Special Assets Officer III

Mineola, NY

About Us:

Hanover Bank, The Bank of YOU – When you love your work and the people you work with, careers are made!

Embracing diversity, valuing inclusion and showing respect are the foundation upon which we build our team. At Hanover Bank, inclusion means respecting personal beliefs and appreciating that we all have perspectives that matter. We are stronger together as we move toward a shared vision of personal and corporate growth.

Whether you are just starting out or a seasoned professional, working for Hanover Bank can launch you on a path to success. With a passion for excellence, we strive to deliver exceptional service to our clients, foster a positive impact in the communities in which we work and live and help our team members achieve their professional goals.

When you work with us you are empowered, engaged and encouraged to collaborate because every voice matters, every person counts!

Job Summary

Hanover Bank is looking for a full-time Special Assets Officer III. This position will manage a portfolio of performing, nonperforming, and charged-off problem loans ("Special Assets"), while maintaining adherence to Department, Compliance, and Bank policies. Manage directly assigned accounts as well as interact with portfolio managers in the lending units. Partake in the quarterly Asset Classification Committee in support of the Senior Special Assets Officer. Have a contributing role in assessing potential impairment for a problem loan and work closely with select outside bank counsel to ensure the bank's interests are properly represented.

Job Duties and Responsibilities

• Manages specific high-risk credits with dual goals of speedy resolution and maximizing the Bank's return, while always being sensitive to maintaining a positive and professional image for the Bank in the marketplace.
• Develop and recommend strategies for all assigned borrowers. Recommend whether the strategy is an exit, or retain, and take that strategy to the finish line.
• Provide direction, guidance, and assistance to account officers and portfolio managers in the business units with borrowers showing heightened weakness.
• As warranted, provide timely updates to the SSAO on any existing or emerging problem loans, while also preparing for the quarterly Asset Classification Committee where all executive management is to be brought fully up to date.

Education and Experience

• 5+ years of experience in loan underwriting/commercial borrower relationship management/loan portfolio management and/or portfolio analytics.
• Bachelor's degree in Finance/Accounting/Business Administration or related field preferred.

Skills and Abilities

• Excellent verbal and written communication skills.
• Excellent negotiation skills.
• Strong analytical skills.

Our Benefits:

• Medical, Dental, and Vision (including HSA, FSA & Commuter Benefits)
• Company-paid benefits to include life insurance and AD&D plus long-term disability
• Voluntary Benefits (including additional life insurance and AD&D insurance for yourself, your spouse, and/or your dependent children, Voluntary Short-Term Disability, Pet Insurance, and Legal Services)
• Supplemental Health Benefits (including Accident Insurance, Hospital Indemnity Insurance, and Cancer Care)
• Retirement- 401(k) with Company Match
• Paid Personal Time Off (PTO) & Paid Company Holidays
• Annual Bonuses
• Annual Increases
• Employee Events and Contests

Salary: $116,000 - $137,000

Hanover Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.