Special Assets Manager
About The Position
Manages routine special serviced loans and/or portfolios of customers of low to mid complexity and performs transaction analysis with the goal of minimizing losses and optimizing resolution. Gathers financial data, prepares analysis and develops workout strategy and alternatives for a portfolio. Reviews relevant documents and transaction deal structure. Negotiates workout options with customers to reduce risks and losses. Works with internal and external business partners and borrowers to better secure collateral coverage. Adheres to established policies, procedures and regulations. Assists with evaluating asset or customer's cash flow, balance sheet, long-term business plans, and other relevant financial information. Performs site inspections for properties managed by special assets. May work with internal and external business partners, which may include outside counsel, on negotiations and documentation to mitigate risk. May assist more senior asset managers with complex matters.
Requirements
- University / college degree, with 2+ years of relevant professional experience. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
- Accuracy and Attention to Detail
- Analytical Thinking
- Credit Analysis and Verification
- Customer Interaction
- Effective Communications
- Financial Statement Analysis
- Negotiating
- Portfolio Management
- Problem Solving
- Regulatory Environment - Financial Services
Responsibilities
- Gathers financial data, prepares analysis and develops workout strategy and alternatives for a portfolio.
- Reviews relevant documents and transaction deal structure.
- Negotiates workout options with customers to reduce risks and losses.
- Works with internal and external business partners and borrowers to better secure collateral coverage.
- Adheres to established policies, procedures and regulations.
- Assists with evaluating asset or customer's cash flow, balance sheet, long-term business plans, and other relevant financial information.
- Performs site inspections for properties managed by special assets.
- May work with internal and external business partners, which may include outside counsel, on negotiations and documentation to mitigate risk.
- May assist more senior asset managers with complex matters.
Benefits
- medical/prescription drug coverage (with a Health Savings Account feature)
- dental and vision options
- employee and spouse/child life insurance
- short and long-term disability protection
- 401(k) with PNC match
- pension and stock purchase plans
- dependent care reimbursement account
- back-up child/elder care
- adoption, surrogacy, and doula reimbursement
- educational assistance, including select programs fully paid
- a robust wellness program with financial incentives
- maternity and/or parental leave
- up to 11 paid holidays each year
- 9 occasional absence days each year, unless otherwise required by law
- between 15 to 25 vacation days each year, depending on career level; and years of service
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
