S&T Bank · 4 hours ago
Special Assets Portfolio Manager III
Akron Building
Full-time
Hybrid
Mid, Senior Level
$55K/yr - $149K/yrS&T Bank is a financial institution seeking a Special Assets Portfolio Manager III to manage a portfolio of commercial loan workout relationships. This role involves providing comprehensive support to borrowers, conducting financial analysis, and collaborating with Special Asset Officers to mitigate risk and enhance portfolio performance.
BankingFinancial ServicesWealth Management
Responsibilities
Liaison between Special Asset Officer and Other Departments within the Bank for facilitating modifications, extensions, and covenant testing within designated special asset portfolio
Perform annual reviews for client relationships within the assigned special asset portfolio
Attend client calls with Special Asset Officers to gain a thorough understanding of the client’s business and effectively assist in ongoing credit risk management of the relationship
As a trusted partner, the Special Asset Portfolio Manager or Analyst will provide constructive and regular feedback to Special Asset Officers to ensure sound relationship quality
Conduct site visits and document vacancy / occupancy, as well as, general property conditions via notes and photographs
Monitor credit performance of client portfolios and alert Special Asset Officers and Management to changes that may require action to ensure risk mitigation, minimize potential losses and maximum returns. Including but not limited to:
Facilitating the collection and spreading of financial statements
Analyzing collateral quality
Monitoring line usage and supporting documents such as: accounts receivable / payable aging reports and inventory reports for concentration risk, aged accounts and inventory
Performing lease analysis for potential rent roll down / expirations / vacancy
Comparing actual performance to pro-formas / projections
Monitoring various credit risk reports
Preparing Criticized Asset Reports and periodic credit file memos
Resolve any documented exceptions
Preparing troubled debt restricting analysis and supporting documentation
Conduct covenant tests within the assigned special asset portfolio
Monitor / facilitate construction and general line advances within the assigned special asset portfolio
Utilizes advanced financial and quantitative analyses techniques to evaluate financial and related information to gauge borrower’s overall ability to repay debt as well as to assess financial performance relative to peer companies, industry benchmarks or other standards of performance. In addition, these techniques will be used to analyze to borrower’s capital structure and bank’s documentation to determine restructure options for complex, diverse and adversely graded credits which will assist to design and implement comprehensive strategies to either exit or retain relationship
Researches and accurately interprets commercial loan documentation, agreements, leases, contracts, and other technical documentation of a legal nature. Identifies the documentation gaps to complete a loan documentation file review for all commercial products and perfection of all types of collateral. Perform any other analysis needed by Special Asset Management or Special Asset Officers
Interprets and resolves complex financial problems and questions, including the identification of required variables and data sources, proper adjustment of stated financial figures, finding solutions from incomplete or fragmentary information, and following through with all appropriate calculation steps
Assist in the assignment of appropriate and timely risk ratings on existing borrowers, including regulatory non-Pass ratings, which will directly influence the ACL provision and bank earnings. Defends assigned risk ratings when needed
Interacts regularly with peers in other functional areas, managers, and customers. Interactions may involve controversial situations or trying to influence actions. Decisions can result in critical delays in schedules or departments operations or jeopardize overall business objectives
Maintains a good working relationship with Bank employees in other departments. Demonstrates strong interpersonal skills with the ability to work independently, as well as motivated to work as a team player to contribute to the success of the department and in turn, the organization
Provides guidance and oversight to Special Asset Portfolio Manager I or II. May conduct training on an “as needed” basis. Will be involved with the development of Special Asset Department procedures and methodologies
Assumes additional any other analysis, job duties and responsibilities as assigned
Qualification
Required
Provides relationship management to Special Asset Officers for an assigned portfolio including of a 15 - 20 commercial loan workout relationships with an average size of >$5MM with diverse scope and complexity
Draw on prior analytical and commercial loan experience to provide comprehensive support to existing Borrowers within the assigned adversely graded special asset portfolio
Liaison between Special Asset Officer and Other Departments within the Bank for facilitating modifications, extensions, and covenant testing within designated special asset portfolio
Perform annual reviews for client relationships within the assigned special asset portfolio
Attend client calls with Special Asset Officers to gain a thorough understanding of the client's business and effectively assist in ongoing credit risk management of the relationship
Provide constructive and regular feedback to Special Asset Officers to ensure sound relationship quality
Conduct site visits and document vacancy / occupancy, as well as, general property conditions via notes and photographs
Monitor credit performance of client portfolios and alert Special Asset Officers and Management to changes that may require action to ensure risk mitigation, minimize potential losses and maximum returns
Facilitate the collection and spreading of financial statements
Analyze collateral quality
Monitor line usage and supporting documents such as: accounts receivable / payable aging reports and inventory reports for concentration risk, aged accounts and inventory
Perform lease analysis for potential rent roll down / expirations / vacancy
Compare actual performance to pro-formas / projections
Monitor various credit risk reports
Prepare Criticized Asset Reports and periodic credit file memos
Resolve any documented exceptions
Prepare troubled debt restricting analysis and supporting documentation
Conduct covenant tests within the assigned special asset portfolio
Monitor / facilitate construction and general line advances within the assigned special asset portfolio
Utilize advanced financial and quantitative analyses techniques to evaluate financial and related information to gauge borrower's overall ability to repay debt
Research and accurately interpret commercial loan documentation, agreements, leases, contracts, and other technical documentation of a legal nature
Identify the documentation gaps to complete a loan documentation file review for all commercial products and perfection of all types of collateral
Interpret and resolve complex financial problems and questions
Assist in the assignment of appropriate and timely risk ratings on existing borrowers, including regulatory non-Pass ratings
Interact regularly with peers in other functional areas, managers, and customers
Maintain a good working relationship with Bank employees in other departments
Demonstrate strong interpersonal skills with the ability to work independently, as well as motivated to work as a team player
Provide guidance and oversight to Special Asset Portfolio Manager I or II
Conduct training on an 'as needed' basis
Be involved with the development of Special Asset Department procedures and methodologies
Assume additional any other analysis, job duties and responsibilities as assigned
Company
S&T Bank
S&T Bank was founded in 1902 as “Savings & Trust Company of Indiana” with a single location in Indiana, Pennsylvania.
Founded in 1902
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown1992-04-24IPO
Leadership Team
Chris McComish
Chief Executive Officer
Bill Kametz
Executive Vice President, Deputy Chief Credit Officer
Recent News
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