Asset Quality Manager

NBT Bancorp•Schenectady, NY

15h•Onsite

About The Position

Responsible for administration, monitoring, reporting, governance, and continuous improvement of the Bank’s asset quality processes. The role serves as a senior professional resource supporting Credit Administration, Workout, Commercial Banking, Risk Management, Finance, and Operations by analyzing portfolio performance, identifying emerging risks, administering asset quality programs, coordinating due diligence activities, and recommending process improvements. Exercises independent judgment in evaluating portfolio trends, managing complex reporting requirements, supporting problem asset administration, and leading cross-functional initiatives.

Requirements

Bachelor’s degree in Finance, Accounting, Business Administration, Economics, or related field required.
Minimum 7-10 years of progressive banking, credit administration, special assets, loan review, commercial credit, or risk management experience.
Advanced commercial credit knowledge
Strong analytical and forecasting skills
Proficiency in Excel and reporting systems
Strong communication, project management, and problem-solving abilities
Knowledge of regulatory expectations and asset quality practices.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.

Responsibilities

Administer criticized, classified, watch list, and non-performing asset monitoring processes.
Owns Asset Quality meetings, while improving the flow and quality of information presented.
Monitor portfolio migration trends and emerging risk indicators.
Administer non-accrual, charge-off, and high-risk loan identification processes.
Develop and maintain asset quality forecasting models.
Partner with Relationship Managers and Credit teams on the management and oversight of asset quality.
Support annual planning and budgeting through portfolio forecasts.
Prepare recurring and ad hoc asset quality reports and dashboards.
Develop portfolio analytics related to criticized assets, recoveries, charge-offs, and concentrations.
Coordinate Asset Quality Committee meetings and track action items.
Prepare executive, audit, regulatory, and Board-related reporting packages.
Maintain reporting accuracy, data integrity, and process documentation.
Provide recommendations based on portfolio performance trends.
Support workout administration and tracking of resolution strategies.
Coordinate transfer documentation and portfolio disposition activities.
Develop & administer the loan sale process from information gathering through closing.
Maintain approved vendor relationships and due diligence documentation.
Monitor ORE activities, foreclosures, property transfers, and disposition efforts.
Improve process & procedures as it relates to the Commercial and Business Banking Workout portfolio.
Ensure controls and documentation requirements are maintained.
Lead process improvement initiatives that enhance efficiency and reporting quality.
Support implementation and enhancement of credit administration systems including nCino.
Identify automation opportunities and leverage technology tools to improve workflows.
Participate in special projects, portfolio studies, migration analyses, and stress testing activities.
Participate in merger, acquisition, and portfolio due diligence reviews.
Gather and analyze credit, collateral, operational, and risk data.
Identify elevated risk relationships, concentrations, and integration concerns.
Prepare line sheets, summaries, and risk assessments for leadership review.
Support post-acquisition portfolio integration and monitoring activities.
Perform additional responsibilities and special projects in support of departmental and organizational objectives.

Benefits

Generous Paid Time Off : At least 22 days annually, prorated in the year of hire.
Parental Leave : Six weeks of paid leave at 100% of your salary.
Comprehensive Medical Coverage : Includes employer contributions to HSA for High Deductible Health Plan participants.
Dental and Vision Coverage : Ensuring your overall health and well-being.
Flexible Spending Accounts : For healthcare and dependent care expenses.
Employer-Paid Disability Coverage : Both short-term and long-term, with an option to purchase additional long-term coverage.
Life Insurance : Employer-paid basic life insurance, with an option to purchase supplemental coverage.
Voluntary Benefits : Including hospital, accident, and critical illness coverage.
Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan to help secure your future.
Adoption Assistance : Supporting your growing family.
Tuition Reimbursement : Invest in your education and career growth.
Employee Assistance Program (EAP) : Access to support and resources.
Pet Insurance : For all your furry friends.
Financial and Banking Services : Various banking services benefits and financial planning assistance.
Paid Sick and Safe Leave : For your health and safety.