Special Assets Officer - Commercial

THE TEAM YOU WILL BE JOINING

• A high-growth, publicly traded bank with a differentiated lending platform and a strong track record of organic growth
• A Wilmington-based team that is rebuilding with clear leadership, healthier structure, and meaningful opportunity ahead
• A Special Assets Group designed to be more than a traditional back-office workout function, with direct involvement across borrowers, credit, servicing, legal, and leadership
• A collaborative team led by experienced Special Assets leadership, with this role reporting into the Director of Special Assets
• A business that continues to evolve, scale, and redesign how banking is done across several specialty lending categories

LOCATION

• Fully onsite in Wilmington, NC, with relocation support available for the right candidate

WHAT THEY OFFER YOU

• Competitive base compensation with annual cash bonus and long-term incentive opportunities
• Strong relocation support for candidates moving to Wilmington
• Exceptional total rewards package, including a 6% 401(k) match, generous PTO, rolling holidays, and floating holidays
• Annual equity grant opportunity with the ability for equity awards to build meaningful long-term value over time
• Opportunity to join a growing bank with a strong culture, unique market position, and significant long-term career runway

WHY THIS ROLE IS IMPORTANT

• Owns complex commercial special assets scenarios involving stressed credits, borrower performance challenges, and risk mitigation
• Engages directly with borrowers, sponsors, and management teams during pivotal moments in the loan lifecycle
• Evaluates borrower viability, collateral outcomes, downside risk, and practical resolution strategies
• Partners closely with credit, servicing, legal, operations, and leadership to determine the right path forward
• Helps protect the bank while identifying creative, practical solutions that can move troubled loans toward resolution whenever possible

THE BACKGROUND THAT FITS

• Experience in commercial underwriting, portfolio management, credit administration, loan review, special assets, or workout-related roles
• Exposure to problem credits, criticized assets, covenant monitoring, borrower performance issues, or risk-rating changes
• Strong financial analysis skills with the ability to evaluate borrower viability, collateral positions, and downside scenarios
• Comfort engaging directly with borrowers, sponsors, business owners, and internal stakeholders through difficult conversations
• Ability to manage complex credit situations from beginning to end, not just documentation, reporting, or internal workout processes