AkronRecruiter Since 2001
the smart solution for Akron jobs

Special Assets Document Officer II

Company: S&T Bank
Location: Akron
Posted on: May 15, 2022

Job Description:

Irwin: 309 Main Street, Irwin, PA 15642

Akron: 491 North Cleveland Massillon Road, Akron, OH 44333

Plum: 7660 Saltsburg Road, Pittsburgh, PA 15239

Main Office: 800 Philadelphia Street, Indiana, PA 15701

Camp Hill Corp: 3314 Market Street, Camp Hill, PA 17011

Downingtown: 4 Brandywine Avenue, Downingtown, PA 19335

Work Days and Expected Hours:

Monday-Friday: 8:00 AM to 5:00 PM

(Additional hours as necessary to meet the objectives of the department).

Function: Assumes responsibility for ensuring the effective and efficient operations and risk of the Special Assets workout process.

Duties and Responsibilities:

* Coordinates the workflow for Special Assets Officers (SAOs) throughout the workout process. Maintains adequate documentation to ensure compliance of bank policy with regards to proper collection of all necessary approvals, maintenance, forms, agreements, and signatures of commercial loan documents.
* Creates and/or distributes various reports throughout the Special Assets department that are utilized by the SAOs for efficient management of the Special Assets portfolio.
* Prepares the accounting and reporting of the Other Real Estate Owned (OREO) portfolio.
* Coordinates the workflow for the management of the SOX control process within the Special Assets department to ensure compliance.
* Assists Special Asset Officers with the tracking and completion of commercial loan documentation, financial statement and financial performance covenant exceptions.
* Processes detailed wire transfers, advances and transfers for Special Assets transactions.
* Assists Special Assets Officers and customers any issues with loans, deposits and treasury management services.
* Prepares quarterly impairment analysis for collateral impaired loans for the ACL model.
* Coordinates department procedure revisions due to staffing or process changes and/or regulatory requirements. Maintains the Special Assets Policy and Procedures.
* Creates cover letters, communicates verbally or via email with special asset customers and all associated parties; including attorneys, title companies, and insurance companies involved in the workout process to resolve questions and information regarding information submitted during the workout process.
* Resolves any system and documentation issues with the special assets loans and deposit accounts by interacting regularly with peers in other areas in the bank, managers, third parties and customers.
* Manages workflow of all commercial loan documents including letters of credit, documentation of processed loan files for completeness and accuracy.
* Provides consistent, superior quality customer service to both internal and external customers that meets or exceeds S&T Bank's standards.
* Assist in training and act as a mentor to Special Asset personnel.
* Performs other responsibilities related to the Special Assets process as required.
* Maintains a good working relationship with bank employees in other departments. Demonstrates strong interpersonal skills with the ability to work independently, as well as motivated to work as a team player to contribute to the success of the department and in turn, the organization.

Physical Demands

Operates a keypad device 90% of the day. Operates electronic equipment 90% of the day. The primary parts of the body involved in performing these tasks are the fingers, thumbs, hands and wrists and elbows. Standing is required one hour a day in a straight position. Sitting is required 6.5 hour per day in a straight position. Walking is required 30 minutes per day. Must be able to use fingers and manual dexterity skills for typing, data entry, and filing on a frequent basis of 40% of the business day. Must be able to focus visually at a close distance of 18"-20" for a period of up to 40% of the business day.

Keywords: S&T Bank, Akron , Special Assets Document Officer II, Other , Akron, Ohio

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category

Log In or Create An Account

Get the latest Ohio jobs by following @recnetOH on Twitter!

Akron RSS job feeds