What are the responsibilities and job description for the Special Assets Relationship Manager II position at bankatfirst?
We do the right things, right now. We do them in a way that is relevant to our clients. Become a part of our history as it continues to be written! If you are interested and qualified for this role, we invite you to apply. The Special Assets Relationship Manager handles all aspects of a portfolio of adversely rated credit relationships for the purpose of preserving loan principal, collecting interest, and preventing loans from being charged off. Facilitates and develops action plans for the restructure, litigation, recovery, or exit strategy for downgraded credits to minimize exposure, mitigate risks and maximize asset recovery. Essential Functions/Responsibilities Responsible for the daily management of assigned commercial loan portfolio, which includes developing strategies and implementing those strategies to bring the problem loan to a satisfactory resolution within a reasonable time frame. Interacts with commercial borrowers, who are experiencing financial difficulties. Negotiate specific terms and conditions for substandard/non-performing loans; obtain additional/sufficient assets to collateralize loans; and restructure credit facilities to minimize risk. Coordinate the preparation, review and execution of loan documents and agreements. Monitor status of assigned portfolio to ensure compliance with action plans and terms and conditions of agreements. Obtain and review financial statements, perform financial analysis, and monitor collateral; take appropriate remedial action when needed. Coordinate the collection of financial statements, collateral valuations, business plans, and general business information to maintain the accuracy and timeliness of customer data and financial condition. Responsible for portfolio management, consistent review of loan file and status, ensuring that borrower is in compliance with terms and conditions. Managing delinquencies. Managing credit exceptions. Managing covenants. Credit file management. Collection of financial information. Prepares and presents Problem Loan Reports to management. Assists in the preparation of Credit Approval Memos and/or financial analysis. Advises market lenders as to strategies for resolving credit issues/problem borrowers still managed by the market. Market lenders manage problem credits also, so part of the responsibility is working with them in an advisory role. Manages and coordinates foreclosure actions through outside attorneys. Manages interaction with attorneys, receivers, appraisers, auctioneers. Adheres to Bank Policies. Minimum Knowledge, Skills, and Abilities Needed to Perform Essential Functions of the Job Bachelor’s degree. 2 years of proven special assets or commercial credit experience. Credit training, credit quality and underwriting fundamentals experience; including financial analysis required. Excellent interpersonal, written and verbal communication and presentation skills. Excellent organizational skills and ability to handle and prioritize multiple tasks. Well-developed analytical and problem-solving skills. Ability to work effectively with individuals and groups in and managing relationships. Preferred Knowledge and Skills Level of Complexity and Scope Depending on the loan, the level of complexity will vary but most will be simple to moderately complex. Deal Type Focus – Small Business, Business Banking and some small Core C&I clients in both C&I and CRE. Has the ability to work more complex transactions with guidance from Managers. Degree of Independence and Decision-Making Follows established policies and guidelines. Responsible for developing resolutions and strategies for final approval at established approval levels. Collaborates with manager and other team members. Required Supervisory Responsibilities Physical Requirements Occasionally lifts and carries up to 50 lbs. Frequently lifts and carries up to 10 lbs. Frequently sits, stands, walks and drives. Compliance Statement The associate is responsible for meeting all compliance requirements imposed on First Financial Bank by State and Federal law and regulation, as well as all related First Financial Bank policies and procedures. This includes all Bank Secrecy Act, Anti-Money Laundering, OFAC and Suspicious Activity reporting requirements, as well as all other lending and deposit compliance requirements. Development and Training Benefits We have relevant, thoughtful benefits and programs that support every aspect of our associates' holistic wellbeing. Please review our Benefits Guide. Incentive Eligibility All roles are incentive eligible with the exception of Co-Op, Intern, or Student positions. It is our policy to not discriminate against any individual in violation of federal, state, and local laws as it relates to age, race, color, religion, national origin, sex, marital status, pregnancy, gender identity, disability, sexual orientation, genetic information, veteran/military service, or any other characteristic protected by law. We are an E-Verify Employer. At first financial bank, our mission is clear: to be the best bank to do business with, the best place to work, and the best financial partner for our shareholders and the communities we serve. We believe that how we work is just as important as what we achieve. That’s why we’re guided by core values that shape everything we do: Doing the right thing Teamwork Mutual respect Wellbeing Excellence Our success starts with our people. We know that when our associates are talented, engaged, and supported, they create outstanding results. If you're looking to be part of a team that values integrity, inclusion, and collaboration—and where your growth matters—you’ll find your future here.
