Special Assets Officer (Recovery)

The Special Assets Officer supports the Credit Union’s asset recovery efforts in alignment with its mission and strategic objectives. This position is responsible for handling a variety of distressed asset situations, including residential and commercial collections and foreclosures. This position coordinates collateral recovery with approved third party service providers and ensures compliance with all collateral preservation requirements—such as inspections, maturities, covenant monitoring, and financial reporting—and assists in preparing Credit Union owned assets for disposition.

Duties also involve reviewing credit application and analysis, collateral, SBA, and legal documentation to assess collateral position, identify discrepancies, and minimize risk exposure.