Special Assets Portfolio Manager II

Apply by eMail:15136259.185@jobfrenzy1.com

Description:
GENERAL FUNCTION: Provide daily support to a few Special Assets Group Officers with medium to large portfolios that have moderate to complex degree of difficulty in the monitoring of assigned workout relationships. Primary attention is given to monitoring the current status of loan payments, past dues, loan collateral monitoring and inspections, pending maturities of loans and Forbearance Agreements. Assists Workout Officers in coordinating the accumulation of all files (Credit, Collateral, SBA, shadow, side, etc.) to perform a thorough review of banking relationships, ensuring financial statements are current and spread correctly to allow for a detailed review/analysis of: a) Balance Sheet leverage and liquidity; b) Income Statement margin performance and profitability/loss and resulting operating cash flows; c) collateral ''liquidation'' coverage margin vs. the bank's loan exposure; d) Guarantor liquidity and personal credit rating trends; and e) performing special projects. Prepares documentation required for the processing of loans, reviews status of existing loans. Assists Workout Officers in loan closings. ESSENTIAL DUTIES and RESPONSIBILITIES: Supports the Department Manager, Team Leader, and/or Workout Officers in the monitoring of the Special Assets Group workout portfolio. In addition to the items defined above in the ''General Functions'' efforts will include: * Completes all requirements of loan bookings, to include all preparation, review, documentation and filing and ensuring that all Special Assets Group loan bookings are booked correctly on the AFS system. * Develops a working knowledge of all customers and businesses. * Responsible for monitoring the progress on the drafting of all Forbearance Agreements and loan documents preparation, including third party document coordination, completion and review. * Collects and reviews all required collateral information. * Reviews current account status, to include but not limited to, Past Due accounts and Matured and Maturing loan relationships. * Supports the Workout Officers in monitoring, on a continuous basis, information concerning customer performance, abilities, and industry to determine how the company is trending. This will consist of, but not be entirely limited to, statement, covenant and insurance tracking, Dual Risk Rating updates, Regulatory Ratings, and Administrative Loan Status Report (ALSR) updating and completeness. * Assist Workout Officers in the drafting of legal documents. * Assist in performing due diligence and reviewing commercial loan documentation for exceptions and/or deficiencies. Assist Workout Officers throughout the Bancorp with respect to general commercial lending issues such as perfection, assignments, letters of credit, workout/default letters, etc. * Making daily decisions relative to overdrafts. * Entering into Appraisal and Environmental Phase I and/or Phase II engagements on behalf of the bank. * Process new loan transfers. Including a review of the ''blue memo'', current situation, review of legal opinion. * Discuss the current situation with the transferring loan officer. * Complete Projection Reports accurately-Work with workout lender to determine appropriate non accrual and charge off recommendations are made. * Handle a portfolio of small dollar accounts that will include direct conversations with customers. SUPERVISORY RESPONSIBILITIES: None

This job provides relocation assistance.

This job provides visa sponsorship.

Requirements:
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED: Bachelor's degree in accounting, finance or economics preferred. A minimum 3 years of credit analysis and/or Loan Review experience in the banking industry or 3 to 5 years in the banking industry. Must be proficient in software applications such as Microsoft Word and Excel. Familiarity with the bank's internal applications is a plus. Ability to travel.

Education: Bachelor

Experience: More than 5 years

Travel: None

Apply by eMail:15136259.185@jobfrenzy1.com

Job Created: Thu Sep 17 2009 04:27:44 AM
Last Modified: Thu Sep 17 2009 04:27:44 AM