Special Assets Officer

First National Bank Of Pennsylvania • Harrisburg, PA

1d

About The Position

The Special Assets Officer manages a portfolio of commercial borrowers with defined or potential credit weaknesses, developing strategies to resolve problem loans while preserving the Bank’s capital. The position also consults with Commercial and Business Banking teams on credit management and strategies to address credit weaknesses. Transactions are generally less complex and the role receives regular managerial oversight.

The officer meets with customers and works with management to improve repayment prospects and minimize loss, manages repossessed asset dispositions, and negotiates workout agreements under management oversight. The role reviews commercial and shadow loan relationships, ensures appropriate loan ratings and accrual status, recommends impairments and charge-offs, and presents problem-loan strategies to the Special Attention Credit Committee. It also coordinates with internal teams, counsel, and vendors, responds to inquiries, and fulfills reporting and risk-management responsibilities.

Requirements

• Bachelor of Arts or Bachelor of Science degree.
• At least 3 years of job-related experience.
• Excellent project management skills.
• Excellent written and verbal communication skills.
• Excellent organizational, analytical, and interpersonal skills.
• Excellent customer service skills.
• Ability to use a personal computer and job-related software.
• Intermediate-level Microsoft Word skills.
• Intermediate-level Microsoft Excel skills.
• Basic-level Microsoft PowerPoint skills.

Nice To Haves

• Experience related to Special Assets.
• Familiarity with customary loan documentation.

Responsibilities

• Manage an assigned portfolio of problem loans.
• Meet with customers and work with management to develop strategies that improve the likelihood of repayment while minimizing the Bank’s risk of loss.
• Dispose of repossessed assets efficiently and promptly, with the goal of maximizing value.
• Meet or exceed established performance goals.
• Negotiate workout agreements with customers, with management oversight, to protect or improve repayment prospects or minimize the Bank’s risk of loss.
• Engage and direct in-house counsel, outside counsel, and other vendors efficiently and promptly.
• Review assigned commercial loans with the Manager of Special Assets.
• Review assigned shadow loan relationships with Loan Officers.
• Ensure loans are properly rated and reviewed for appropriate accrual or non-accrual status.
• Recommend specific impairments and charge-offs in a timely manner.
• Report pertinent information to the immediate supervisor as requested or on an established schedule; compile information and provide data to appropriate Bank personnel.
• Present problem-loan strategies clearly and concisely to the Special Attention Credit Committee.
• Submit reports within requested timeframes, including recommendations for loan risk rating and accrual status.
• Coordinate work tasks with department personnel and other departments to ensure an efficient flow of information.
• Respond to Special Assets inquiries and requests from customers and company personnel within established timeframes and policy.
• Perform other related duties and projects as assigned.
• Serve as a risk manager by understanding, reporting, responding to, managing, and monitoring daily risks as required by F.N.B. Corporation’s risk management program.
• Comply with regulatory laws, guidelines, and company procedures.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Flexible spending accounts
• Health savings account
• 401(k)
• Paid time off, including sick time and vacation time
• Paid holidays
• Other voluntary benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level