Special Assets Officer

First National Bank Of Pennsylvania•Wilmington, NC

About The Position

This position is primarily responsible for managing a loan portfolio consisting of commercial borrowers exhibiting well defined or potential weaknesses (i.e., criticized loans). Special Assets Officers develop strategies to resolve problem loans while preserving Bank capital. Also integrates with the Commercial and Business Banking teams to assist with credit management and strategies to improve the credit weakness on a consultive basis. Transactions are generally more complex in nature and limited managerial oversight is needed.

Requirements

BA or BS
Minimum 5 years of Job Related Experience
Excellent project management skills
Excellent communication skills, both written and verbal
Excellent organizational, analytical and interpersonal skills
Excellent customer service skills
Ability to use a personal computer and job-related software
MS Word - Intermediate Level
MS Excel - Intermediate Level
MS PowerPoint - Basic Level

Nice To Haves

Experience related to Special Assets preferred and familiarity with customary loan documentation

Responsibilities

Manages an assigned portfolio of problem loans.
Meets with customers and recommends strategies to improve likelihood of repayment while minimizing risk of loss to the Bank.
Disposes of repossessed assets in an efficient and timely manner with a goal of maximizing value.
Meets or exceeds established performance goals.
Negotiates workout agreements with customers to protect or improve the likelihood of repayment or minimizing risk of loss to the Bank.
Engages and directs the actions of inhouse counsel, outside counsel and other vendors in an efficient and timely manner.
Reviews all assigned commercial loans with the Manager of Special Assets.
Reviews all assigned “shadow” loan relationships with Loan Officers.
Ensures loans are properly rated and reviewed for appropriate accrual/non-accrual status.
Recommends specific impairments and charge offs on a timely basis.
Reports pertinent information to the immediate supervisor as requested or according to an established schedule, compiles information as necessary or as directed and provides data to appropriate Bank personnel.
Presents problem loan strategies to the Special Attention Credit Committee in a clear and concise manner.
Reports will be submitted in the timeframe requested and will include recommendations for both loan risk rating and accrual status.
Coordinates specific work tasks with other personnel within the department and with other departments to ensure the smooth and efficient flow of information.
Responds to inquiries relating to Special Assets or requests from customers, other company personnel, etc. within given time frames and within established policy.
Performs other related duties and projects as assigned.
All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by F.N.B. Corporation’s risk management program.
F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines.
Compliance with regulatory laws and company procedures is a required component of all position descriptions.