Special Assets Credit Manager

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Regular Full-Time Professional Fair Lawn, NJ, US 1 Attachments

Salary Range: $99,969.00 To $ Annually

Columbia Bank is a full-service consumer and commercial bank serving individuals, businesses, and communities across New Jersey, Staten Island, and Brooklyn. Through our banking, title, insurance, and wealth management businesses, we provide a broad range of financial solutions tailored to our customers’ needs. We are also committed to strengthening the communities we serve through employee volunteerism, community partnerships, and the Columbia Bank Foundation.

Why this Role Matters: The Special Assets Credit Manager is responsible for the analysis, administration, and portfolio surveillance of complex criticized and classified commercial loan relationships. The position evaluates borrower and guarantor financial performance, collateral support, repayment capacity, risk ratings, and emerging credit concerns and provides analytical support and recommendations regarding credit and resolution strategies. Working closely with the Director of Special Assets, the position serves as a key analytical resource supporting the administration and oversight of complex criticized and classified commercial credit relationships

The position works across Commercial Lending, Credit Administration, Loan Operations, Legal, Appraisal and other departments to support effective credit administration and informed decision-making.

What You’ll Deliver/Areas of Impact:.

Credit Risk Analysis and Portfolio Surveillance

• Administers the credit-risk analysis and portfolio surveillance functions of the Special Assets Department, including the ongoing financial analysis and monitoring of criticized and classified commercial loan relationships to identify changes in credit quality, emerging risks, and matters requiring management attention.
• Performs comprehensive financial and credit analysis of criticized and classified commercial loan relationships, including borrower and guarantor financial performance, cash flow, debt service coverage, leverage, liquidity, contingent liabilities, collateral coverage, secondary repayment sources, and other factors affecting repayment capacity and credit risk.
• Prepares quarterly Credit Review Memoranda incorporating financial, collateral, and credit-risk analysis to support portfolio management, risk-rating justification, loss mitigation, and internal and regulatory review requirements.
• Monitors collateral-related risk components, including valuation, insurance, lien position, lien perfection, and other matters affecting collateral coverage and the Bank's secured position.

Reporting, Coordination and Support

• Actively contributes to departmental operations, initiatives, and team objectives.
• Coordinates administrative and information requirements among Commercial Lending, Credit Administration, Loan Operations, Legal, Appraisal, and other internal and external stakeholders.
• Coordinates recurring requirements, including appraisals, financial reporting, insurance, covenant documentation, litigation milestones, and other required deliverables.
• Maintains accurate data and reporting systems while supporting initiatives that improve data quality, analytics, and operational efficiency.
• Develops and delivers reporting, dashboards, risk assessments, and management information for departmental oversight, senior management, committees, auditors, and regulators.
• Supports audit, loan review, and regulatory examinations by coordinating information, validating supporting documentation, and responding to inquiries within assigned…