Role OverviewResponsible for managing the Loan Workout & Recovery department, including managing and restructuring large, complex and adversely-graded problem loans, and assisting the Workout Team in managing all the loans and repossessed assets assigned to the Workout department.
What You Will Do
Manages and provides guidance to less experienced loan workout specialists, collaborates with various Bank personnel to review and restructure credit and repayment terms, and leads high-stakes negotiations with borrowers.
Why It Might Be a Fit
Requires strong analytical skills to assess financial conditions, effective negotiation abilities, and the ability to meet specific deadlines in a fast-paced environment.
Requirements
- Eight (8) years of experience preferred or equivalent experience in a related field preferred.
- Minimum of six (6) years loan workout experience in banking, real estate or other financial institution required.
- Management and supervisory skills required.
- Experience overseeing auctions and the liquidation of collateral.
- Experience with bankruptcy, real estate, and state collection laws.
- Experience with foreclosures, managing and selling real estate.
- Working knowledge of banking regulations, credit approvals, loan documentation, collateral valuation, and banking policy.
- Strong analytical skills to assess financial conditions and identify viable restructuring solutions.
- Effective negotiation abilities are essential.
- Understands loan accounting systems.
- Computer user proficiency with Microsoft Office (Word, Excel, Power Point).
- Self-starter, good organization.
- Ability to meet specific deadlines.
- Ability to handle multiple tasks in a fast-paced environment.
- Analytical and problem-solving skills with attention to detail.
- Strong written and verbal communication skills.
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