MidWestOne Bank

  • Special Assets Officer

    Location : City
    Iowa City
    Location : State/Province
    Benefits Package
    Yes - Full Time Package
    Location : Address 2
    2104 Hastings Ave
  • Overview

    The Special Assets Lender is responsible for the restructure of troubled borrower relationships and/or adversely graded loans within the Bank’s commercial, agriculture, and residential loan portfolio of diverse size and complexity in compliance with all applicable state and federal laws, rules and regulations and Bank lending policies and procedures.  May assist with the process to disposes of reposed and foreclosed collateral.   


    • Works directly with loan officers, customers, and legal counsel in assigned situations regarding workouts and/or liquidation of assets for commercial, consumer and real estate loans. Represents the bank in court proceedings.
    • Analyzes problem loan situations and develops corrective action to collect and/or upgrade loans to minimize losses and meet asset quality expectations.
    • Reviews documentation on problem assets to ensure that it is complete and correct and ensure that the collateral position is properly perfected.
    • Monitors loan relationship, gathering ongoing financial and other information from customers and correcting documentation exceptions as necessary.
    • Maintains a record of correspondence and interactions with customers.
    • Maintains a high level of competency of bank applications, contract law, workout strategies, credit analysis and problem loan restructuring.
    • Responds to inquiries relating to Special Assets from customers, employees, and outside resources in a timely manner, by the end of the day.
    • Directly oversees and works with Lenders on the status and progress of their troubled credits.
    • Writes formal presentations and makes formal presentations concerning all assets within their assigned portfolios.. Attends and participates in past due and loan strategy meetings as well as other meetings requested by their supervisor.
    • Performs other duties as assigned


    Bachelor's degree from a four-year college or university preferred; Must have 5-10 years commercial lender experience and/ 3 - 5 years of commercial and ag workout experience.


    At MidWestOne Bank diversity is embraced and we are committed to equal employment opportunity regardless of race, color, religion, sex, national origin, sexual orientation, gender identity, creed, Veteran status, disability, or any other legally protected status.  If you have a disability or special need that requires accommodation, please let us know. 


    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed