4. Conduct detailed financial analysis to assess the borrower's ability to repay and determine the most appropriate recovery strategy. 5. Negotiate payment arrangements with borrowers in default, considering their financial circumstances and the bank's recovery objectives. 6. Prepare detailed reports on collection activities and asset status for senior management. 7. Stay updated with changes in laws and regulations related to collections, foreclosures, and bankruptcies. 8. Provide guidance and training to junior staff members on collections and recovery procedures. Qualifications: 1. Bachelor's degree in Accounting, Finance, Business Administration, or a related field. 2. Minimum of 5 years of experience in collections, banking, or a related role. 3. Proven experience in managing SBA 504 loans, mortgages, foreclosures, bankruptcies, and probates. 4. Strong understanding of collections laws and regulations, including the Fair Debt Collection Practices Act. 5. Excellent negotiation and conflict resolution skills. 6. Strong analytical skills, with the ability to conduct detailed financial analysis and make sound decisions. 7. Proficiency in Microsoft Office Suite, with advanced Excel skills. 8. Excellent written and verbal communication skills, with the ability to effectively communicate complex financial information. 9. Strong organizational skills, with the ability to manage multiple tasks and meet deadlines. 10. High level of integrity and professionalism, with the ability to handle sensitive and confidential information. Interested in hearing more? Easy Apply now by clicking the "Apply Now" button. Jobot is an Equal Opportunity Employer. We provide an inclusive work environment that celebrates diversity and all qualified candidates receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. Sometimes Jobot is required to perform background checks with your authorization. Jobot will consider qualified candidates with criminal histories in a manner consistent with any applicable federal, state, or local law regarding criminal backgrounds, including but not limited to the Los Angeles Fair Chance Initiative for Hiring and the San Francisco Fair Chance Ordinance.

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