Job Information
OLD NATIONAL BANK Special Assets Officer in MILWAUKEE, Wisconsin
JOB REQUIREMENTS: Special Assets Officer Job Locations US-IL-Chicago \| US-MN-St Paul \| US-MN-Eden Prairie \| US-WI-Milwaukee \| US-IN-Indianapolis \| US-IL-Hickory Hills \| US-IL-Plainfield \| US-IN-Evansville Category/Function Lending/Commercial/Consumer/Credit Position Type Regular Full-Time Requisition ID 2024-14852 Workplace Type On Site Overview Old National Bank has been serving clients and communities since 1834. With \$48 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. Our team members are our greatest asset, and we continually invest in their growth and development. We offer a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. Special Assets Officers work under the direction of the Credit Division to develop and implement strategies for loans moved into the Special Assets Department. The Special Assets Officer will work with customers to achieve a desired resolution to mitigate risk and maximize recovery to the bank. A Special Assets officer will be responsible for managing an ever-changing portfolio of troubled loans and will be expected to report the status of each of their clients to senior management no less than once per quarter. Office locations are various in Mnpls/St Paul, Madison WI, Milwaukee Huron Building, Plainfield IL, Hickory Hills IL, 8750 West Bryn Mawr Chicago IL, Indianapolis Parwood Offices, and Evansville IN. We are in-office environment. Key Accountabilities Portfolio Management Review identified problem asset and assess bank\'s leverage and vulnerabilities and identify possible workout or exit strategies along with implications to those decisions. Must be able to perform detailed reviews of a client\'s legal file to understand the bank\'s rights under the loan documents. This includes the ability to perform collateral evaluations which includes, but is not limited to, collateral valuations and determining lien position. Meet with customers, attorneys, realtors, auctioneers, appraisers, and many other business professionals in order to resolve troubled assets. Understand the financial capacity of the client. This includes, but is not limited to, the ability to review and understand financial statements to help determine the client\'s ability to repay the loan. Achieve Collection goals and other measured targets Works to achieve individual goals established within the Special Assets Department. This includes, but is not limited to, individual Collection Goals, Fee Collection Goals, Delinquency Goals, and Financial... For full info follow application link. EOE/Minorities/Females/Vet/Disability ***** APPLICATION INSTRUCTIONS: Apply Online: ipc.us/t/60A64F01DEB04404