Special Assets Manager

Special Assets Manager

Location: Denver, CO (In-Office)

Job Type: Full-Time Exempt

Salary: $108,000 - $173,000 *Actual offer will be based on experience, location, education, and/or skills*

Applications should be submitted for consideration no later 1/05/2026.

You're a seasoned credit professional with deep expertise in commercial and real estate loan workouts. You excel at navigating distressed assets, assessing recovery paths, and building thoughtful strategies that protect the Bank from loss. You work independently, communicate with clarity, and bring a steady, solutions-oriented approach to complex challenges. If you're someone who thrives at the intersection of credit risk, borrower negotiations, legal considerations, and financial analysis-this role is for you.

The Special Assets Manager oversees the recovery, workout, and resolution of distressed commercial (C&I) and real estate (RE) loans. In this role, you'll evaluate repayment strategies, analyze collateral, negotiate restructuring arrangements, and implement solutions designed to minimize monetary loss. You'll collaborate closely with the PLC, senior management, Credit Administration, and Finance to ensure problem loans are managed with discipline, transparency, and strategic focus.

• Lead the analysis, strategy development, and execution of workout plans for assigned problem loans, ensuring maximum financial recovery.

• Evaluate borrower repayment capacity and negotiate forbearance, settlement, restructuring, and repayment agreements with clients, attorneys, and stakeholders.

• Manage delinquent loan payments, issue default and demand letters, monitor compliance with workout terms, and initiate appropriate collection activities.

• Conduct site inspections; assess, protect, value, and assist in disposition of collateral to support recovery efforts.

• Prepare PLC packets, collateral valuation analyses, ASC analyses, and other memos supporting loan classification and recovery decisions.

• Assess collateral positions and identify opportunities to improve security or establish recourse across borrower assets.

• Serve as a liaison between Credit and Finance on matters related to distressed loans and participate in special projects or credit policy development.

What You Bring

• Bachelor's degree in Business, Finance, Accounting, Economics, or related field.

• 7-10 years of experience in consumer and commercial loan workout, collection, and recovery.

• Strong credit analysis skills and solid knowledge of loan accounting.

• Thorough understanding of loan workout and liquidation processes, legal documentation, and bankruptcy concepts.

• Excellent negotiation, communication, and relationship-building skills.

• High proficiency with Microsoft Office and accurate keyboarding skills.

• Competitive base salary:$108,000 - $173,000, plus strong bonus potential.
  
  
• 401(k) plan with employer match.
  
  
• Paid parking and transportation benefits.
  
  
• Comprehensive health and wellness benefits, including:
  
  
  
  
  • Health savings accounts (HSA)
    
    
  • Flexible spending accounts (FSA)
    
    
  • Medical, dental, and vision coverage
    
    
  
  
  
  
• Generous paid time off and bank holidays.
  
  
• Access to training and professional development programs.
  
  
• Sponsorship and support for obtaining professional certifications.
  
  
• A culture of collaboration, continuous improvement, and shared success.

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At First Western Trust, we're more than just a financial institution-we're a team of forward-thinkers committed to excellence, innovation, and impact. Our culture thrives on teamwork and mutual respect, grounded in the belief that diverse perspectives fuel creativity and help us tackle challenges in fresh, effective ways.

We celebrate each other's successes, welcome new ideas, and take personal ownership in everything we do. A genuine desire to positively impact our clients, communities, and one another drives our work. We meet challenges with a growth mindset, act with urgency and accountability, and constantly strive to raise the bar for ourselves and our clients.

Leadership at First Western means setting an example and fostering a culture of trust, transparency, and respect. Whether you're just beginning your journey or bringing years of experience, you'll find a welcoming community where your contributions are valued and your potential is boundless.

We expect our people to:

• Demand and reward excellence.
• Take action and responsibility.
• Collaborate, communicate openly, and give/receive feedback with trust.
• Go above and beyond to do what's right-always.

If that sounds like you, you'll fit right in.

Learn more at myfw.com or email Talent.Management@myfw.com.

First Western Trust is proud to be an Equal Opportunity Employer. We are committed to creating a diverse, inclusive, and respectful workplace where every team member is valued and given the opportunity to thrive. We welcome applicants of all backgrounds and experiences and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other protected status. For accommodation requests, please contact Talent.Management@myfw.com.