JOB SUMMARY

This position coordinates the acquisition, maintenance and disposition of OREO properties and maintains appropriate records. This individual will manage the OREO process ensuring that properties are accounted for on the Bank’s books at an appropriate value in accordance with GAAP and OCC guidelines.  This individual will report to management and the Board of Directors the status of ORE properties regarding sales, marketing activity and other necessary information.


ESSENTIAL DUTIES


The duties listed below may not include all responsibilities that the person in this role may be asked to perform. Incumbent may be required to perform other related duties as assigned.


1. Assisting in the booking of OREO assets at time of foreclosure.
2. Order appraisals and or valuations on OREO property.  
3. Calculate the “Fair Value” and determine the “Booking Value” by completing the OREO acquisition form.
4. Oversee the ongoing expenses for OREO properties.
5. Prepare hold/cost/sell analysis worksheets for OREO properties.
6. Coordinate in assigning Realtors to OREO properties.
7. Coordinate pre-closing and post-closing of ORE assets.
8. Maintain good orderly files on OREO properties.
9. Prepare Annual Problem Asset Reports for each OREO property with a book value of > $250,000 and include the marketing and disposition plans.
10. Maintain detailed records, departmental files, and reports to reflect the status of OREO.
11. Prepare ORE sales analysis for offers submitted.
12. Prepare OREO Reports for management and corresponding committees.
13. Coordinate property Inspections and property maintenance with listing agents.
14. Coordinate marketing for ORE properties 


QUALIFICATIONS


These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.


• Bachelor’s degree (BA) or equivalent from a Four Year college or university; 2 years related experience and/or training; or the equivalent combination of education and experience. Work related experience should consist of real estate or financial analysis.
• Reasonable exposure or equivalent work related experience in the obtaining and managing the appraisal acquisition process.  Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
• Intermediate knowledge of Bank operations, products and services; related state and federal laws and regulations, and other Bank operational policies and procedures.
• Progressive experience with facilities management and administration.
• Ability to read, analyze and interpret general business periodicals, professional journals, and technical procedures.
• Excellent organizational and time management skills.
• Intermediate skills in computer terminal and personal computer operation; mainframe computer system; word processing, spreadsheet and specialty software programs.
• Intermediate typing skills to meet production needs of the position.
• Intermediate math skills; ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
• Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, speak clearly to customers and employees.
• Thorough understanding of management procedures; ability to plan department or Bank activities (setting objectives, developing strategies, budgeting, and developing policies and procedures); initiative to organize various functions necessary to accomplish department or Bank activities; effectively staff (selecting, training and developing employees); directing employees towards the desired objectives (delegating, motivating, resolving problems); controlling the function (developing performance standards, measuring results, taking corrective action and rewarding employees as appropriate).
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
• Ability to work with minimal or no supervision while performing duties.
• Current Texas driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.


EOE/M/F/D/V