Special Assets Officer

3 days ago Be among the first 25 applicants

Primary Office

Location:

101 Autumn Hall Dr Suite 110, Wilmington, North Carolina 28403.

Join our team. Make a difference - for us and for your future.

Position Title: Senior Special Assets Officer

Business Unit: Credit

Reports to: Manager of Special Assets

Position Overview

This position is primarily responsible for managing a loan portfolio consisting of commercial borrowers exhibiting well defined or potential weaknesses (i.e., criticized loans). Special Assets Officers develop strategies to resolve problem loans while preserving Bank capital. Also integrates with the Commercial and Business Banking teams to assist with credit management and strategies to improve the credit weakness on a consultive basis.

Transactions are generally more complex in nature and limited managerial oversight is needed.

Primary Responsibilities

• Manages an assigned portfolio of problem loans. Meets with customers and recommends strategies to improve likelihood of repayment while minimizing risk of loss to the Bank.
• Disposes of repossessed assets in an efficient and timely manner with a goal of maximizing value.
• Negotiates workout agreements with customers to protect or improve the likelihood of repayment or minimizing risk of loss to the Bank.
• Engages and directs the actions of inhouse counsel, outside counsel and other vendors in an efficient and timely manner.
• Reviews all assigned commercial loans with the Manager of Special Assets. Reviews all assigned “shadow” loan relationships with Loan Officers.
• Ensures loans are properly rated and reviewed for appropriate accrual/non-accrual status.
• Recommends specific impairments and charge offs on a timely basis.
• Reports pertinent information to the immediate supervisor as requested or according to an established schedule, compiles information as necessary or as directed and provides data to appropriate Bank personnel.
• Present problem loan strategies to the Special Attention Credit Committee in a clear and concise manner.
• Coordinates specific work tasks with other personnel within the department and with other departments.
• Responds to inquiries relating to Special Assets or requests from customers, other company personnel, etc. within given time frames and within established policy.
• Performs other related duties and projects as assigned.

Minimum Level of Education Required

BA or BS

Minimum # of Years of Job Related Experience Required

5

Skills Required

• Excellent project management skills
• Excellent communication skills, both written and verbal
• Excellent organizational, analytical and interpersonal skills
• Excellent customer service skills
• Ability to use a personal computer and job-related software
• MS Word - Intermediate Level
• MS Excel - Intermediate Level
• MS PowerPoint - Basic Level
• Experience related to Special Assets preferred and familiarity with customary loan documentation

Licensures/Certifications

N/A

Physical Requirements Or Work Conditions Beyond Traditional Office Work

N/A

Equal Employment Opportunity (EEO)

It is the policy of F.N.B. Corporation (FNB) and its affiliates not to discriminate against any employee or applicant for employment because of age, race, color, religion, sex, national origin, disability, veteran status or any other category protected by law. It is also the policy of FNB and its affiliates to employ and advance in employment all persons regardless of their status as individuals with disabilities or veterans, and to base all employment decisions only on valid job requirements.

FNB provides all applicants and employees a discrimination and harassment free workplace.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Other

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