Asset Finance Collections Rep III

Huntington National Bank

2d • Onsite

About The Position

Description Summary: Asset Finance Collections Rep III maximizes Equipment Finance’s return on problem accounts and equipment liquidation within its commercial lease and loan portfolio. Duties and Responsibilities: Protects the bank's Equipment Finance’s financial risk and returns by reviewing contract modifications, restructures and contract assumptions. Researches complex collection and litigation issues and problems and develops and implements workout arrangements on problem loans and leases including repossessions, legal action and liquidation of collateral. Contributes to the review, update and implementation of new procedures and practices within the Collections Department. Works closely with all levels of management, inter-departments, legal counsel and customers to ensure company objectives are being met. Assists the Collection Manager by providing coaching and mentoring to less experience members of the collection staff. Performs other duties as assigned.

Requirements

• Bachelor’s degree in business or collections experience.
• 3+ years commercial lease and loan workout and collection experience with a variety of different types of lease and loan structures.

Nice To Haves

• 5+ years customer service/collection experience
• Strong working knowledge of workout solutions and associated documentation.
• Strong working knowledge of bankruptcy and commercial law.
• Solid working knowledge of all stages of collections, insurance and bankruptcy litigation.
• Strong working knowledge of State and Federal regulations governing collection practices.
• Good working knowledge of equipment/collateral values and liquidation process.
• Strong conflict resolution, motivational, analytical/problem solving and negotiation skills.
• Works with little supervision and has the ability to prioritize and meet deadlines.
• Proactive, self-motivated, independent, results oriented.
• Proven ability to manage customer and internal relationships and make decisions that balance the customer needs with company needs.
• Ability to use independent judgment on relationships in excess of $500,000

Responsibilities

• Protects the bank's Equipment Finance’s financial risk and returns by reviewing contract modifications, restructures and contract assumptions.
• Researches complex collection and litigation issues and problems and develops and implements workout arrangements on problem loans and leases including repossessions, legal action and liquidation of collateral.
• Contributes to the review, update and implementation of new procedures and practices within the Collections Department.
• Works closely with all levels of management, inter-departments, legal counsel and customers to ensure company objectives are being met.
• Assists the Collection Manager by providing coaching and mentoring to less experience members of the collection staff.
• Performs other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees