Special Assets Manager

Bank of Clarke

Special Assets Manager overseeing all aspects of collections, recovery, and management of special assets at Bank of Clarke. Leading strategy and operational execution to optimize asset recovery and ensure financial health.

Posted 6/24/2026full-timeWinchester • Virginia • 🇺🇸 United StatesSeniorLeadWebsite

About the role

Key responsibilities & impact

Develop and implement strategies for collections and special assets.
Align departmental goals with organizational objectives.
Lead a high-performing team with a focus on accountability and continuous improvement.
Oversee collections of delinquent accounts and restructuring troubled credits.
Manage disposition of special assets including NPLs, foreclosed properties, and repossessed collateral.
Supervise valuation, impairment analysis, and timely disposition of non-performing assets.
Create and update policies and procedures for collections and special assets.
Ensure compliance with laws, regulations, and internal risk standards.
Coordinate with legal and compliance teams to minimize legal exposure.
Represent the organization in audits, regulatory exams, and external reporting.
Monitor performance metrics and analyze portfolio trends.
Prepare executive-level reports on collections, recoveries, and reserves.
Develop early warning systems for credit deterioration.
Establish and track KPIs for collections and asset recovery.
Recruit, mentor, and train collections and asset management staff.
Provide ongoing training to ensure adherence to best practices and regulatory standards.
Act as escalation point for complex or high-value recovery cases.
Collaborate with senior leaders across Credit Risk, Lending, Legal, and Operations.
Ensure seamless integration of collections and asset management strategies.
Manage relationships with external vendors (e.g., collection agencies, law firms, appraisers, auctioneers).
Maximize asset recovery and control costs.
Lead or support M&A due diligence, portfolio sales, stress testing, and crisis response to credit events.
Drive innovation in recovery strategies using technology, automation, and analytics.

Requirements

What you’ll need

Education: Bachelor’s degree in finance, Business Administration, Accounting, or related field required. Master’s degree or advanced certifications (e.g., CPA, CFA, CFE) strongly preferred.
Minimum of 7–10 years of commercial credit, collections, or special assets experience.
Prior experience managing criticized/classified credits and complex loan workouts required.
Supervisory or leadership experience preferred.
Strong knowledge of commercial lending, loan documentation, and collateral structures.
Working knowledge of bankruptcy, foreclosure, and collections law.
Ability to analyze financial information and assess borrower viability and repayment capacity.
Strong judgment and decision-making skills in high-risk situations.
Excellent communication skills, with ability to present clearly to senior management and the Board.
High level of organization and attention to detail.

Benefits

Comp & perks

Offering a full suite of benefits including medical, life, dental, and vision insurance plus generous paid time off.
Supporting associates and their families; we embrace the importance of caring for oneself and our families.
Surrounding ourselves with smart, driven, and diverse individuals.
Valuing integrity, commitment regarding our daily duties, and the Bank as a whole.
Supporting local philanthropic, cultural, and artistic initiatives and organizations that our employees’ value.
Devoted to the communities in which we serve as we help those who form the creative backbone of our market’s future economy and business value.
Bank of Clarke is “Great Place to Work” Certified through June 2025.
“Top Virginia Employer for Interns” award recipient (2023, 2024, 2025, 2026) through Virginia Talent and Opportunity Partnership (V-TOP.)

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Hard Skills & Tools

collections strategiesasset managementfinancial analysisKPI trackingportfolio analysisloan workoutsimpairment analysiscredit risk assessmentbankruptcy lawforeclosure law

Soft Skills

leadershipcommunicationdecision-makingorganizational skillsattention to detailmentoringaccountabilitycontinuous improvementcollaborationproblem-solving

Certifications

Bachelor’s degreeMaster’s degreeCPACFACFE