Commercial Loan Workout Specialist

First National Bank; Wyomissing (Berks County); On-site; USD 62,000 - 118,000; Full time

Job summary

First National Bank in Wyomissing, PA seeks a Special Assets Officer to manage a portfolio of commercial loans with weaknesses and develop strategies to improve repayment likelihood, while protecting bank capital.

Under supervision, you will coordinate with the Commercial Banking teams, engage counsel and vendors, and ensure timely reporting and impairment decisions. A BA/BS and 3 years’ experience are required.

Qualifications

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

Responsibilities

• Manages an assigned portfolio of problem loans.
• Meets with customers and works with management to develop 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.
• With management oversight, 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.

Skills

Project management

Written communication

Interpersonal skills

Customer service

Personal computer & software

MS Word

MS Excel

MS PowerPoint

Experience in Special Assets

Education

BA or BS

Job description

First National Bank in Wyomissing, PA seeks a Special Assets Officer to manage a portfolio of commercial loans with weaknesses and develop strategies to improve repayment likelihood, while protecting bank capital.

Under supervision, you will coordinate with the Commercial Banking teams, engage counsel and vendors, and ensure timely reporting and impairment decisions. A BA/BS and 3 years’ experience are required.