Back to Jobs search

Special Assets Officer III

S & T Bank • Irwin, PA • 6h ago

Reference #: R-909

Work Hours:

Monday - Friday

8:00am - 5:00pm

(Additional hours as needed to fulfill the needs of the department).

Function:

Responsible for the effective management of a portfolio of 15 - 20 commercial loan workout relationships with an average size of >$2.5MM with diverse scope and complexity. Ensures timely resolution of transactions while preserving principal, obtaining fee income and expense reimbursements. Establishes action plans with specific resolution target dates and promptly conveying recommendations on adjustments for risk ratings, loss recognitions or write offs and accrual status. Uses professional knowledge, experience, and analytical criteria to make decisions and acts independently to determine methods and procedures on new assignments.

Duties and Responsibilities:

Effectively manages an assigned portfolio of commercial loan workout relationships. May work closely with officials of both lending and borrowing institutions to develop feasible, timely workout strategies; restructuring credit and repayment terms, better securing collateral or establishing recourse to other borrower assets.

Coordinates with tax, legal, audit, and credit/loan policy departments as necessary to ensure compliance of negotiated workout agreements, with established company policies and regulatory agencies ordinances.

Coordinates the enforcement of banks rights and remedies if negotiated workout plan proves not feasible and/or further default ensues. May work closely with counsel, loan recovery, turnaround professionals, court appointed receivers, and others in enforcement proceedings, seeking to maximize the recovery of nonperforming assets. Attend bank judicial proceedings as required. Coordinate and establish liquidation value of bank collateral in conjunction with liquidators, appraisers and other professionals.

Prepares management reporting and maintain credit file documentation. Timely recommend risk rating adjustments as needed, updating loan loss recognition, and required accruals. Monitor covenant compliance, ensures required financial reporting, and resolve e any documented exceptions.

Monitors the collection and ensures the correct application of recovered funds. Coordinate the proper implementation of workout plans with loan review, accounting, and other relevant departments.

Interacts regularly with peers in other functional areas, managers, and customers. Interactions may involve controversial situations or trying to influence actions. Erroneous decisions can result in critical delays in schedules or departments operations or jeopardize overall business objectives.

May orient, train, or review the work of lower level workout analysts.

Maintains a good working relationship with bank employees. Demonstrates a strong ability to work as a team player to contribute to the success of the branch and in turn, the organization.

Performs other related duties as required.

Education:

Requires a four-year degree. Degree in Accounting, Business Administration or Finance preferred.

Experience:

Requires 10 plus years directly related work experience (including 5 plus years workout and 5 plus years lending).

Physical Demands: Operates a keypad device 30% of the day. Operates office equipment 5% of the day. Operates personal vehicle 5% of the day. The primary parts of the body involved in performing these tasks are the fingers, hands, thumb, wrists, elbow, legs, lower, and upper torso and feet. Sitting is required 90% of the day in a leaning position. Walking is required 10% of the day, which is slow in speed. Performs repetitive movements for typing up to 30% of the business day. Specific vision requirements include close vision of 18"-20" for computer work. Business travel is required to meet customers, attorneys, and consultants (usually same day travel). Potential exists for threat of physical harm due tothe nature of the job.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Salary Range:

$65,000.00 - $154,000.00

EEO/AA Minority/Female/Disability/Veteran

Similar Jobs

Field Service Technician A

Hitachi Energy • Mount Pleasant, PA • 2h ago

Management & Administrative

Reference #: R0089002 The Opportunity Are you ready to power up your career with Hitachi Energy? Join our dynamic team as a Field Service Technician, where you'll be at the forefront of innovation and sustainability. In...

2h ago

Go to Apply

Field Service Technician B

Hitachi Energy • Mount Pleasant, PA • 2h ago

Management & Administrative

Reference #: R0088999 The Opportunity Are you ready to power up your career with Hitachi Energy? Join our dynamic team as a Field Service Technician, where you'll be at the forefront of innovation and sustainability. In...

2h ago

Go to Apply

Co-op/Intern: Global Logistics/Transportation (Summer 2026)

MSA Safety Inc. • Murrysville, PA • 5h ago

Management & Administrative

MSA, The Safety Company Co-op/Intern: Global Logistics/Transportation (Summer 2026) US-PA-Murrysville Requisition ID: 2025-9095 Type: Temporary of Openings: 1 Category: Co-Op/Intern Overview: Are you someone who is passi...

5h ago

Go to Apply

Customer Service Associate

Walgreens • Greensburg, PA • 6h ago

Management & Administrative

Job Description: Models and delivers a distinctive and delightful customer experience. Registers sales on assigned cash register, provides customers with courteous, fair, friendly, and efficient checkout service. Custome...

6h ago

Go to Apply

Administrative Assistant

BEACON HILL SOLUTIONS GROUP, LLC • Mckeesport, PA • 2d ago

Management & Administrative

Beacon Hill was founded to set a new standard in search, career placement and flexible staffing. Local organization in Mckeesport in search of an Administrative Assistant to join their growing team! Searching for an indi...

2d ago

Go to Apply

HUB Americas Material Management Leader

Hitachi Energy • Mount Pleasant, PA • 3d ago

Management & Administrative

Reference #: R0084975 The Opportunity Are you a strategic thinker with a passion for operational excellence? Hitachi Energy is looking for a Hub Material Management Leader to drive end-to-end supply chain performance acr...

3d ago

Go to Apply

Field Service Engineer (Boston)

Hitachi Energy • Mount Pleasant, PA • 3d ago

Management & Administrative

Reference #: R0084715 Opportunity Hitachi Energy is seeking a Field Service Engineer to join our brilliant team, within this booming industry. Basic Function: Plan, execute and lead, with minimal professional guidance, t...

3d ago

Go to Apply

Field Service Engineer (Atlanta / John's Creek)

Hitachi Energy • Mount Pleasant, PA • 3d ago

Management & Administrative

Reference #: R0084714 Opportunity Hitachi Energy is seeking a Field Service Engineer to join our brilliant team, within this booming industry. Basic Function: Plan, execute and lead, with minimal professional guidance, t...

3d ago

Go to Apply

Administrative Assistant

CCA SOLUTIONS INC. • Greensburg, PA • 3d ago

Management & Administrative

CCA Solutions is searching for an individual who has customer service experience and is willing to learn additional job responsibilities. Administrative tasks, include but are not limited to, answering the phone in a pro...

3d ago

Go to Apply

International Sales Support Manager - Cheswick, PA

VITRO Flat Glass, LLC • Cheswick, PA • 3d ago

Management & Administrative

Reference #: 5001141514606 Back International Sales Support Manager 25-206 | Posted 08/07/2025 Cheswick, Pennsylvania, United States Apply Apply for this job now! Apply Job Description Vitro is the largest glass manufact...

3d ago

Go to Apply

Subscribe to get new jobs sent directly to you
(no charge, cancel anytime)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.