AAG Asset Manager II
AAG Asset Manager II
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Job Description
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
Manage and maximize return on a portfolio of CSBB Small Business Criticized and Classified loans in accordance with Bank policy procedures and strategic goals.ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed both major and minor which are not mentioned below. Specific activities may change from time to time.
1. Manage a portfolio of CSBB Small Business problem loans including those with complex credit structures in CSBB.
2. Negotiate effective resolution plans with borrowers in accordance with an appropriate case strategy. Negotiations may require working with external legal counsel. They may also incorporate credit analysis when a modification or forbearance is considered. Asset Manager will drive recommendations that address the accrual status loan to value (LTV) as well as Bank policy and regulatory guidance to mitigate and reduce losses to the Bank.
3. Independently complete underwriting of borrowers/guarantors for renewal/modification in order to justify accrual status risk rating or adequacy of collateral.
4. Prepare accurate and thorough credit request packages for co-approval or exercise individual loan authority when applicable.
5. Manage relationships with Small Business Banking Service Delivery and/or external counsel used in development drafting execution and enforcement of documentation needed to achieve workout goals. Work closely with clients Relationship Managers and external counsel when appropriate to ensure loan closings are completed in an accurate and timely manner.
6. Work effectively with partners such as SBDS Support Specialist and Commercial Fulfillment Specialist to ensure all client-related documentation is sound and any issues are resolved in an accurate and timely manner.
7. Provide accurate and timely monthly forecasting for non-performing assets and charge-offs.
8. Complete reporting as required for impairment analysis accrual justification CCAR and Criticized Loan Asset Reports (or equivalent).
9. When required work cooperatively and effectively in a consultative or shadowing role with teammates from other Business Lending Units throughout the Bank in order to assess and mitigate risk.
10. Keep abreast of changing Bank policy and procedures as well as business and economic developments which impact the loan portfolio and banking in general.
QUALIFICATIONS
The requirements listed below are representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Required Qualifications:
1. Bachelors degree in business finance or banking or comparable education and related training.
2. A minimum of 4 years commercial banking loan workout or equivalent experience.
3. Superior negotiation communication interpersonal financial analysis and problem solving skills. Ability to deliver messages and interact effectively in a sometimes tense or adversarial environment.
4. Demonstrated proficiency in basic computer applications such as Microsoft Office software products.
Preferred Qualifications:
1. Masters degree in business administration finance or banking.
2. 5 years of experience in commercial banking loan workout and/or relationship management.
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits though eligibility for specific benefits may be determined by the division of Truist offering the offers medical dental vision life insurance disability accidental death and dismemberment tax-preferred savings accounts and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment along with 10 sick days (also prorated) and paid holidays. For more details on Truists generous benefit plans please visit our Benefits site. Depending on the position and division this job may also be eligible for Truists defined benefit pension plan restricted stock units and/or a deferred compensation plan. As you advance through the hiring process you will also learn more about the specific benefits available for any non-temporary position for which you apply based on full-time or part-time status position and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race gender color religion citizenship or national origin age sexual orientation gender identity disability veteran status or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the LawPay Transparency Nondiscrimination Provision E-Verify
Required Experience:
Manager
Employment Type
Full-Time
