Senior Special Assets Analyst
Dominion Financial
full-time
Posted on:
Location Type: Remote
Location: Remote • 🇺🇸 United States
Visit company websiteJob Level
Senior
About the role
- Oversight of past-due and non-performing loan accounts.
- Protect DFS’s portfolio by minimizing lender losses while balancing borrower needs.
- Provide compliance oversight and ensure adherence to internal policies.
- Collaborate cross-departmentally to maintain strong portfolio management practices.
- Guide the Special Assets team through data analysis, reporting, and vendor management.
- Conduct comprehensive reviews of non-performing and underperforming loans to assess risk exposure, collateral value, and borrower capacity.
- Research complex loan issues including title defects, lien priority disputes, HOA matters, tax delinquencies, and insurance lapses.
- Develop and recommend workout strategies including loan modifications, forbearance agreements, discounted payoffs, deeds-in-lieu, and short sales.
- Analyze financial statements, appraisals, property inspections, and market data to inform decision-making.
- Prepare detailed loan summaries and action plans for management review and approval.
- Oversee foreclosure proceedings across multiple jurisdictions, ensuring compliance with state-specific laws and timelines.
- Coordinate with external legal counsel on foreclosure filings, bankruptcy matters, and litigation.
- Monitor legal matter progress, review attorney invoices for accuracy, and maintain foreclosure timeline documentation.
- Manage REO (Real Estate Owned) properties including vendor coordination, property preservation, marketing strategies, and asset disposition.
- Research and resolve title issues, lien releases, and property encumbrances that impede foreclosure or sale processes.
- Design, implement, and maintain Salesforce workflows for special assets tracking, reporting, and case management.
Requirements
- 5+ years of directly related professional experience in a commercial lending environment.
- Proven ability to present ideas and recommendations to executive management.
- Thorough knowledge of RTL and DSCR loans, accounting, financial statement analysis, cash flow, and credit workouts.
- Strong understanding of financial and legal processes in commercial lending.
- Proficiency with Microsoft Office (Excel, Word).
- Bachelor’s degree in a related field required.
Benefits
- Health insurance
- Dental insurance
- Vision insurance
- 401(k)
- 401(k) matching
- Paid time off
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
data analysisfinancial statement analysiscash flow analysiscredit workoutsloan modificationsforbearance agreementsdiscounted payoffsdeeds-in-lieushort salesportfolio management
Soft skills
collaborationcommunicationpresentation skillsproblem-solvingrisk assessment