SBA Managed Assets Specialist

What you'll do:

• Maximize recoveries and minimize losses on problem assets in accordance with bank’s policy
• Work with counsel to manage litigation risks with a goal of minimizing the reputational and financial impact to GHB
• Manage problem asset strategies, workout negotiations, and restructuring and exit strategies including regular evaluation of the intrinsic values of problem asset collateral, enterprise valuations, and monitoring of secondary distressed debt markets
• Work in partnership with First Line of Defense to provide advice on strategy and methods for achieving the optimum results on recovery and/or restructuring of exposures
• Manage, in partnership with First Line of Defense to contribute problem asset expertise to develop strategy to further GHB’s strategy to maximize recoveries and lead coalescence around a strategy
• Coordinate with counsel (internal and/or external), financial advisors, technical advisors and creditors to develop cohesive strategies
• In parallel with default-rated exposures, oversee as Second Line of Defense a portfolio of Substandard Accrual exposures on GHB’s credit watch list employing workout expertise to benefit from early intervention on problem assets. This will include but is not limited to preparing for assigned portfolio counterparties risk comments on annual reviews and conducting quarterly watch list reviews and writing minutes
• Ensure LGDs, ratings, and classifications are accurate and reflect the current risk profile on each relationship in accordance with regulatory and bank policies
• Effectively communicate externally with agents, participants, counsels, financial advisors, and clients and internally with peers and senior management
• Manage external advisors retained by GHB to effectively execute on work scope and strategies
• Ensure that material information is communicated in a timely fashion and workout activities are coordinated internally
• Perform as part of an integrated team by backing up and supporting fellow team members
• Prepare closing memos with “lessons learned” when workouts are completed
• Work on special projects, as assigned

What you need:

• 7-10 years minimum of commercial loan workout and restructuring experience, with a focus on SBA loans.
• Expert knowledge of SBA lending policies, SOPs, and liquidation processes.
• Proficient in financial analysis, risk assessment, and asset valuation.
• Strong background in commercial bankruptcy law, litigation, and regulatory compliance.
• Proven success in negotiating complex workout agreements and exit strategies.
• Excellent communication and relationship management skills.
• High integrity with strong analytical and problem-solving abilities.

About
Grasshopper is a client-first digital bank serving small businesses, startups, and investors supporting them across the innovation economy. Our digital solutions cover small business, venture-backed companies, fintech-focused Banking-as-a-Service (BaaS) and commercial API banking platforms, SBA lending, commercial real estate lending, and yacht financing. Privately owned and headquartered in New York City, the bank is a Federal Deposit Insurance Corporation member and is an Equal Housing/Equal Opportunity Lender.We're always looking for talented, driven, visionary people to join our team. If you don't see the job that fits your skillset, please send your resume to [email protected].