Special Assets Officer

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

Primary Office Location

2640 Westview Drive. Wyomissing, Pennsylvania. 19610.

Position Title

Special Assets Officer

Business Unit

Credit Reports to: Manager of Special Assets

Position Overview

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 less complex in nature and regular managerial oversight is needed.

Primary 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.
• 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.

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.

Qualifications

• Minimum Level of Education Required to Perform the Primary Responsibilities of this Position: BA or BS
• Minimum # of Years of Job Related Experience Required to Perform the Primary Responsibilities of this Position: 3
• 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
• Licensures/Certifications Required to Perform the Primary Responsibilities of this Position: N/A
• Physical Requirements or Work Conditions Beyond Traditional Office Work: N/A

Compensation

Compensation Grade: EXT08

Pay Range: $62,426.00 - $117,884.00

FNB’s total rewards package may include other components such as: overtime, incentive, equity and benefits. Salary range is a guideline and is determined by a number of factors including education, experience, skills, internal equity and market conditions. We review pay regularly to ensure competitive and equitable pay.

• overtime
• incentive
• equity
• benefits

FNB offers a comprehensive benefits package including but not limited to, medical, dental, vision, life insurance, flexible spending accounts, health savings account, 401(k), paid time off, including sick time, vacation time, and paid holidays, and other voluntary benefits.

• medical
• dental
• vision
• life insurance
• flexible spending accounts
• health savings account
• 401(k)
• paid time off
• sick time
• vacation time
• paid holidays
• other voluntary benefits

Equal Employment Opportunity (EEO)

It is the policy of FNB not to discriminate against any employee or applicant for employment because of his or her race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, or status as a protected veteran. FNB provides all applicants and employees a discrimination and harassment free workplace.

Company Culture

A culture of teamwork. A history of success. As a leading diversified financial services company, F.N.B. Corporation (FNB) offers a wide range of opportunities for individuals who want to grow their careers. The FNB team is a group of highly qualified professionals who work together to provide comprehensive financial solutions across our corporate footprint, which includes Pennsylvania, Ohio, Maryland, West Virginia, Virginia, North Carolina, and South Carolina. Our consistent recognition as a best place to work and top workplace by our own employees symbolizes the outstanding culture we represent.