Special Assets Portfolio Manager III

S&T Bank•Akron, OH

5d•$55,000 - $149,000

About The Position

The Special Asset Portfolio Manager or Analyst provides relationship management to Special Asset Officers for an assigned portfolio including of a 15 - 20 commercial loan workout relationships with an average size of >$5MM with diverse scope and complexity. In partnership with the Special Asset Officers, the Portfolio Manager or Analyst will draw on their prior analytical and commercial loan experience to provide comprehensive support to existing Borrowers within the assigned adversely graded special asset portfolio.

Responsibilities

Liaison between Special Asset Officer and Other Departments within the Bank for facilitating modifications, extensions, and covenant testing within designated special asset portfolio.
Perform annual reviews for client relationships within the assigned special asset portfolio.
Attend client calls with Special Asset Officers to gain a thorough understanding of the client’s business and effectively assist in ongoing credit risk management of the relationship.
As a trusted partner, the Special Asset Portfolio Manager or Analyst will provide constructive and regular feedback to Special Asset Officers to ensure sound relationship quality.
Conduct site visits and document vacancy / occupancy, as well as, general property conditions via notes and photographs.
Monitor credit performance of client portfolios and alert Special Asset Officers and Management to changes that may require action to ensure risk mitigation, minimize potential losses and maximum returns. Including but not limited to:
Facilitating the collection and spreading of financial statements
Analyzing collateral quality
Monitoring line usage and supporting documents such as: accounts receivable / payable aging reports and inventory reports for concentration risk, aged accounts and inventory.
Performing lease analysis for potential rent roll down / expirations / vacancy
Comparing actual performance to pro-formas / projections
Monitoring various credit risk reports
Preparing Criticized Asset Reports and periodic credit file memos
Resolve any documented exceptions
Preparing troubled debt restricting analysis and supporting documentation
Conduct covenant tests within the assigned special asset portfolio.
Monitor / facilitate construction and general line advances within the assigned special asset portfolio.
Utilizes advanced financial and quantitative analyses techniques to evaluate financial and related information to gauge borrower’s overall ability to repay debt as well as to assess financial performance relative to peer companies, industry benchmarks or other standards of performance. In addition, these techniques will be used to analyze to borrower’s capital structure and bank’s documentation to determine restructure options for complex, diverse and adversely graded credits which will assist to design and implement comprehensive strategies to either exit or retain relationship.
Researches and accurately interprets commercial loan documentation, agreements, leases, contracts, and other technical documentation of a legal nature. Identifies the documentation gaps to complete a loan documentation file review for all commercial products and perfection of all types of collateral.
Perform any other analysis needed by Special Asset Management or Special Asset Officers.
Interprets and resolves complex financial problems and questions, including the identification of required variables and data sources, proper adjustment of stated financial figures, finding solutions from incomplete or fragmentary information, and following through with all appropriate calculation steps.
Assist in the assignment of appropriate and timely risk ratings on existing borrowers, including regulatory non-Pass ratings, which will directly influence the ACL provision and bank earnings. Defends assigned risk ratings when needed.
Interacts regularly with peers in other functional areas, managers, and customers. Interactions may involve controversial situations or trying to influence actions. Decisions can result in critical delays in schedules or departments operations or jeopardize overall business objectives.
Maintains a good working relationship with Bank employees in other departments.
Demonstrates strong interpersonal skills with the ability to work independently, as well as motivated to work as a team player to contribute to the success of the department and in turn, the organization.
Provides guidance and oversight to Special Asset Portfolio Manager I or II. May conduct training on an “as needed” basis. Will be involved with the development of Special Asset Department procedures and methodologies.
Assumes additional any other analysis, job duties and responsibilities as assigned.