Director Commercial Special Assets

1 month ago

Lancaster, United States Disability Solutions Full time
Value Proposition

Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our local communities. We champion a culture of continuous learning, work-life integration, and inclusion. We promote a digitally enabled work environment to continuously enhance the experience of our employees and customers.

Overview

The primary responsibility of this position is to have management oversight of the commercial workout function for Fulton Bank. The incumbent in this position will create and communicate strategies and tactics for the department in its duties, including collection and workout activities and apply and ensure adherence to all regulatory and legal requirements.

This position has flexibility to be located at various locations within our 5 state footprint (PA, MD, NJ, DE and VA), and also offers hybrid flexibility.

Responsibilities

  • Ensures effective and efficient operation of the Commercial Special Assets focus. Maintains oversight of function managers and their responsibilities for the collection of and workout arrangement of commercial mortgage problem loans and leases including foreclosure and liquidation of assets in order to minimize financial loss for the bank.
  • Establishes goals, objectives and measurement methods for the Commercial workout function under Special Assets and develops management staff for growth through training and experience
  • Makes recommendations for department managers and direct report employees regarding employment, performance ratings, salary changes, promotions, transfers and terminations.
  • Prepares an annual budget and ensures that the department operates within its limitations.
  • Oversees function development, enhancement and monitoring processes to ensure compliance with regulatory, servicing and legal requirements including bank regulations such as Regulation X, Regulation B, Fair Lending, Community Reinvestment Act, Real Estate Settlement Procedures Act, Truth in Lending, Flood Disaster Protection Act, Unfair Deceptive or Abusive Act or Practice Compliance and Bank Secrecy Act. This also includes state laws related to collections, foreclosure and judgments.
  • Develops, reviews and recommends operating policies and procedures. Oversees the proper implementation and maintenance of approved changes.
  • Meets with bank examiners, auditors and management teams to discuss findings and necessary improvements.
  • Manages corporate nonaccrual and charge off processes for all commercial mortgage loans based on thorough analysis of borrower financial statements and information provided by the Asset Quality Rating Committees, Special Assets staff, bank management and lenders.
  • Consolidates all known charge offs and recoveries and recommends nonaccrual and charge off amounts to management.
  • Develops strategies on large criticized and classified commercial loans to upgrade or revitalize and have repaid while avoiding or minimizing loss and risk of lender liability and market reputation.
  • Ensures adherence to regulatory and accounting requirements associated with problem loans including proper recognition of nonaccrual, charge off, impairment and troubled-debt restructure (TDR) issues for the largest credits of the bank.
  • Serves on various internal committees including but not limited to the Asset Quality Rating Committee, the Credit Risk Management Committee, and the Fair Lending Committee, as well as contributes to various task forces associated with loan products or services.


Qualifications

Education

Bachelor Degree or the equivalent experience. Specialty: Business Administration or other applicable. (Required)

Experience

10 or more years management in commercial workout. (Required)

Other Duties as Assigned by Manager

This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management.

Pay Transparency

To provide greater transparency to candidates, we share base salary ranges on all job postings regardless of state. We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate's knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location.

The salary range for this position is $132,400.00 - $220,600.00 annually.

Additional Compensation Components

This job is eligible to receive equity in the form of restricted stock units. This job is eligible to participate in a short-term incentive compensation plan subject to individual and company performance.

Benefits

Additionally, as part of our Total Rewards program, Fulton Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage; flexible spending account or health savings account depending on the medical plan chosen; dental and vision insurance; life insurance; 401(k) program with employer match and Employee Stock Purchase Plan; paid time off programs including holiday pay and paid volunteer time; disability insurance coverage and maternity and parental leave; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about your potential eligibility for these programs, please visit Benefits & Wellness | Fulton Bank.

EEO Statement

Fulton Bank ("Fulton") is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status.

Sponsorship Statement

As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.

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