135 Best real estate Jobs in West Jordan, Utah (October 2025)

Northwest Bank

Commercial Banking - Special Assets Officer

10 days ago

Midvale

Job DescriptionDescription: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. This job description reflects management’s assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned. Summary: Under general supervision, the Special Assets Officer is responsible for managing a portfolio of adverse risk rated consumer, commercial, real estate, SBA, and participated loans. This individual is a fully experienced, qualified workout professional capable of independently managing large dollar and / or complex lending relationships. Will works in a team environment developing and recommending strategies to maximize recovery and eliminate or minimize losses from own portfolio of credits. Works closely with borrowers, executives, attorneys and small and mid-sized company groups to manage proactively, restructure with intentionality the repayment and collateral terms appropriate for the loan. Requirements: Essential Duties & Responsibilities • Perform assigned duties in accordance with the Bank’s Mission, Vision and Core Values; and provide the Bank’s customers and employees with timely, responsive and exceptional service in accordance with the Bank’s customer service standards and internal service level agreements., • Responsible for managing a portfolio of Criticized or Classified Assets, Repossessed Assets and Other Real Estate Owned within established bank policies and procedures to minimize losses and maximize recoveries on loans, repossessed assets and Other Real Estate Owned to the bank through effective development, implementation of workout and liquidation strategies to mitigate loss., • Responsible for identifying and developing strategies to maximize recovery and minimize, eliminate potential losses , through collection activities, , negotiating, execution of workout action plans including proposing loan restructures, managing negotiations and legal actions, evaluating bank collateral and documentation, and recommending alternative solutions as well as judgment/foreclosure litigation, asset liquidation and bankruptcy and provide recommendations for approval within established time frames, • Responsible for creation of, management, and implementation of asset disposition relative to more complex transactions including C&I collateral, A&D, bulk lots, land development properties, and note sales., • Create and prepare reports pertaining to portfolio status, action plans, performance tracking, forecasting losses, charge-off recommendations, impairment analyses, accrual / non-accrual recommendations and other relevant reports for the area of responsibility. Reports may be in conjunction with other departments within the Bank., • Maintain third party client contact records., • Bachelor's Degree in Business/Finance, related field and/or equivalent experience required., • 7.5 years’ experience in special assets in C&I, Real Estate, or Small Business Administration (SBA), • 7.5 years’ commercial credit skills and experience analyzing corporate financial statements, cash flow statements, evaluating appraisals and commercial/corporate structure including restructure of C&I, Real Estate and SBA loans., • Demonstrated ability to analyze credit and to develop and negotiate repayment terms with small and mid-sized companies and high net worth individuals., • 7.5 years’ experience with financial analysis, bankruptcy, workout, UCC, litigation, foreclosure of personal and real property and disposition of collateral., • 7.5 years’ experience with loan restructuring and re-negotiation of interest rates, terms, collateral requirements, documentation and loan agreements., • 7.5 years’ experience in working through adversarial litigation scenarios., • Maintain constructive interaction with clients, work colleagues, and bank regulators., • Advanced knowledge of loan impairment analysis and updating ALLL information., • Ability to train and present to small and mid-size audiences., • Excellent interpersonal, verbal and written communication skills, negotiation, analytical, and organizational skills to interact effectively with all levels of Bank personnel and customers due to the complex nature of special assets management., • Ability to work in a team oriented, goal driven environment., • Ability to meet tight deadlines, problem solve, set and achieve priorities and goals., • High working knowledge of both internal policies and procedures and the laws and regulations governing departmental functions to ensure performance of individual job duties within the proper control environment., • Thorough understanding of bank loans and loan systems., • Travel may be required to facilitate effective completion of job duties including liquidation of problem assets, third party training and development, and collaboration with all markets in credit management., • Understanding of the SBA SOP requirements for liquidation plans, eTran updates, 10-Tab SBA Guarantee request form, etc., • Ability to communicate clearly and efficiently with Borrower’s when collection efforts become challenging and or contentious. 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. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and ability to adjust focus. While performing the duties of this job, the employee is regularly required to sit; use hands and talk or hear. The employee is occasionally required to walk; reach with hands and arms and stoop, kneel, crouch, or crawl.

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