Sr Special Assets Loan Officer Specialist

Job Description

Job DescriptionDescription:

The CBS Difference

Cooperative Business Services offers a comprehensive, end-to-end commercial lending solution that empowers financial institutions with cutting-edge software, expert services, and strategic business development resources. Additionally, we support borrowers by providing tailored business loans designed to fuel growth and success. With a focus on innovation and collaboration, CBS ensures seamless processes and enhanced opportunities for lenders and borrowers alike.

At CBS, our goal is to set the standard for excellence in business lending. We strive to be the best — in our processes, in our service, and in the results, we help our clients achieve. We’re deeply committed to serving our partner credit unions and borrowers with integrity, precision, and a shared vision for sustainable growth.

Join us on this journey as we continue to transform the future of commercial lending.

Your Role in Our Success

The Senior Special Assets Loan Officer Specialist serves as a developmental role within the Special Assets team, providing advanced support to Special Assets Loan Officers in the oversight of distressed and non-performing loans. The responsibilities of this position focus on distressed loans, legal and compliance, loan and collateral management, reporting, and internal and external communication and support.

Here’s how you will make an impact:

• Coordinate with external counsel and other third parties on matters related to special assets.
• Support the preparation and review of legal documentation to ensure accuracy and compliance with internal policies and regulatory requirements.
• Review loan and collateral reports for accuracy and completeness.
• Maintain and update loan records in internal systems and databases
• Act as a point of contact for borrower and credit union communications.
• Assist with property value assessments and collateral reviews.
• Prepare memos and requests for borrowers and credit unions, ensuring data accuracy.
• Assist credit unions with Current Expected Credit Losses (CECL) accounting for collateral-dependent loans.
• Generate, prepare, and distribute monthly, quarterly, and ad hoc reports for internal models and credit unions
• Provide direct day-to-day support to Special Assets Loan Officers in managing distressed and non-performing loan portfolios.
• Assist with tracking loan performance, risk migration strategies, and resolution progress.
• Maintain organized documentation and workflow processes to support efficient portfolio management.

Requirements:

What You Bring to the Table

• Bachelor’s degree in Finance, Accounting, Business Administration, Economics, Real Estate
• 5+ years of experience in banking, credit analysis, loan servicing, or portfolio management.
• Knowledge of distressed loans, credit risk, or special assets strongly preferred.
• Proficiency in Microsoft Office Suites; experience with workflows; experience in Fiserv, Abrigo Sageworks, and SBA lending a plus.

The Perks of Being with Us

At Cooperative Business Services, we believe in creating an environment where you can thrive both personally and professionally. Here’s what you can look forward to as a valued member of our team.

• Compensation: Base compensation for this role ranges from $70,000 - $ $90,000.
• Remote Work Environment
• Generous Holidays: Take advantage of 13 paid holidays each year
• Comprehensive Insurance Coverage: Choose from a selection of medical, dental, vision, and supplemental benefit plans to suit your needs. Additionally, the company provides company-paid Short-Term Disability (STD), Long-Term Disability (LTD), and life insurance equivalent to 1 time your salary.
• 401(k) Plan: The company provides a generous matching contribution of up to 6%.
• Tuition Assistance