Comml Wrk & Rcv Off
COMML WRK & RCV OFF
ONE MONARCH PLACE
This position is responsible for managing and resolving large, complex, sub and non-performing commercial, commercial real estate, business banking and residential loans by negotiating and implementing appropriate workout solutions to minimize losses and maximize recoveries. This primarily includes the review and restructure of complex commercial relationships and the liquidation of same when necessary.
Essential Job Duties:
Manage a portfolio of primarily large, complex, underperforming and non-performing commercial relationships, to include charged-off loans, through modifications, restructures, settlements, note and asset sales.
Collaborate with attorneys, consultants and other professionals in the management of assigned accounts and related legal and collateral protection expenses.
Perform collateral and financial analysis of complex commercial relationships in order to develop appropriate action plans with limited executive management assistance.
Negotiate complex workouts with borrowers and guarantors under oftentimes very stressful circumstances.
Recommend reserve allocations, charge-offs, risk rating and accrual status changes to executive management on a timely basis.
Utilize specialized knowledge of internal and regulatory policies and procedures to shadow critized loans that remain line managed, generally making all critical decisions regarding the relationship.
Insure executive management is kept well and timely informed of the status of all managed accounts.
Develop and maintain expertise in The Uniform Commercial Code, foreclosure and bankruptcy issues. Keep informed of developments and trends in the industry.
Adhere to compliance procedures and internal/operational risk controls in accordance with any and all applicable standards, requirements, and policies.
Auto req ID
College degree or equivalent work experience required.
10-15 years relevant experience.
Additional Job Requirements:
Excellent analytical and problem solving skills are needed to develop creative and effective solutions to complex workouts.
Excellent negotiation, presentation, written and verbal skills are needed to interact with internal and external customers. Ability to influence and persuade individuals, including executive management to take specific actions under difficult circumstances
Specialized knowledge of state and federal debt collection practices, bankruptcy laws, loan structuring, financial statement analysis and excellent business acumen.
Excellent ability to manage multiple priorities in a timely manner to keep the workout process moving, protect security interests and government guarantees.
Excellent PC skills are needed including word processing, spreadsheet and internal applications.
Ability to learn additional applications needed.
Ability to foster and cultivate relationships with a diverse group of individuals to drive results.
ONE MONARCH PLACE, 10TH FLOOR
Commercial Workout & Recovery Officer
P.O. BOX 4950