Special Assets Portfolio Manager

Job Description

Job Description

Summary: The Special Assets Portfolio Manager is responsible for all aspects of managing a portfolio of criticized and classified commercial loans (Special Assets). The incumbent works with the Director of Special Assets to mitigate risk, maximize recovery, and minimize losses associated with non-performing loans. The Special Assets Portfolio Manager will work closely with loan officers and credit analysts, as well as officials of lending and borrowing institutions to better secure collateral, equity, or other assets of the borrower.

Job Responsibilities:

Portfolio Management

• Manages a portfolio of criticized and classified commercial loans
• Populates the SAD Database for loans recently transferred from the line to SAD.
• Performs Credit File Reviews for loans assigned and makes recommendation to maintain, upgrade or downgrade the risk rating.
• Spreads financial statements, performs debt service calculations and pre-screens new loan requests and modifications.
• Collaborates with Special Assets Manager to retrieve updated customer information.
• Maintains contact with team to ensure all information is up to date and accurate.
• Creates and populates SAD loan work files on accounts assigned to Special Asset Managers
• Oversees and manages lower priority accounts as deemed appropriate.

Monitoring and Support

• Reviews restructured credit and repayment terms.
• Monitors monthly, quarterly, and annual reports to track progress of criticized and classified loans.
• Supports the VP, Director of Special Assets with documentation related to sales and liquidation.
• Acts as a liaison between the Commercial Credit, Commercial Lending, and Special Assets Department.

Industry and Job Knowledge

• Maintains current knowledge of OCC Regulations, local ad national economic, financial political and legislative trends.
• Maintains the ability to train new team members.

Other Responsibilities

• Performs other job-related duties as may be assigned.

Job Requirements:

• Bachelor’s degree in Finance, Accounting, Management, or related field.
• 3-5 years of related Commercial Banking and/or Commercial Credit experience.
• Effective written and verbal communication skills, both internally and externally.
• Considerable attention to detail.
• General Legal and Collections knowledge.
• Organizational skills.
• Ability to develop constructive and cooperative relationships.

Columbia Bank offers the following benefits:

• Medical, Dental, Vision and Rx which are contributory.
• Bonus programs.
• Employee Stock Option Program (ESOP).
• Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).
• Paid Time Off (PTO) which includes Personal and Vacation Time.
• Paid Sick Time.
• Bank Holidays.
• Employees may participate in the 401k program.

Schedule:

This role is eligible for a hybrid schedule; 3 days in the office and 2 days work from home based on business need.

Columbia Bank and its affiliates is an Equal Opportunity Employer, including individuals with disabilities and veterans.