Special Assets & Portfolio Manager – Evansville, IN

Department: Credit & Risk Management

Job Status: Full Time

FLSA Status: Exempt

Work Schedule: Typically M-F, 8 – 5

Location: Evansville, IN

Reports To: EVP, Credit & Risk Management

Amount of Travel Required: Periodic On-site visits required

Positions Supervised: None

POSITION SUMMARY

The Special Assets & Portfolio Manager will assist the EVP of Credit with problem asset administration, including problem assets of all regions.  Manage accounts and proactively facilitate the resolution of problem loans and other real estate owned, in a cost-effective manner.  Minimizes potential losses to the bank by identifying areas of concern, opportunities, reports on potential and/or known issues, recommends process improvements and implements solutions to existing programs in accordance with risk management objectives and corporate budgets.

The Special Assets & Portfolio Manager will also manage a small loan portfolio in Central Illinois.

ESSENTIAL FUNCTIONS

Reasonable Accommodations Statement

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable Accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

Essential Functions Statement(s)

  • Evaluate cash flow, financial position, guarantor support, and collateral position to determine most effective strategy to maximize collection amount and timeliness
  • Perform extensive analysis on business and loan risks and apply proper relationship management to either collect all balances and/or rehabilitate relationship
  • Maintain regular contact with borrowers and/or guarantor and motivate the client to perform on credit contract
  • Recommend and implement legal action, if necessary, upon default (i.e. foreclosure, levies, attachments, bankruptcies), while ensuring proper collection procedures and techniques are followed and documented in accordance with local, state and federal laws and regulations
  • Act as liaison between the bank and counsel to ensure legal process is initiated in a timely manner and will perform required actions in accordance to instructions
  • Review loan documentation and determine lien status
  • Ensure collateral is properly insured, free of delinquent taxes and preserved from hazards or damage
  • Maintain updated collection reports and account communication records on classified loans
  • Initiate timely recovery actions against charge-off loans and will establish repayment programs, negotiate settlements or legal actions in an effort to recover bank losses
  • Prepare detailed, quarterly Criticized Asset Report
  • This position will also serve as the Appraisal Review Officer and must be able to fully comprehend commercial and residential real estate appraisals in order to complete appraisal review function

This position will also Manage a small $5-$10 million-dollar loan portfolio for the Bank’s Central Illinois Branch Office with other duties including:

  • Originating new credit
  • Renewal of existing loans
  • Collection of necessary Customer financial information
  • Meeting with Customers to assess their needs
  • Performing oversight of this loan portfolio

SKILLS & ABILITIES

Education: Bachelors’ Degree in Business Administration or Finance or equivalent work experience.

Experience:

  • Must have prior experience in a commercial workout or commercial banking environment.
  • Prior experience must include direct customer contact.

Computer Skills: Must have extensive PC abilities and good working knowledge of Microsoft Office.

Work Environment: Office Environment