CRE Special Assets Portfolio Manager III

Apply by eMail:15218213.185@jobfrenzy1.com

Description:
GENERAL FUNCTION: Provide daily support to a few Special Assets Group Officers in Commercial Real Estate who have responsibilities for the largest very complex stressed banking 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, monetary compliance/defaults, covenant(s) compliance/defaults, and financial statement reporting compliance/defaults. Assists Workout Officers in coordinating the accumulation of all files (Credit, Collateral, SBA, shadow, side, etc.) to perform a thorough review of high risk 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, recommends appropriate action on loans that are mature or past due, and assists Workout Officers in loan closings. ESSENTIAL DUTIES and RESPONSIBILITIES: SEE ACTUAL JOB DESCRIPTION FOR ALL 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 Workout Officers and bank engaged legal counsel in the drafting of collections correspondence, Bankruptcy matters, complaint, motion for default or summary judgment, garnishment, notice of bankruptcy/dismissal/satisfaction of judgment, etc. * 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. * Assisting in the automation of all reporting functions and templates for the department. * Process new loan transfers. Including full due diligence of ''blue memo'', current situation, review of legal opinion. Complete the due diligence with a completed ALSR including a recommended action plan. Discuss the current situation with the transferring loan officer. * Complete Projection Reports accurately-Insure appropriate non accrual and charge off recommendations are made. 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 5 years of credit analysis and/or Loan Review experience in the banking industry or 5 to 10 years in a banking related position. 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: Not Specified

Experience: Not Specified

Travel: None

Apply by eMail:15218213.185@jobfrenzy1.com

Job Created: Wed Sep 23 2009 04:30:16 AM
Last Modified: Wed Sep 23 2009 04:30:16 AM