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Special Assets Officer
Bedminster, NJ
Job Description
Description
It is Bank policy to provide equal employment opportunity for all persons by administering recruitment, hiring, training, promotion, compensation, benefits, and transfers, for all associates without discrimination because of race, color, religion, national origin, sex, age, disability, protected veteran status, sexual orientation, gender identity or any other legally protected status. Peapack-Gladstone Bank offers reasonable accommodation in the employment process for individuals with disabilities. If you need assistance in the application or hiring process to accommodate a disability, you may request an accommodation at any time. Please contact any member of management at your nearest Peapack-Gladstone Bank office.
Equal Opportunity Employer M/F/Individuals with Disabilities/Veteran Status (EOE) (AA).
VETERAN COMMITMENT. Peapack-Gladstone Bank commits to hiring returning veterans.
- 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.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
It is Bank policy to provide equal employment opportunity for all persons by administering recruitment, hiring, training, promotion, compensation, benefits, and transfers, for all associates without discrimination because of race, color, religion, national origin, sex, age, disability, protected veteran status, sexual orientation, gender identity or any other legally protected status. Peapack-Gladstone Bank offers reasonable accommodation in the employment process for individuals with disabilities. If you need assistance in the application or hiring process to accommodate a disability, you may request an accommodation at any time. Please contact any member of management at your nearest Peapack-Gladstone Bank office.
Equal Opportunity Employer M/F/Individuals with Disabilities/Veteran Status (EOE) (AA).
VETERAN COMMITMENT. Peapack-Gladstone Bank commits to hiring returning veterans.
Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Experience
Open
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