Problem Loan Workout Specialist

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

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

401(k) plan

Paid time off

Paid holidays

Job summary

First National Bank Of Pennsylvania in Wyomissing, PA is seeking a Special Assets Officer to manage a portfolio of commercial loans with weaknesses, develop repayment strategies, and work with management to protect capital. The role interfaces with credit and business banking teams to improve asset quality and minimize risk.

The position emphasizes consultative credit management, collaboration with internal and external counsel, and timely impairment recommendations, with a clear path to

Qualifications

• BA or BS degree required.
• 3+ years of job-related experience.
• Excellent project management, communication, organizational, analytical, and interpersonal skills.
• Experience with loan documentation preferred.

Responsibilities

• Manages an assigned portfolio of problem loans.
• Meets with customers and management to develop strategies to improve likelihood of repayment while minimizing risk 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.
• Present 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.

Skills

Project management

Communication skills

Organizational skills

Analytical skills

Interpersonal skills

Customer service

Education

BA or BS

Tools

MS Word

MS Excel

MS PowerPoint

Job description

First National Bank Of Pennsylvania in Wyomissing, PA is seeking a Special Assets Officer to manage a portfolio of commercial loans with weaknesses, develop repayment strategies, and work with management to protect capital. The role interfaces with credit and business banking teams to improve asset quality and minimize risk.

The position emphasizes consultative credit management, collaboration with internal and external counsel, and timely impairment recommendations, with a clear path to