Asset Recovery Officer

Peoples Security Bank & Trust Company; Moosic (Lackawanna County); Presencial; USD 60.000 - 80.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Medical Plans

College Tuition Reimbursement

401(K) Plan

Paid Time Off

Descripción de la vacante

A regional community bank is seeking a skilled Loan Workout Specialist in Lackawanna County, Moosic. This role analyzes problem loans, negotiates repayment terms, and develops strategies for maximizing recoveries. Candidates should have a B.S. or B.A. degree and at least five years of experience in lending or financial recovery practices. Strong communication, interpersonal relations, and financial statement analysis skills are essential. This position offers a collaborative environment focused on professional growth.

Formación

• A minimum of five years’ related experience normally required.
• Thorough knowledge of bank lending principles, policies, and practices.

Responsabilidades

• Analyzes assigned problem loans to maximize financial recovery.
• Negotiates restructuring of credit and repayment terms.
• Monitors adherence to workout agreements.

Conocimientos

Strong communication skills

Proficient interpersonal relations

Financial statement analysis

Educación

B.S. or B.A. degree in a related field

Descripción del empleo

Description

If you are looking for a great place to work, and reach your potential, look to Peoples Security Bank & Trust.

We continue to grow and are always looking for the right people to join our team.

#TeamPSBT

Essential Duties

• Analyzes assigned problem loans and determines the most effective method for maximizing financial recovery.
• Discusses collection strategies with Asset Recovery Manager and lending officers.
• In conjunction with the Asset Recovery Manager, negotiates restructuring of credit and repayment terms with customers, attorneys, and representatives of other creditors and lending personnel from other companies to secure appropriate workout arrangements; maintains regular communication with attorneys and customers.
• Monitors adherence to terms of workout agreements.
• Evaluates collateral position to better secure loan and establish recourse to other borrower assets against the possibility of charge off.
• Monitors the sale of repossessed items through auction or other means.
• Coordinates the timely purchase of SBA guaranteed loans and reimbursement of qualified expenses from SBA.
• Calculates and submits required documentation for SBA portion of recoveries.
• Attends bank foreclosure sales and administers bank‑owned property (i.e. obtains insurance coverage, shows property to prospective buyers, lists property with realtor, follows up on maintenance concerns, attends closings, etc.)
• Works with Bank’s internal Asset Recovery Department, Loan Administration Department, outside auditors, and outside examiners regarding problem loans.
• Assists in the development and maintenance of a sound credit policy which is consistent with the Bank's philosophy of lending.
• Assists with reviews of past‑due and criticized loan reports, supervisory examination reports, and other sources of information for possible downgrading of deteriorating situations.

Benefits Offered to Peoples Security Bank Employees

Our College Tuition Reimbursement Benefit can help you achieve your long‑term career and educational goals

• Medical Plans
• Dental Plan
• Vision Plan
• Life Insurance
• Disability Insurance
• 401(K) Plan
• ESOP Plan
• Paid Time Off
• Paid Holidays
• Voluntary Time Off
• Employee Assistance Program
• Banking Classes
• Internal Advancement Opportunities

Peoples Security Bank and Trust Company is an Equal Opportunity Employer.

Company Overview

Since 1905, community has and always will be our purpose. We were founded on the principle to be a bank that people can trust. We would not be where we are today without the dedication that our employees have had since we first opened our doors. Our values still hold true to this day and we are making strides to continue to grow with our amazing team.

• Integrity – it is our foundation, the basis of everything we do. We strive to be professional, honest, trustworthy, confidential, and respectful at all times.
• Excellence – to do things better, exceeding expectations.
• Teamwork – working together for a common good, engaging our customers, coworkers, and partners.
• Efficient – we will strive to manage our expenses.

We believe our team is what makes our organization successful. Hearing their stories show a path of growth and enrichment in their careers. Every single team member truly makes a difference within our company and we’re grateful for each employee who chooses to work with us.

Requirements

Education/Training: A B.S. or B.A. degree in a related field of study normally required; specialized loan workout education/training.

Skill(s): Must demonstrate strong communication skills; proficient interpersonal relations skills; proficient financial statement analysis skills; thorough knowledge of bank lending principles, policies, and practices; knowledge of current lending and loan workout laws and regulations; moderate PC skills.

Experience: A minimum of five (5) years’ related experience normally required.

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the essential job functions of this position, the employee is regularly required to sit, stand, talk, hear, walk, use hands and fingers, handle or feel objects, and reach with hands and arms. At times required to stoop, kneel, bend, crouch and lift up to 25 pounds. This position requires regular use of a computer.