Salary Range: $85, 000 - $97, 000

PRIMARY RESPONSIBILITY:

The Special Assets Officer is primarily responsible for assisting in managing a portfolio of distressed commercial and residential loans and recommend appropriate workout action plans. In addition, responsibilities include assisting the Credit Administration Manager with managing third-party audits as well as monitoring the overall credit quality of the portfolio.

ESSENTIAL FUNCTIONS:

Special Assets:

• Assist in the management of a portfolio of criticized loan relationships consisting of multiple loan types and complexity mitigating GRB’s risk.
• Review and analyze loan documentation, financial statements to assess risk and the adequacy of repayment sources for recovery.
• Develop, recommend and implement workout/liquidation strategies for problem loans including past due, and sub performing to mitigate risk and maximize recovery.
• Detect early warning signs, loan inherent deficiencies, and communicate problem assets to the Credit Administration Manager.
• Assist in the management of delinquent consumer loans.
• Manage daily loan delinquency reports.

• Loan monitoring for expiration dates, risk rating changes, and maturing loans.
• Maintain constructive interaction with clients, and lines of business.
• Assist Credit Administration Manager in preparing the materials for Asset-Liability Committee (ALCO) and Classified Loan Action Plan (CLAP) meetings.
• Assist Credit Administration Manager with quarterly reporting and ad-hoc reporting as needed.

General Duties:

• Lead ad-hoc projects and other duties assigned by the Credit Administration Manager.
• Active participation and demonstrating skills and abilities in the GRB Experience.
• Keep up to date on Bank Policies, Laws and Regulations that govern commercial lending.

EDUCATION AND EXPERIENCE:

Bachelor’s degree in business-related discipline (MBA highly preferred) plus a minimum of 3 years’ commercial banking experience in underwriting, credit analysis, loan review and/or loan workout.

• Demonstrated experience in commercial and residential loan workouts.
• Demonstrated ability to conduct financial statement analysis.
• Demonstrated ability to meet multiple deadlines and manage a variety of projects with deliverables.

COMPETENCIES:

• Provide a remarkable client experience.
• Lead by example. Identify current or potential problems, take ownership and see them through to resolution.
• Act as a unified team. Possess strong interpersonal skills including the ability to proactively communicate with and help others, within and across departments.
• Ability to work independently. Seek and incorporate feedback on your performance from management, coworkers and clients.
• Demonstrated PC literacy.
• Ability to be a self-starter, and work independently to achieve goals
• Excellent problem-solving and analytical ability.
• Represent bank in professional and friendly manner.
• Ability to handle confidential information with tact and discretion.

WORK ENVIRONMENT:

The work environment is an indoor, climate-controlled office setting. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential job functions.

Genesee Regional Bank is an equal opportunity organization. We recruit, employ, train, compensate, and promote without regard to race, religion, color, national origin, age, sex, disability, veteran status, or any other basis protected by applicable federal, state, or local law.

THIS JOB DESCRIPTION IS SUBJECT TO CHANGE AT ANY TIME.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.