Back to Jobs search

Special Assets Manager

QNB Bank • Quakertown, PA • 5h ago

The Special Assets Manager will efficiently track and manage QNB's Special Assets. Negotiate

with borrowers and legal counsel to formulate options to rehabilitate, restructure or settle loans

in compliance with the Bank's Loan Policies, regulations and laws. Oversee the collection efforts

for the Bank's various loan portfolios, including commercial and retail.

GENERAL DUTIES AND RESPONSIBILITIES:

? Identify warning signs of potential problem loans, assist in the assignment of credit

ratings and make recommendations to management on credit related issues.

? Ascertain the current status of relationships via review and analysis of financial

information, loan documentation, credit reports, etc.

? Negotiate with borrowers and legal counsel to assess and formulate options available to

create a resolution which minimizes the probability of further credit deterioration and/or

the loss of principal, interest and expenses.

? Provide recommendations to senior management regarding action to be taken in

connection with the objectives outlined above. Oversee the implementation and

management of the selected courses of action.

? Monitor accounts within the portfolio, including but not limited to periodically

investigating compliance with contractual obligations, such as taxes, insurance coverage,

lien positions, etc.

? Manage the collection process from identification to resolution, including foreclosure, if

necessary. Responsible for overseeing the effective collection of all past due loans within

the Bank's various loan portfolios.

? Serve as back-up to the Loss Mitigation Specialist.

? Prepare and distribute regular activity reports to Senior Management and Regulatory

agencies, as requested.

? Manage and supervise employees of the Special Assets/Collections Department.

? Oversee and facilitate the insurance claims process for loan customers to ensure

protection of the Bank's collateral.

? Comply with and monitor changes to the required collection procedures for the SBA and

Government Sponsored Enterprises (i.e. FHLMC & FHLB) to ensure compliance.

? Attend Bank foreclosure sales and administer Bank-owned property (i.e. obtain insurance

coverage, show property to prospective buyers, list property with realtor, follow up on

maintenance concerns, attend closings, etc.)

? Manage the maintenance, repair, security and disposal of properties obtained through

foreclosure.

? Coordinate and lead the monthly Delinquency and quarterly Special Asset Committee

meetings. Review and approve the minutes for the meetings and ensure distribution to the

appropriate individuals.

? Document collection efforts in the Bank's customer relationship management or core

processing system, as appropriate.

? Ensure legal documentation, correspondence, invoices, etc. are saved in the appropriate

digital files.

? Submit invoices from attorneys and vendors for payment.

? Responsible for the annual budget of the Special Assets Department.

? Track and provide the information necessary to the appropriate departments for

preparation of IRS forms 1099-C (Cancellation of Debt) and 1099-A (Abandonment of

Collateral) to mail to the respective customers.

? Serve as back-up for the appraisal process as needed.

? Complete assigned compliance training in a timely manner and demonstrate the ability to

apply training to their duties and responsibilities including their supervision of other

employees.

? Comply with the Bank's policies and procedures; ensure departmental procedures are

kept up to date.

? Comply with all State, Federal, and local laws as well as Bank regulations.

? Assume additional job-related duties as required.

REQUIRED TRAINING, EXPERIENCE AND EDUCATION:

? Must have a minimum of five years of Workout and/or Commercial Lending experience.

? Understanding of loan and legal documents and related terminology.

? Knowledge of laws and regulations, including the Fair Debt Collection Practices Act.

? Understanding of accounting and financial statements.

? Familiarity with third party reports including appraisals, property condition reports, etc.

? Strong risk assessment and negotiations skills.

? Ability to multitask in a fast-paced environment.

? Strong communication and interpersonal skills, both written and oral, to represent the

Bank in a positive and professional manner.

? Proficiency with Microsoft Office suite.

Similar Jobs

Senior Manager - Global Logistics - 5008

Lutron Electronics Co., Inc. • Center Valley, PA • 1h ago

Management & Administrative

Lutron Electronics Company, Inc Senior Manager - Global Logistics US-PA-Center Valley Job ID: 2026-5008 # of Openings: 1 Category: Corporate Operations Lutron - Annex Overview Lutron Electronics is seeking a proactive, s...

1h ago

Go to Apply

Branch Manager

QNB Bank • Quakertown, PA • 5h ago

Management & Administrative

Join QNB Bank as a Branch Manager at our Allentown Office, where you will lead a dynamic team dedicated to unparalleled customer service. This onsite position provides an exciting opportunity to influence branch operatio...

5h ago

Go to Apply

Customer Service Center Representative (Call Center)

QNB Bank • Quakertown, PA • 5h ago

Management & Administrative

FUNCTION: The Customer Service Center Representative is responsible for providing exemplary customer service to incoming callers through various delivery channels, including the telephone and internet. GENERAL DUTIES AND...

5h ago

Go to Apply

Sales Administrative Assistant

Aston Carter • Horsham, PA • 6h ago

Management & Administrative

Job Title: Sales Administrative AssistantJob Description The Sales Administrative Assistant supports the Sales and Marketing teams by managing customer communications, maintaining CRM and ERP data, preparing quotes, and...

6h ago

Go to Apply

Senior Territory Sales Manager-Building Industry

Henkel • King Of Prussia, PA • 6h ago

Management & Administrative

Senior Territory Sales Manager-Building Industry Adhesive TechnologiesSalesVarious locationsFull TimeRegular About this Position At Henkel, you can build on a strong legacy and leading positions in both industrial and co...

6h ago

Go to Apply

Human Resources Coordinator

Mission Critical Group • Harleysville, PA • 6h ago

Management & Administrative

Company Description Mission Critical Group (MCG) is an end-to-end power solutions and services provider that accelerates time-to-power and delivers scalable, resilient infrastructure for mission critical environments. By...

6h ago

Go to Apply

AR Clerk

Robert Half • Allentown, PA • 7h ago

Management & Administrative

Description Position Overview: Our client is seeking a detail-oriented Accounts Receivable Specialist to support their finance team. This role will focus on managing AR functions, handling daily banking activity, and per...

7h ago

Go to Apply

Plant Manager - CS0216

Silgan Containers • Breinigsville, PA • 7h ago

Management & Administrative

Silgan Container Plant Manager, Briengsville, PA Silgan Containers is seeking an experienced Plant Manager to lead operations at our Briengsville, Pennsylvania, manufacturing facility. This position reports to the Direct...

7h ago

Go to Apply

Operations Manager for 911 - Northampton County EMS

Northampton County • Nazareth, PA • 9h ago

Management & Administrative

GENERAL PURPOSE The Operations Manager for 911 position works in conjunction with the Deputy Director for 911 Operations in the areas of project coordination, policy recommendations, procedure development, communications...

9h ago

Go to Apply

Manufacturing Manager

Mission Critical Group • Harleysville, PA • 17h ago

Management & Administrative

17h ago

Go to Apply

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