Special Assets Portfolio Manager III

Location

309 Main St., Irwin, PA 15642

• 491 North Cleveland-Massillon Road, Akron, OH 44333
• 2032 Front Street, Cuyahoga Falls, OH 44221
• 800 Philadelphia Street, Indiana, PA 15701
• 2 North Church Street, West Chester, PA 19380
• 358 N Shore Drive, Pittsburgh, PA 15212

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)

The Special Asset Portfolio Manager or Analyst provides relationship management to Special Asset Officers for an assigned portfolio including 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.

• Liaison between Special Asset Officer and other departments within the bank for facilitating modifications, extensions, and covenant testing within the 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 maximize returns.
  • 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, resolving documented exceptions, preparing troubled debt restricting analysis and supporting documentation, conducting covenant tests within the assigned special asset portfolio, and monitoring/facilitating construction and general line advances within the assigned special asset portfolio.
• Utilizes advanced financial and quantitative analysis techniques to evaluate financial and related information to gauge borrower’s overall ability to repay debt and assess financial performance relative to peer companies, industry benchmarks or other standards of performance.
• Researches and accurately interprets commercial loan documentation, agreements, leases, contracts, and other technical documentation of a legal nature, identifies documentation gaps to complete a loan documentation file review for all commercial products and perfection of all types of collateral, and performs any other analysis needed by Special Asset Management or Special Asset Officers.
• Interprets and resolves complex financial problems and questions, including the identification of required variables and data sources, proper adjustment of stated financial figures, finding solutions from incomplete or fragmentary information, and following through with all appropriate calculation steps.
• Assist in the assignment of appropriate and timely risk ratings on existing borrowers, including regulatory non‑Pass ratings, which will directly influence the ACL provision and bank earnings, and defend assigned risk ratings when needed.
• Interact regularly with peers in other functional areas, managers, and customers, handling controversial situations and influencing actions that may impact schedules, departmental operations, or overall…