VP Special Assets – Evansville, IN

Department: Main Office

Job Status: Full Time

FLSA Status: Exempt


Work Schedule: 40 hours per week

Location: Headquarters – Evansville, IN

Reports To: EVP of Credit

Amount of Travel Required: Periodic On-site visits

Positions Supervised: None


To assist the EVP of Credit with problem asset administration, including problem assets of all regions. Manage accounts and proactively facilitate the resolution of problem loans and other real estate owned, in a cost effective manner.  Minimizes potential losses to the bank by identifying areas of concern, opportunities, reports on potential and/or known issues, recommends process improvements and implements solutions to existing programs in accordance with risk management objectives and corporate budgets.


Reasonable Accommodations Statement

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable Accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

Essential Functions Statement(s)

  • Evaluate cash flow, financial position, guarantor support, and collateral position to determine most effective strategy to maximize collection amount and timeliness.
  • Perform extensive analysis on business and loan risks and apply proper relationship management to either collect all balances and/or rehabilitate relationship.
  • Maintain regular contact with borrowers and/or guarantor and motivate the client to perform on credit contract.
  • Recommend and implement legal action, if necessary, upon default (i.e. foreclosure, levies, attachments, bankruptcies), while ensuring proper collection procedures and techniques are followed and documented in accordance with local, state and federal laws and regulations.
  • Act as liaison between the bank and counsel to ensure legal process is initiated in a timely manner and will perform required actions in accordance to instructions.
  • Review loan documentation or determine perfection of lien and claims against borrowers and guarantors are valid.
  • Ensure collateral is properly insured, free of delinquent taxes and preserved from hazards or damage.
  • Maintain updated collection reports and account communication records on classified loans.
  • Initiate timely recovery actions against charge-off loans and will establish repayment programs, negotiate settlements or legal actions in an effort to recover bank loses.


Competency Statement(s)

  • Accuracy – Ability to perform work accurately and thoroughly.
  • Active Listening – Ability to actively attend to, convey, and understand the comments and questions of others.
  • Communication – both verbal and written – Ability to communicate effectively with others.
  • Problem analysis and problem solving skills.
  • Detail Oriented – Ability to pay attention to the minute details of a project or task.
  • Ethical – Ability to demonstrate conducts conforming to a set of values and accepted standards.
  • Organized – Possessing the trait of being organized or following a systematic method of performing a task.
  • Customer Oriented – Ability to take care of the customers’ needs while following company procedures.
  • Honesty / Integrity – Ability to be truthful and be seen as credible in the workplace.
  • Accountability – Ability to accept responsibility and account for his/her actions.
  • Decision Making – Ability to make critical decisions while following company procedures.


Education: Bachelors’ Degree in Business Administration or Fiancé or equivalent work experience.

Experience: Must have at least 7 to 9 years’ experience in a commercial workout or commercial banking environment. Prior experience must include direct customer contact.

Computer Skills: Must have extensive PC abilities and good working knowledge of Microsoft Office.

Work Environment: Office Environment