Special Assets Officer

Busey

Special Assets Officer managing distressed commercial loan portfolios for Busey Bank. Developing recovery strategies, restructuring repayment terms, and maximizing loan recoveries.

Posted 8/12/2026full-timeChampaign • Illinois, New Mexico, Texas • 🇺🇸 United StatesMid-LevelSenior💰 $103,000 - $134,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

Use this summary to align your resume positioning with the role.

Demonstrates expertise in managing complex commercial loans, developing effective collection strategies, and negotiating repayment terms with borrowers. Proficient in analyzing credit structures and ensuring compliance with regulatory requirements.

Highest-signal resume keywords

Commercial Loan ManagementCollection Strategy DevelopmentNegotiation SkillsCredit AnalysisBSA Compliance

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Credit TrainingComplex Credit KnowledgeCollateral ValuationRegulatory KnowledgeLoan Policy UnderstandingFinancial AnalysisProblem SolvingDecision MakingTime ManagementReporting

Soft Skills

Strong Communication SkillsPersuasivenessIndependenceAttention to DetailAbility to Work Under Pressure

Tools & Technologies

Microsoft Office

Certifications & Qualifications

NMLS Registration

Industry Keywords

Commercial LendingReal Estate LendingConsumer LendingRegulatory AgenciesThird-Party Loan ReviewInternal AuditorsExternal AuditorsAppraisal GuidelinesClassified AssetsCriticized Assets

About the role

Key responsibilities & impact

Manage and monitor a portfolio of complex commercial loans
Develop collection strategies and action plans for problematic loans
Prepare detailed analyses and recommendations for collection and action plans
Negotiate with borrowers, attorneys, and companies to review and restructure credit and repayment terms
Implement recovery plans that minimize risk and loss to the bank
Provide timely and accurate reporting to the Special Assets Manager
Interact with commercial bank customers experiencing financial distress with tact and persuasiveness
Interact with lawyers and other outside professionals to set and pursue the Bank’s agenda
Minimize out-of-pocket legal and non-legal expenses from debtors whenever possible
Maximize loan recoveries and fee income
Ensure BSA compliance

Requirements

What you’ll need

Bachelor’s degree in Accounting or Finance or equivalent experience
Formal credit training
3+ years of direct special assets experience
Strong oral and written communication skills
Knowledge of commercial, real estate, and consumer lending, particularly credit structure and loan policy
Knowledge of complex credits and collateral valuation/liquidation
Knowledge of regulatory agencies, third-party loan review, and internal/external auditors
Knowledge of legal/regulatory requirements pertaining to banking and collections
Knowledge of regulatory guidelines regarding appraisal/re-appraisal and policies affecting classified/criticized assets
Strong negotiation skills
Ability to analyze credit and develop and negotiate repayment terms with companies and high net worth individuals
Ability to work independently and prioritize daily workflow
Ability to analyze and solve problems without precedents
Ability to maintain visual attention and mental concentration for extended periods
Ability to perform duties and make decisions under frequent time pressures
Current NMLS registration if lending
Knowledge of Microsoft Office

Benefits

Comp & perks

Bonus or incentives based on company and individual performance may be available
401(k) match
Profit sharing
Employee stock purchase plan
Paid time off
Medical insurance
Dental insurance
Vision insurance
Company-paid life insurance
Company-paid long-term disability
Supplemental voluntary life insurance
Short-term disability
Long-term disability
Wellness incentives
Employee assistance program
Pre-tax health savings accounts
Flexible spending accounts