Special Assets Officer

Special Assets Officer

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.
• 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.

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

Skills Required to Perform the Primary Responsibilities of this Position:

• 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 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. 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.

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.