5 Jobs in Bedminster, NJ
Peapack Gladstone Bank is Hiring a Special Assets Officer Near Bedminster, NJ
- Primary contact for both internal and external communications for the loans in the assigned portfolio, including ongoing monitoring and developing and recommending collection strategies to mitigate credit losses to the Bank.
- Manage Consumer, Community Banking and SBA problem loans and develop and recommend workout and work-through strategies.
- Engage and direct the actions of outside counsel and other vendors in an efficient and timely manner.
- Evaluate collateral, loan documentation and financial information to determine borrower’s ability to repay and deficiencies in documentation or collateral.
- Monitor the borrower’s workout plan and account activities to ensure timely repayment and to maximize collection; addressing problems as they occur to avoid unnecessary delays or future collection issues.
- Directly involved in activities necessary to foreclose on residential and commercial real property held as collateral as well as the liquidation of non-real property assets.
- Assess and report risk rating, nonaccrual and troubled loan modification issues as well as provide advice and counsel to lending units.
- Make recommendations regarding accrual of interest, impairment/establishment of specific reserves, and charge-offs.
- Prepare and maintain quarterly criticized asset reports.
- Attend and participate in watch portfolio reviews and risk committee meetings.
- Assist in the calculation and documentary support of the Bank’s Allowance for Loan Loss provision and methodology.
- May perform credit review and analysis of pass grade and new credits as needed including more frequent/periodic monitoring of Consumer, Community Banking and SBA credits where needed.
- Manage special projects relating to the credit administration process.
- Prepare recurring and special reports on an accurate and timely basis.
- Effectively communicate with Regulators, Auditors and Credit Risk Review vendors.
Job Summary
Full Time
Banking
$74k-109k (estimate)
04/15/2023
06/25/2024
pgbank.com
BEDMINSTER, NJ
200 - 500
1921
Public
DOUGLAS L KENNEDY
$200M - $500M
Banking
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About Peapack Gladstone Bank
Peapack-Gladstone Bank is a financial institution that provides commercial and personal banking products and services for individuals and businesses.
The job skills required for Special Assets Officer include Leadership, Time Management, Futures, Products and Services, etc. Having related job skills and expertise will give you an advantage when applying to be a Special Assets Officer. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Special Assets Officer. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Special Assets Officer positions, which can be used as a reference in future career path planning. As a Special Assets Officer, it can be promoted into senior positions as a Risk Modeling Senior Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Special Assets Officer. You can explore the career advancement for a Special Assets Officer below and select your interested title to get hiring information.
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