Commercial Special Assets Group Manager

First Commonwealth Bank • Indiana, PA • 1d ago

Manages the staff and functions of the Commercial Special Assets and Collection departments; balancing the urgency to reduce non-performing assets and the cost of doing so in order to minimize loss. Monitors the portfolio and develops workout and rehabilitation strategies and action plans to better protect and improve the bank's position. Furthermore, this role also ensures strict adherence to SBA Standard Operating Procedures while executing effective workout strategies, including restructurings, liquidations, and guaranty purchase requests. Responsible for commercial loan restructuring, bankruptcy, foreclosure, and O.R.E.O. processes. Manages the impaired worksheet process and ensures the accuracy of the loan loss reserve. Negotiates settlements on all loan products and has the authority to release mortgages. Maintains an understanding of all laws, regulations, and codes pertaining to areas of expertise and is called upon as a subject matter expert. Analyzes and determines effective strategies to handle non-accrual, Troubled Debt Restructure (TDR), and OREO disposition quickly and responsibly. Essential Job Responsibilities Manages the staff and functions of the Commercial Special Assets and Collection departments; balancing the urgency to reduce non-performing assets and the cost of doing so in order to minimize loss.

Provides strong leadership and team management: Builds, leads, and mentors a team of workout officers and asset managers. Establishes performance expectations, workflows, and accountability metrics. Promotes a culture of urgency, accountability, and sound risk management. Responsible for reporting and governance activities: Prepares and present portfolio reviews to Executive Management, Management Credit Committee, and Board-level committees. Delivers insights on emerging risks, industry concentrations, and macroeconomic impacts on the portfolio. Recommends policy or structural changes to improve early risk identification and mitigation. Monitors the portfolio and develops workout and rehabilitation strategies and action plans to better protect and improve the bank's position.

Oversees commercial loan restructuring, bankruptcy, foreclosure, and O.R.E.O. processes.

Demonstrates sufficient knowledge and ensures strict adherence to SBA Standard Operating Procedures including SBA Compliance & Guaranty Preservation Maintains thorough working knowledge of: o U.S. Small Busines To view the full job description please use the link below. https://www.aplitrak.com/?adid=YmJnZW5lcmljLjYyNzMxLjEwODY1QGZjYmFua2luZ2NvbXAuYXBsaXRyYWsuY29t

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