Special Assets Officer III

Job description

Location: 800 Philadelphia Street Or: 2 North Church Street 491 North Cleveland-Massillon Road 2032 Front Street 309 Main St. 358 North Shoe Drive Pittsburgh, Pa 15212 Hours: Monday - Friday 8AM-5PM (Additional hours as necessary to meet the objectives of the department) Function: Responsible for the effective management of a portfolio of 15 - 20 commercial loan workout relationships with an average size of >$2.5MM with diverse scope and complexity. Ensures timely resolution of transactions while preserving principal, obtaining fee income and expense reimbursements. Establishes action plans with specific resolution target dates and promptly conveying recommendations on adjustments for risk ratings, loss recognitions or write offs and accrual status. Loan approval authority of $5MM workout only. Uses professional knowledge, experience, and analytical criteria to make decisions and acts independently to determine methods and procedures on new assignments. Duties and Responsibilities: 1. Effectively manages an assigned portfolio of commercial loan workout relationships. May work closely with officials of both lending and borrowing institutions to develop feasible, timely workout strat...