Special Assets Portfolio Manager III

Special Assets Portfolio Manager III page is loaded## Special Assets Portfolio Manager IIIremote type:
Hybrid locations:
Irwin:
Main Office:
Cuyahoga Falls Bldg:
Akron Building:
North Shoretime type:
Full time posted on:
Posted Yesterday job requisition :
R-1121
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* Location:

** 309 Main St.Irwin, PA 15642
** Additional Locations:
** 491 North Cleveland-Massillon Road Akron, OH  Front Street, Cuyahoga Falls, OH  Philadelphia Street Indiana, PA 157012 North Church Street West Chester, PA  N Shore Drive  Pittsburgh, PA 15212
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* Hours:

** Monday - Wednesday: 9:00 am - 4:00 pm Thursday: 9:00 am - 5:00 pm Friday: 9:00 am - 4:00 pm(Additional hours as necessary to meet the objectives of the department)
** Function:
** The Special Asset Portfolio Manager or Analyst provides relationship management to Special Asset Officers for an assigned portfolio including of a 15 - 20 commercial loan workout relationships with an average size of $5MM with diverse scope and complexity.  In partnership with the Special Asset Officers, the Portfolio Manager or Analyst will draw on their prior analytical and commercial loan experience to provide comprehensive support to existing Borrowers within the assigned adversely graded special asset portfolio.
** Duties and Responsibilities****:
*** Liaison between Special Asset Officer and Other Departments within the Bank for facilitating modifications, extensions, and covenant testing within designated special asset portfolio.
* Perform annual reviews for client relationships within the assigned special asset portfolio.
* Attend client calls with Special Asset Officers to gain a thorough understanding of the client’s business and effectively assist in ongoing credit risk management of the relationship.
* As a trusted partner, the Special Asset Portfolio Manager or Analyst will provide constructive and regular feedback to Special Asset Officers to ensure sound relationship quality.
* Conduct site visits and document vacancy / occupancy, as well as, general property conditions via notes and photographs.
* Monitor credit performance of client portfolios and alert Special Asset Officers and Management to changes that may require action to ensure risk mitigation, minimize potential losses and maximum returns.  Including but not limited to:  + Facilitating the collection and spreading of financial statements  + Analyzing collateral quality
* Monitoring line usage and supporting documents such as: accounts receivable / payable aging reports and inventory reports for concentration risk, aged accounts and inventory.
* Performing lease analysis for potential rent roll down / expirations / vacancy* + Comparing actual performance to pro-formas / projections  + Monitoring various credit risk reports  + Preparing Criticized Asset Reports and periodic credit file memos  + Resolve any documented exceptions  + Preparing troubled debt restricting analysis and supporting documentation  + Conduct covenant tests within the assigned special asset portfolio.  

+ Monitor / facilitate construction and general line advances within the assigned special asset portfolio.
* Utilizes advanced financial and quantitative analyses techniques to evaluate financial and related information to gauge borrower’s overall ability to repay debt as well as to assess financial performance relative to peer companies, industry benchmarks or other standards of performance.  In addition, these techniques will be used to analyze to borrower’s capital structure and bank’s documentation to determine restructure options for complex, diverse and adversely graded credits which will assist to design and implement comprehensive strategies to either exit or retain relationship.
* Researches and accurately interprets commercial loan documentation, agreements, leases, contracts, and other technical documentation of a legal nature. Identifies the documentation gaps to complete a loan documentation file review for all commercial products and perfection of all types of collateral.  Perform any other analysis needed by Special Asset Management or Special Asset Officers.
* Interprets and resolves complex financial problems and questions, including the identification…