Job Description:

Job Summary

The Special Asset Department Administrative Officer is responsible for the timely administrative monitoring, reporting, and management support of problem loan credits and bank-owned assets assigned to the Special Assets Department.  Other duties for this position include a close focus on the acquisition, disposal, and reporting on all foreclosed properties that are Other Real Estate Owned (OREO), assisting in the review of loan work-out documentation, filing of supporting work-out and updated client information in workout files, loan portfolio doc preparation, processing of loan renewals, payments and pay-offs, and assisting the Special Assets Manager and Chief Credit Officer with quarterly Allowance for Loan and Lease Losses (ALLL) updates.

Key Responsibilities / Essential Functions

• Disseminates loan documentation and information to bank attorneys on loans secured by real estate that will likely result in future foreclosure actions, including related lawsuit and deficiency filings and bankruptcy proceedings. 


• Assists in reviewing demand letters prepared by bank attorneys and prepares foreclosure bids to be reviewed with the Special Assets Manager prior to any scheduled foreclosure date.


• Accurately assembles, organizes, and updates OREO files and commercial credit workout files.


• Reviews and processes vendor billings, including legal bill invoices, OREO vendor invoices, and the timely payment of property taxes and other municipal assessments when due.


• Works with bank personnel to order ESA reports, surveys, and pre- and post-foreclosure property appraisal reports as required by bank policy.


• Completes the acquisition and final resolution-disposal of OREO assets in a timely and efficient manner that maximizes the recovery of bank capital while minimizing the negative impact to bank earnings. 


• Proactively lists, markets, and sells OREO property assets via negotiations with buyers, brokers, agents, and auction companies, which includes the review and execution of OREO sales contracts and related documentation.


• Works with outside inspection-maintenance vendors to monitor and maintain the condition of OREO assets, including making needed repairs and addressing life-safety issues that may be identified from time to time.


• Orders, reviews, and saves inspection reports and other related documentation in the respective OREO files.


• Assists Special Assets Manager and Chief Credit Officer with preparation of quarterly


• Maintain confidentiality and security of sensitive information


• ALLL loan impairment testing in accordance with bank policies and procedures.  

Job Requirements:

Education:

• Associate degree in business, finance, or legal profession required. 

Required:

• 5+ years of experience in banking and/or legal.


• In-depth knowledge of banking regulations, real estate law, foreclosure process, bankruptcy law, and special assets with a heavy concentration in commercial real estate and/or small business banking.


• Ability to understand and use bank policies and procedures to ensure regulatory compliance and when an exception is required. 


• Knowledge of legal concepts with an emphasis on commercial transactions.


• Strong organizational skills, ability to prioritize tasks, and results oriented.


• Strong attention to detail with high degree of accuracy.


• Self-starter with ability to work independently with little or no supervision.


• Strong interpersonal, written communication, and listening skills.


• Proficient in Microsoft Office products.

Preferred:

• Paralegal experience. 

About HomeTrust Bank

HomeTrust Bank, founded in 1926, is a North Carolina chartered, community-focused financial institution committed to providing value-added community banking through online/mobile channels and multiple locations in Virginia, North Carolina, South Carolina, and Tennessee. Learn more at www.htb.com. Apply today to take your first steps towards joining this talented population of employees within a growing organization. 

Work Environment, Physical Requirements  

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job.  HomeTrust Bank promotes an equal employment opportunity workplace which includes reasonable accommodation of qualified applicants and employees.

• This job operates in a professional office environment and routinely uses standard office equipment such as computers, phones, photocopiers, and fax machines.


• Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus.


• Physical activity requiring reaching, sifting, lifting up to 25 lbs., finger dexterity, grasping, feeling, repetitive motions, talking and hearing are required.


• The employee will frequently communicate and must be able to exchange accurate information with others.


• The employee may need to move around their office to attend meetings and to access files, machinery or other job-related tools.

DISCLAIMER:  HomeTrust Bank is an evolving company.  As such this job description is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job.  While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.

HomeTrust Bank values and promotes diversity and inclusion in every aspect of our business and at every level within the company. We recruit, hire, and promote employees based on their individual ability and experience and in accordance with Affirmative Action and Equal Employment Opportunity laws and regulations. Our policy is that we do not discriminate on the basis of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, physical or mental disability, pregnancy, marital status, status as a protected veteran, or any other status protected by federal, state, or local law.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

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