SBA Special Assets Officer
RemoteUtah, United States
Job Summary
Manage a portfolio of defaulted SBA loans through the entire liquidation lifecycle, coordinating judicial foreclosures, bankruptcy cases, and litigation with outside counsel. Evaluate collateral positions to develop liquidation strategies that maximize recoveries while negotiating workouts, modifications, and settlements. Prepare SBA-required liquidation plans, purchase packages, and guaranty repair documentation, ensuring strict compliance with SBA SOP requirements and banking regulations. Monitor foreclosure timelines and legal milestones, order property valuations and inspections, and coordinate asset liquidations with brokers and auctioneers. Collaborate with Credit Administration, Legal, and external agencies to facilitate resolutions and prepare management reports on portfolio performance.
Required Qualifications
- 5+ years of experience managing SBA loan liquidations, special assets, commercial collections, or loan servicing
- 5+ years of direct experience handling judicial foreclosures involving commercial real estate
- Extensive knowledge of SBA 7(a) loan servicing and liquidation requirements, including SOP 50 57 (or current version)
- Experience with OREO processes and disposition
- Experience working with attorneys, bankruptcy trustees, receivers, and court systems
- Strong understanding of commercial lending, collateral valuation, UCC filings, bankruptcy, receiverships, and foreclosure law across multiple jurisdictions
- Excellent negotiation, analytical, and decision-making skills
- Strong organizational skills with the ability to manage multiple high-risk loans simultaneously
- Proficiency with loan servicing systems, Microsoft Office Suite, and document management software
- Must be able to read, write and understand fluent English
- Work either a fully Onsite, Hybrid or Remote work model
- All employees, regardless of location, may be required to travel to the Salt Lake City office for mandatory company meetings, events, or related occasions
Desired Qualifications
- Bachelor's degree in Business Administration, Finance, Accounting, Legal Studies, or related field preferred (equivalent experience considered)
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