About

• First Western is seeking a Special Assets Manager to join our team!
• Are you looking for a challenging and rewarding opportunity? First Western is seeking a passionate and experienced professional to join our team.
• As a Special Assets Manager at First Western, you will play a vital role in helping high-net-worth clients achieve their financial goals. You will work closely with our Credit Administration team to deliver comprehensive solutions that exceed client expectations.
• If you are passionate about providing exceptional service to clients and are looking for a challenging and rewarding opportunity, we encourage you to apply for this position today.

What You Will Do

• Analyzes and executes actions on assigned problem loans and determines the most efficient and effective method for maximizing financial recovery.
• Identifies and pursues loan workout strategies for problem loans and provides effective communication to management on recommendations and actions.
• Evaluates borrower’s ability to resolve problem loan, negotiates forbearance and settlement agreements, restructuring of credit and repayment terms with clients, and attorneys to secure appropriate workout arrangements.
• Maintains regular communication with PLC, senior members of bank management, and credit administration while preparing PLC packets for distribution.
• Manages delinquent loan payments and works with PC’s for resolution.
• Issues default and demand letters, monitors adherence to terms of workout agreements, and initiates appropriate collection activities.
• Conducts site inspections, evaluates, protects, and disposes of collateral.
• Preparing PLC and collateral value assessment and analysis memos for designated problem loans.
• Evaluates collateral position to better secure loan and establish recourse to other borrower assets against the possibility of charge off.
• Act as Liaison between the Credit department and Finance on matters effective problem loans.
• Must have ability to identify when needed and conduct ASC analysis.

What You Bring

• Credit analysis skills
• Knowledge of loan accounting
• Understanding of loan workout liquidation policies and procedures
• Good negotiation and communication skills (verbal and written)
• Thorough knowledge of loan documentation and other legal documents
• Knowledge of legal and bankruptcy concepts
• Accurate keyboarding skills, strong Microsoft skills
• Education Level Education/Degree Details Required or Preferred
• Bachelor's Degree Business, Finance, Accounting, Economics, or a related field Required
• Experience Length Experience Details Required or Preferred
• 7-10 years Experience in consumer and commercial loan workout, collection, and recovery Required

What You Receive

• At First Western, we pride ourselves on our culture of innovation, teamwork, and continuous learning. We are committed to providing our employees with the tools and resources they need to succeed, including ongoing training and development, a competitive compensation package, and a comprehensive benefits program.
• Pay Range: $108,000 - $173,000/YR
• Job Classification: Full-Time Exempt
• *Actual offer will be based on experience, location, education, and/or skills*
• - Strong Bonus Potential
• - 401(k) Plan with Match
• - Paid Parking/Transportation Benefits
• - Access to Training & Professional Development Programs
• - Sponsorship for Obtaining Professional Certifications
• - Flex Spending Accounts
• - Health Savings Account
• - Health & Wellness Benefits
• - Paid Time-Off+ Bank Holidays
• Interested in learning more and seeing how we connect? Visit us today at: https://myfw.com/careers/

• Questions? Contact us at Talent.Management@myfw.com

• First Western Financial, Inc. is proud to be an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive and safe environment for all employees. We are fully committed to achieving a diverse workforce by hiring, developing, and retaining talented people from different backgrounds, experiences, abilities, and perspectives. Individuals from all backgrounds, including non-traditional backgrounds, historically marginalized, or underrepresented groups are strongly encouraged to apply.
• First Western Financial, Inc. is committed to the full inclusion of all qualified individuals. In keeping with our commitment, First Western Financial, Inc. will take the steps to assure that people with disabilities are provided reasonable accommodations. Accordingly, if reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the position, and/or to receive all other benefits and privileges of employment, please contact Talent.Management@myfw.com.
• Region A Pay Range
• Pay Range
• $108,000—$173,000 USD