Special Assets Officer

F.N.B. Corporation•Annapolis, MD

1d•$62,426 - $117,884

About The Position

The Special Assets Officer manages a portfolio of commercial borrowers with well-defined or potential credit weaknesses, developing strategies to resolve problem loans while preserving Bank capital. The position also consults with Commercial and Business Banking teams on credit management and strategies to improve credit weaknesses. Transactions are generally less complex, and the role receives regular managerial oversight. The officer works with customers and management to improve repayment prospects and minimize the Bank’s risk of loss, disposes of repossessed assets, negotiates workout agreements under management oversight, and coordinates legal counsel and vendors. The role reviews assigned 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. The position also coordinates with colleagues, responds to inquiries, reports information to management, and fulfills risk-management and regulatory-compliance 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 and 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 on a timely basis.
Report pertinent information to the immediate supervisor as requested or according to schedule, compile information as needed, and provide data to appropriate Bank personnel.
Present problem-loan strategies clearly and concisely to the Special Attention Credit Committee, including recommendations for loan risk rating and accrual status, within requested timeframes.
Coordinate work tasks with personnel within the department and other departments to ensure efficient information flow.
Respond to Special Assets inquiries and requests from customers and company personnel within required timeframes and established policy.
Perform other related duties and projects as assigned.
Serve as a risk manager by understanding, reporting, responding to, managing, and monitoring risks encountered in daily work, as required by the corporation’s risk management program.
Comply with applicable regulatory laws, guidelines, and company procedures.