Vice President, Special Assets Team
Vice President - Special Assets
Location: Albuquerque, NM (Hybrid; primarily onsite)
Relocation: Supported
Visa: No sponsorship available
Compensation: $165,300 - $220,400 base + up to 20% annual incentive
Position Overview
The Vice President of Special Assets will lead Loss Mitigation and Asset Recovery functions, driving performance and transformation during a significant growth phase. This role is critical in building strategies to minimize losses across mortgage, consumer, and small business loan portfolios while ensuring compliance and operational excellence.
Key Responsibilities
- Oversee Special Assets team, including Loss Mitigation and Asset Recovery departments.
- Develop and implement strategies to reduce delinquency and improve recovery outcomes.
- Drive organizational transformation and implement technologies to reduce administrative burden.
- Manage and scale teams, including hiring and on boarding additional Loss Mitigation representatives.
- Collaborate closely with senior leadership, including the Chief Risk Officer and VP of Risk.
- Monitor collections metrics, analyze portfolio performance, and present executive-level reports.
- Ensure compliance with regulatory requirements and internal policies.
- Establish and maintain relationships with third-party vendors, collection agencies, and legal counsel.
Ideal Candidate Profile
- Extensive experience in financial services, with expertise in collections, foreclosures, and mortgage workouts.
- Proven leadership in managing large teams and driving continuous improvement.
- Strong knowledge of consumer lending, SBA financing, and regulatory compliance (FDCPA, SCRA).
- Skilled in negotiation, conflict resolution, and strategic planning.
- Comfortable in a feedback-driven, high-performance culture.
Qualifications
- Bachelor's degree in business or related field; advanced degree preferred.
- Minimum 12 years in collections, asset recovery, or related leadership roles.
- Strong financial acumen, including budgeting, forecasting, and P&L management.
- Proficiency in Microsoft Office and familiarity with digital communication tools.
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