Special Assets Portfolio Manager

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

Benefits offered by this job

Comprehensive benefits package

Job summary

First National Bank in Wyomissing, PA is seeking a Special Assets Officer to manage a portfolio of commercial loans with weaknesses, developing strategies to resolve problem loans while protecting bank capital. You will work with Commercial Banking teams, negotiate workout agreements, coordinate with counsel and vendors, and prepare timely reports for management and committees.

The role requires a BA/BS and at least 3 years in special assets or credit risk, with strong communication, project

Qualifications

• BA/BS degree required.
• 3 years of job-related experience required.
• Strong project management, communication, and analytical skills are essential.

Responsibilities

• Manages an assigned portfolio of problem loans and meets with customers to develop strategies for repayment and minimizing loss.
• Develops and negotiates workout agreements with customers to protect or improve repayment likelihood.
• Coordinates actions with inhouse and outside counsel and other vendors for efficient handling of special assets.
• Reviews loans for proper rating and accrual status and recommends impairments or charge-offs as needed.
• Reports pertinent information to supervisor and committee on a regular schedule.

Skills

Project management

Communication skills

Organizational skills

Interpersonal skills

Customer service

Computer skills

MS Word

MS Excel

MS PowerPoint

Loan documentation knowledge

Education

BA/BS degree

Job description

First National Bank in Wyomissing, PA is seeking a Special Assets Officer to manage a portfolio of commercial loans with weaknesses, developing strategies to resolve problem loans while protecting bank capital. You will work with Commercial Banking teams, negotiate workout agreements, coordinate with counsel and vendors, and prepare timely reports for management and committees.

The role requires a BA/BS and at least 3 years in special assets or credit risk, with strong communication, project