Special Assets Officer

As the nation's largest community credit union, we begin every day focused on delivering superior financial products and services for our 1.3 million members and more than$30 billionin managed assets. Our work has an economic impact as we support our members' financial goals. We are unapologetic about being devoted to our members and the communities we serve. Our business is guided by our people helping people philosophy - which includes our team members.

BECU has been in business for more than 85 years, driven by unwavering core values and a dedication to improving the communities we serve. While we have a rich history, the future of our company, accelerated by business and technology transformation, is even brighter. There's never been a better time to work for BECU.

To learn more visit becu.org/careers.

PAY RANGE

BENEFITS

Employees and their eligible family members have access to a wide array of employee benefits, such as medical, dental, vision and life insurance coverage. Employees have access to disability and AD&D insurance. We also offer health care and dependent care flexible spending accounts, as well as health savings accounts, to eligible employees. Employees are able to enroll in our company's 401k plan and employer-funded retirement plan. Newly hired employees accrue 6.16 hours of paid time off (PTO) on a per pay period basis based on hours worked (up to a maximum of 160 PTO hours per year) and receive ten paid holidays throughout the calendar year. Additional details regarding BECU Benefits can be found here.

IMPACT YOU'LL MAKE:

As a Special Assets Officer at BECU, you'll play a key role in ensuring the financial health of our commercial lending portfolio. By proactively identifying and resolving problem loans, you'll be instrumental in protecting the credit union's assets and minimizing potential losses. Your expertise will directly influence strategic decisions and ensure that BECU's commercial real estate and business services remain strong and stable. Your impact will be seen in both the management of risk and the guidance you provide to leadership in navigating complex credit situations. This is an opportunity to use your analytical skills and strategic mindset to make a lasting difference at BECU.

WHAT YOU'LL DO:

• Compliance & Regulation Management: Ensure all responsibilities align with BECU Competencies, regulatory, compliance, and Information Protection standards. Your attention to detail will help maintain BECU's integrity and legal standing.

• Commercial Loan Loss Analytics: Review and develop analytics for loans rated "special mention" or worse, driving the negotiation process for complex loans. Your work will lead to effective action plans that address loan deficiencies and minimize risks for BECU.

• Problem Loan Portfolio Management: Serve as the primary officer for Business Services' problem loan portfolio. You'll manage direct credits requiring comprehensive risk actions, guiding teams in early identification of potential problems and finding the best solutions.

• Member Engagement & Risk Mitigation: Engage with problem loan members, monitor financial performance, and create action plans to resolve issues. Your diligence in monitoring collateral and financials will be key in reducing loss exposure to the credit union.

• Financial Analysis & Risk Assessment: Analyze borrower and guarantor financial health, focusing on liquidity and cash flow, while assessing the potential for asset sales and global credit risk. You'll use your financial acumen to ensure BECU's continued security.

• Workout & Legal Compliance: Ensure timely resolution of workouts and maintain compliance with legal requirements to protect the credit union's position. Your expertise in TDR regulations, non-accrual, and charge-offs will help safeguard our assets.

• Project Viability & Credit Verification: Collaborate with credit analysts to assess the viability of projects and ensure accurate verification. Your insights will be critical in making informed decisions about loan restructuring and risk management.

• Legal Counsel Collaboration: Consult with legal counsel both inside and outside BECU to perfect collateral and develop strategies for protecting the credit union's interests. Your advice will guide the legal process to minimize potential risks.

• Modification & Forbearance Approvals: Present modification or forbearance requests to the appropriate authorities for approval. Your strategic input will ensure that decisions align with BECU's goals and policies.

• Feedback for Future Loan Structuring: Provide feedback to Underwriting and Credit Administration to assist in structuring future loan requests. Your insights will shape how loans are approached, inspected, and underwritten in the future.

• Strategic Leadership & Collaboration: Collaborate with the Director of Business Credit Administration and the Chief Credit Officer to develop the most effective strategies for individual workouts. Your leadership will help align team efforts toward success.

• Regulatory Compliance & Documentation: Ensure compliance with federal and state regulations, and coordinate with other departments to ensure adherence. Your efforts will help keep BECU's operations aligned with industry standards.

• Operational Reporting & Documentation: Maintain operational audit reports and statistical records to ensure transparency and compliance. You'll be responsible for keeping necessary records up-to-date and ensuring they are easily accessible.

This isn't just about ticking off tasks on a list. It's about making a significant, positive change in BECU's journey, where your contributions are valued, and your growth is continually fostered.

WHAT YOU'LL GAIN:

• A chance to directly impact BECU's financial stability and future success.

• Opportunities to work alongside leadership to shape commercial lending strategies.

• Access to professional development and career growth opportunities.

• A collaborative environment where your expertise is valued and applied.

• Competitive compensation and benefits that reflect your contributions.

• A chance to build lasting relationships with both internal teams and external stakeholders.

QUALIFICATIONS:

Minimum Qualifications:

• Bachelor's degree in business, or equivalent work or education related experience.

• Minimum 10 years of experience in commercial real estate, including special credits workout, negotiating complex loans including bankruptcies, foreclosures and multiple-owner properties.

• Minimum 5 years of experience underwriting high-risk, complex commercial loans in a fast-paced, high-growth financial institution.

Desired Qualifications:

• Master's degree

• Experience with commercial and industrial (C & I) lending.

• Demonstrated ability to understand key market trends and be proactive in evaluating potential market risk and knowledge of trends and developments in the business credit environment.

• Demonstrated analytical and work out skills.

• Experience working with appraisal valuations and property evaluation, risk rating systems, non-accrual and charge-off processes, regulatory requirements related to business lending and services Troubled Debt Restructure (TDR) requirements and administration.

• Understanding of financial institution departments with business lending responsibilities.

• Project management, leadership and negotiation skills.

JOIN THE JOURNEY

Ready to make an indelible impact? Eager to be a part of a collaborative and innovative team where your ideas and contributions don't just fill a role, but fuel the growth and success of BECU? This is more than a job - it's a chance to elevate your career, skills, and future, all while contributing to the robust financial landscape of BECU.

Embrace the opportunity to grow with us. Apply now, bring your expertise to the table, and let's achieve excellence together at BECU. Your journey of influence, innovation, and impactful contribution starts now. #BECU #YourGrowth #BECUJourney

BECU is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status.