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Overview

* This position offers location flexibility and may be based at our Corporate Headquarters in Ithaca, NY, or at one of our regional offices in Batavia, NY; Brewster, NY; Wyomissing, PA; or Plymouth Meeting, PA. *

Responsible for enterprise-wide management of the Bank’s asset recovery activities. This includes oversight and responsibility for consistent implementation of Tompkins asset recovery strategies across all Markets. Enterprise Special Asset Recovery Manager is responsible for ensuring all Tompkins Asset Recovery Managers executes strategies to achieve Bank goals that are established in conjunction with Enterprise Wide and Market Leadership. Management of credit risk, including input on new lending decisions, shadowing of assets showing early signs of deterioration and direct management of assets which present heightened levels of risk to the Bank are key functions of this position. This position is responsible for ensuring the special assets portfolio is managed in compliance with regulatory requirements, Bank policies and procedures, Bank strategy and risk appetite. Position reports to the Enterprise Credit Administration Officer.

Responsibilities

Enterprise Special Asset Recovery Manager:

+ Provide leadership over the Bank’s Special Asset Recovery activities. This position will be responsible for ensuring the Bank’s asset recovery strategies are implemented consistently across all Markets.

+ Position will work collaboratively with Market based Presidents, Senior Lenders, Senior Credit Officers, and Special Asset Recovery Managers to develop and implement effective workout strategies.

+ Collaborate with the Enterprise Credit Administration Officer and CPC Working Group to ensure Tompkins has contemporary asset recovery practices and associated loan policies.

+ Facilitate Workload distribution from an Enterprise Perspective, managing special asset volume to teammates with capacity while maintaining Tompkins values including commitment to our communities.

+ Position will attend all Market Based Action Plan meetings and contribute to asset recovery strategies.

+ Position will function as liaison and communicate significant events in Asset Recovery to Finance and Accounting teams, maintaining regular communication on any assets that impacts financial performance.

+ Position will provide periodic reports on Special Assets to groups including Credit Policy Committee, Credit Oversight Committee, and CECL Committee.

+ Maintain a working knowledge of loan compliance and regulatory requirements to ensure Special Asset activities maintain enterprise-wide compliance.

+ Maintain working knowledge of industry best practices and lending standards, provide strategic insight to Bank management.

+ Measure asset recovery progress against corporate objectives. Identify deviation and develop action plans to address them.

Position includes the responsibilities of a Market based Special Asset Recovery Manager including a dual reporting line to the CNY Bank Market Leadership:

+ Manage the Market’s Special Assets Portfolio to achieve established goals, pursue and achieve the most favorable economic outcome available to the Bank, maintain alignment with risk appetite, minimize reputational risk and maintain alignment with regulatory requirements through the following responsibilities:

+ M anagement of criticized and classified loan portfolio, OREO and direct responsibility , oversight and recovery of charged off loans and troubled consumer and residential loans.

+ Shadow Relationship Manager on relationships where a material weakness is emerging , and enhanced monitoring is required .

+ Conduct thorough loan documentation reviews of troubled credits to determine level of documentation risk and follow through on appropriate steps to mitigate risks.

+ Conduct examination of collateral , order new collateral valuations as needed, in addition to third party reports . T his position will independently assess asset valuations to assess collateral position and establish if shortfall exists in collateral dependent situations.

+ Work with Finance and Credit Administration Division Manager to determine if a specific reserve needs to be taken on any distressed asset.

+ Establish work out strategies to maximize economic return based on collateral, guarantees, and maintain proper risk ratings . Compile data on criticized/classified loans, for regular reports to senior management and the Board of Directors including collection activities, trends and strategies.

+ Prepare complete action plans and lead quarterly action plan meetings for all criticized/classified loans and make appropriate recommendations .

+ Assist with reviews of past-due and criticized loan reports, supervisory examination reports, and other sources of information for possible downgrading of deteriorating situations.

+ Maintain an accurate picture of the overall credit and regulatory risks associated with the loan portfolio; keep the Board of Directors and management informed on an ongoing basis.

+ Implement strategies to achieve goals assigned to the Special Asset Recovery M anager as established by Market leadership .

+ Cooperate with, participate in, and support the adherence to all internal pol icies, procedures, and practices in support of risk management and overall safety and soundness.

+ Ensure that the department and all personnel adhere to established operating policies and procedures along with outside regulatory requirements.

+ Regularly attend and participate in Officers Loan Committee and Board Meetings.

+ Communicate with the Board Audit , Division Manager, other department managers, and appropriate staff personnel in order to integrate goals and activities.

+ Provide periodic reports to the Board, Audit, Finance, Independent Loan Review and Regulators, Division Manager and other groups as required throughout the Company.

Qualifications

+ Bachelor’s degree in a related field; specialized lending and loan review education and training.

+ Minimum of fifteen (15) years' credit risk experience including at least 5 years of special asset management.

+ Proficient interpersonal relations and communicative skills

+ A thorough knowledge of bank lending principles, policies, and practices; proficient financial statement analysis skills

+ Knowledge of current lending and collection laws and regulations.

+ Demonstrated management and supervisory skills.

Benefits

+ Medical

+ Dental

+ Vision

+ 401(k) Match

+ Profit Sharing

+ Paid Time Off

+ 11 Holidays

+ Tuition Reimbursement

+ Free Parking throughout Tompkins Community Bank

+ Employee Referrals

EEO Statement

Tompkins is committed to a policy of Equal Employment Opportunity ("EEO") with respect to all team members and applicants for employment and a work environment free from discrimination (including unlawful harassment) based on race, color, religion, sex, sexual orientation, transgender status, gender non-conformity, gender identity, gender expression, national origin, age, marital status, domestic violence victim status, disability, predisposing genetic characteristics, military or veteran status or status in any group protected by federal, state, or local law.

For more information, please click here. (https://jjk-ecomm-llpmc-prod.s3.us-east-2.amazonaws.com/posters/federal/FED-E-B-EEOC-FMLA-POLY\_49654.pdf)

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Pay Range

USD $150,000.00 - USD $180,000.00 /Yr.

Bonus/Incentive Plan

This position includes participation in a performance-based cash incentive plan. May also be eligible for Equity Grants.