Special Assets Officer I Job at BOK Financial, Tulsa, OK

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  • BOK Financial
  • Tulsa, OK

Job Description

Req ID:  75714 

Location:   Tulsa -TUL, Dallas -DAL  

Areas of Interest:  Credit Administration; Accounting; Collections; Commercial Analyst; Commercial Banking; Commercial Banking, Business Banking; Commercial Banking, Commercial Real Estate; Commercial Banking, Energy; Commercial Banking, Food and Commodities; Commercial Banking, Health Care; Commercial Banking, Heavy Equipment; Commercial Banking, Syndications; Commercial Credit Analyst; Lending; Loss Prevention; Portfolio Management; Professional; Relationship Management; Underwriting  

Pay Transparency Salary Range:   Not Available  

Application Deadline:  03/31/2025

BOK Financial Corporation Group includes BOKF, NA; BOK Financial Securities, Inc. and BOK Financial Private Wealth, Inc. BOKF, NA operates TransFund and Cavanal Hill Investment Management, Inc. BOKF, NA operates banking divisions: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas and BOK Financial®.

Bonus Type

Formula Based

Summary

Our Credit Administration team expertly manages the bank’s credit risk and ensures the quality of our loan portfolio. They oversee credit approvals, continuously monitor loan performance, and ensure strict compliance with policies and regulations. By maintaining strong asset quality and minimizing credit losses, this team plays a crucial role in supporting the bank’s overall objectives.

Job Description

The Special Assets II position has a primary responsibility for management of troubled commercial loans, to better secure with collateral, equity, or other assets of the borrower, and other activities designed to preserve the loan principal, gather interest as possible, and prevent the loan from being charged off. Includes negotiation of payment structures with the customers to ensure repayment of loans, initiates litigation when necessary, inspects properties, and market properties for sale. Additionally, this position may handle other Credit Administrative responsibilities that serve to aid various lines of business.

Team Culture

At BOKF, we are committed to a culture of precision, integrity, and collaboration. We value proactive risk management and teamwork, ensuring a supportive environment for both professional and personal growth. Join us and become part of a team that upholds these core values and strives for excellence in every aspect of our work.

How You'll Spend Your Time

  • You will monitor loan repayment schedules, contact customers with overdue payments, and ensure collection through various communication methods.
  • You will negotiate loan repayment terms with customers and associated parties to secure additional equity or limit bank losses.
  • You will oversee an early warning system for a loan portfolio, implement workflow changes to improve performance, and communicate with administration.
  • You will determine the need for litigation, manage ongoing cases, testify in proceedings, and handle bank-owned assets, including marketing real estate for maximum sales proceeds.
  • You will coordinate with various officials to ensure compliance with laws and regulations, manage office administration tasks, and track real estate taxes and environmental policy compliance.

Education & Experience Requirements

This level of knowledge is normally acquired through completion of a Bachelor’s Degree and 7+ years of experience in special assets management.

  • Excellent and understanding of business lending procedures and common errors encountered
  • Thorough knowledge of loan documentation and perfection requirements
  • Excellent knowledge of accounting principles and procedures
  • Excellent PC skills
  • Excellent knowledge of the litigation process under county, state, and federal systems
  • Excellent ability to negotiate in both cooperative and hostile environments

BOK Financial Corporation Group is a stable and financially strong organization that provides excellent training and development to support building the long term careers of employees.  With passion, skill and partnership you can make an impact on the success of the bank, customers and your own career!
Apply today and take the first step towards your next career opportunity!
 
The companies in BOK Financial Corporation Group are equal opportunity employers. We are committed to providing equal employment opportunities for training, compensation, transfer, promotion and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, pregnancy status, sexual orientation, genetic information or veteran status.

Please contact  recruiting_coordinators@bokf.com with any questions. 

Job Tags

Work at office,

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