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If you’re looking to build your career at a forward-thinking organization with deep community roots and a vision for growth, success, and giving back, you’ve come to the right place.

Get to know us:

• We’re your local community bank—and have been since 1875—that is committed to providing excellent customer service and giving back to our communities.

• We foster a collaborative, inclusive work environment as part of a close-knit team where your voice is valued and heard.

• Our highly engaged employees are rewarded for their performance and have ample opportunities for cross-training and advancement within the organization.

• We’ve been named one of the best places to work in Maine, and offer robust benefits focused on your holistic well-being.​

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Position Summary:

Under the broad guidance of the Director of Special Assets, this role will perform a variety of duties related to management of a specifically assigned classified assets within the bank’s portfolio including the collection of past due payments and resolution of the problem asset. The primary goal of this role is to minimize loss within an assigned portfolio. This position also assists in managing legal activities related to problem loans and establishes and negotiates special asset workout terms.

Essential Duties and Responsibilities:

• Review and authorize accounts to attorneys for legal actions.

• Assist Workout Officer(s) with the management of workout loans.

• Work directly with attorneys to develop and implement legal strategies and processes.

• Review all credit and legal files for completeness and identify potential deficiencies.

• Interview current and/or past account officers to assess current situation.

• Meet with borrowers to address current deficiencies and establish relationships.

• Analyze current financial information and formulate workout strategy, ensuring proper risk rating has been assigned and properly documenting all discussions with borrowers to minimize any potential lender liability.

• Obtain appropriate approvals for established documented workout plan.

• Manage workout plan in accordance with established timeline.

• Ensure all collateral is protected to minimize loss.

• Manage the liquidation of collateral.

• Accountable for managing the individual expenses incurred for loan level cases assigned.

• Prepare and present charge off loans to the charge off committee.

• Participate in Loan review processes on assigned accounts, preparing for and presenting information to various committees.

• Prepare and present written reports as required by bank policy.

• Mentor Loss Mitigation Specialist/Special Assets Officer peers.

• Manage, coordinate and/or participate in single-event and ongoing projects as they arise.

Basic Qualifications:

• Bachelor’s degree

• Minimum of 5 years of prior bank experience in either commercial related services or collections/workout activity

• Knowledge of bankruptcy and other related laws

Preferred Qualifications:

• 5-10 years previous related experience

• Legal degree and/or related experience

Skills and Abilities:

• Ability to interpret legal documentation

• Excellent communication and strong analytical skills and adept in dealing with sensitive information

• Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals and ability to compute rate, ratio, and percent

• Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization exists

• Strong negotiation skills

Supervisory Skills:

• May be assigned supervisory responsibilities. Some mentoring is expected with the Collections, Loss Mitigation Specialists and Workout Officers

The statements contained herein reflect general details as necessary to describe the principle functions for this job, the level of knowledge and skill typically required, and the scope of responsibility, but should not be considered an all-inclusive listing of work requirements. Individuals may perform other duties as assigned, including work in other functional areas to cover absences or to equalize peak work periods to balance workloads.

We encourage candidates to consult with their Talent Partner throughout the recruiting process to better understand how their experience aligns with the role, as well as details on compensation and our total rewards offerings. The prospective range of pay we will offer to a successful applicant to this position is $68,350.00-$101,550.00, which represents a good faith estimate of what we expect to offer at the time of posting based on the role’s responsibilities, level and location. Actual starting salary will be determined by the Bank in the Bank’s discretion, and shall depend on the applicant’s experience, skills, education, certifications, as well as other relevant business conditions. Final offers will reflect these considerations and may vary accordingly.

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Our comprehensive total rewards package offers something for everyone!

• Robust medical, dental, and vision insurance packages

• Generous time off, including paid federal holidays and paid day off for your birthday

• 401(k) retirement savings plan

• Tuition reimbursement, professional development, and career growth opportunities

• Employee assistance program

• Comprehensive wellness program

Pursue a career at Camden National Bank and apply today. We can't wait to hear from you!

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We are guided and inspired by our Core Values:

• Honesty and Integrity above all else

• Trust built on fairness

• Service that creates remarkable experiences

• Responsibility to use our resources for the greater good

• Excellence through hard work and lifelong learning

• Diversity realized through inclusion and respect

Equal Opportunity Employer

Employment with Camden National is on an at-will basis, meaning employment is not guaranteed for any specific period of time, and any employment relationship established may be terminated by either party at any time, for any reason, with or without notice. Completion of an employment application is not a contract, express or implied, guaranteeing employment. Camden National Bank is an Equal Opportunity Employer and does not discriminate on the grounds of race, color, religion, sex, sexual orientation, including gender identity and gender expression, national origin, citizenship status, age, disability, genetic information or veteran status.

Learn more about why employees love working at Camden National Bank!​