Special Assets Officer

Old National Bank • Beachwood, OH • 14h ago

Special Assets Officer
Job Locations
US-IN-Evansville | US-IL-Chicago | US-WI-Madison | US-MN-Lake Elmo | US-MI-Troy | US-IN-Indianapolis | US-TN-Nashville | US-KY-Louisville | US-IL-Hickory Hills | US-OH-Beachwood | US-IL-Gurnee | ...
Category/Function
Lending/Commercial/Consumer/Credit
Position Type
Regular Full-Time
Requisition ID
2025-17745
Workplace Type
On Site
Salary Min
USD $60,000.00/Yr.
Salary Max
USD $121,300.00/Yr.
Overview
Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.
We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.
Responsibilities
Salary Range
The salary range for this position is $60,000 - $121,300 per year. Final compensation will be determined by location, skills, experience, qualifications and the career level at which the position is filled.
We are currently seeking Special Assets Officer that will work under the direction of the Credit Division to develop and implement strategies for loans moved into the Special Assets Department. The Special Assets Officer will work with customers to achieve a desired resolution to mitigate risk and maximize recovery to the bank. A Special Assets officer will be responsible for managing an ever-changing portfolio of troubled loans and will be expected to report the status of each of their clients to senior management no less than once per quarter. Experience with large commercial CRE and C&I credits would be helpful.
We are an in-office working environment. This position can be based anywhere in our midwest footprint such as Evansville IN, Chicago near Rosemont, Lincoln Park in Chicago, Hickory Hills IL, Plainfield IL, St Paul MN, Indianapolis Parkwood Offices, Troy MI, Nashville downtown, Milwaukee on Capital Drive, Beachwood OH, or Louisville on West Market Street.
Key Accountabilities
Portfolio Management
Review identified problem asset and assess bank's leverage and vulnerabilities and identify possible workout or exit strategies along with implications to those decisions.
Must be able to perform detailed reviews of a client's legal file to understand the bank's rights under the loan documents. This includes the ability to perform collateral evaluations which includes, but is not limited to, collateral valuations and determining lien position.
Meet with customers, attorneys, realtors, auctioneers, appraisers, and many other business professionals in order to resolve troubled assets.
Understand the financial capacity of the client. This includes, but is not limited to, the ability to review and understand financial statements to help determine the client's ability to repay the loan.
Achieve Collection goals and other measured targets
Works to achieve individual goals established within the Sp

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