Special Assets Officer
: Job Details :


Special Assets Officer

Citizens Bank

Location: Fredericksburg,PA, USA

Date: 2025-01-09T07:27:39Z

Job Description:
Description
  • Work directly with specifically identified problem loan relationships as relationship officer to develop and implement exit or retention strategies aimed at improving bank's collateral position and maximize bank's return.
  • Provide expertise in problem loan resolution and provide leadership, knowledge and support to the Relationship Managers and other lending and credit administration personnel. Once a problem is detected, work directly with Relationship Manager and/or Credit Officer/Analyst to fully analyze the credit, including risk exposure and loss estimates, borrower's financial condition, reason for default, willingness and ability to repay, alternate sources of repayment, underlying collateral value and market conditions.
  • Based on analysis, determine and implement appropriate work out strategy, which may include loan modification, discounted payoff/settlement, forbearance, foreclosure and/or rights enforcement/bankruptcy.
  • Develop and implement corresponding action plans, track progress and report results.
  • Manage the bank's OREO portfolio including securing the bank's interest in the property; protecting, maintaining and enhancing the value of the asset; preparing plans and budgets for the management of each property; and ultimately liquidating the property at the highest possible value.
  • Develop and maintain a personal program for maintaining an adequate level of knowledge in banking and management, and demonstrate personal and interpersonal behavior, attitude, judgment, communication and initiative with customers and employees in order to ensure an acceptable degree of performance.
Requirements
  • Thorough knowledge of commercial loan underwriting, financial analysis, lending laws, regulatory requirements and collection practices.
  • Proven track record of successfully managing problem loan and OREO portfolios.
  • Excellent negotiation and mediation skills; ability to remain calm under pressure; able to influence others and win concessions.
  • Strong collaboration skills with ability to work effectively across all levels of the organization.
  • Excellent verbal and written communication skills.
  • Ability to develop talent and expand the capabilities of individuals and teams.
  • Strong work ethic with a commitment to excellence and achieving results in a timely manner.
  • Proficient in Microsoft Office Suite and related program software.
  • Proficient with or the ability to quickly learn position-related software.
  • Ability to effectively use general office equipment.
  • Seasoned commercial credit administrator with a minimum of ten years combined experience in commercial lending, loan administration, problem loan workout and OREO management.
  • Significant experience in analyzing credit risk and structuring complex credits.
  • A four-year degree in business, finance or accounting from a recognized college or university.
  • MBA, JD with real estate expertise, or equivalent experience. (preferred)
  • Familiar with bank audit policies and procedures. (preferred)
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