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ACNB Bank Special Assets Manager

Company: Frederick County Bank
Location: Gettysburg
Posted on: September 22, 2022

Job Description:

This position is responsible for managing the Bank's Special Assets function and potential loan losses by overseeing the workout and liquidation of problem loans, including the identification and reporting of delinquent loans, impaired loans and/or troubled debt restructurings.

KEY RESPONSIBILTIES:

* Monitoring and managing all loan delinquency;
* Ensuring compliance with operating policies and procedures and outside regulatory requirements;
* Communicating with and interfacing with other departments and management personnel;
* Maintaining appropriate records and providing periodic reports to management and the Board of Directors;
* Represents the Bank in complex collection negotiations;
* Develops relationships with borrowers to better understand their business and the issues impairing their ability to honor their loan obligations;
* Works with borrowers, CPAs and consultants to remediate accounts that are positioned for retention but need close supervision;
* Communicates with legal counsel to effectuate collection efforts;
* Compiles data, monitors and recommends workout strategies for problem loans in consultation with the Commercial Lending & Revenue Officer and Chief Credit & Operations Officer;
* Chairs meetings of the Special Assets Committee
* Manages Other Real Estate Owned (OREO) to safeguard non-performing assets and effectively liquidate the collateral;
* Reviews past-due and criticized loan reports, loan review reports and other sources of information for possible downgrading of deteriorating credits;
* Monitors and reports loan delinquency, non-performing assets and charge-offs to management and the Board Loan Committee;
* Consults with commercial loan officers to evaluate troubled loan relationships. Interfaces with the Chief Credit & Operations Officer and Regional Commercial Lending Managers on specific loan situations and potential problem credit;
* Attends Officers Loan Committee meetings as a voting member and attends Watch List Committee meetings;
* Oversees collection of delinquent loans; assists in the resolution of retail problem credits;
* Assists external auditors in performing their reviews;
* Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g. Community Reinvestment Act (CRA), Equal Credit Opportunity Act, etc., as well as ensures that the department and all personnel adhere to the same.: and,
* Supervising assigned personnel.

QUALIFICATIONS:

Required:

* A high school diploma or GED;
* A thorough knowledge of Bank loan products, principles, policies and procedures;
* Proficient financial statement analytical skills;
* Moderate knowledge of current lending regulations;
* Moderate reading, writing, and grammar skills;
* Proficient mathematics and analytical skills;
* Proficient communicative and interpersonal relations skills;
* Demonstrated management and supervisory skills;
* Proficient computer skills including a thorough knowledge of Microsoft Word, Excel and Outlook;
* Visual and auditory skills; and,
* A valid driver's license.

Preferred:

* A B.S. or B.A. degree in a related field of study;
* A minimum of five (5) years' experience in related lending or loan workout positions;
* Specialized bank lending or credit education and training.

ACNB Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, genetic information or any other characteristic protected by law.

Keywords: Frederick County Bank, Ellicott City , ACNB Bank Special Assets Manager, Executive , Gettysburg, Maryland

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