Asset Recovery Officer-Senior

City National Bank of Florida • Miami, FL

9d

About The Position

The Asset Recovery Officer-Senior is responsible for the resolution of problem loans, management of litigation relating to collection matters, and management and disposition of OREO portfolio in order to minimize losses.

Requirements

• 5-7 years of Lending, Asset Recovery or Loan Workout experience.
• 5-7 years of loan underwriting and documentation experience.
• Well-developed knowledge of Commercial, Real Estate and Consumer lending credit structure and loan policy.
• Strong credit analytical skills.
• Strong analytical, critical thinking and problem solving skills.
• Strong financial analysis skills.
• Experienced at interacting with clients, bank counsel, third party service providers.
• Strong negotiation skills and the ability to work effectively under adverse conditions.
• Strong presentation and communication skills to include both verbal and written skills.
• Proficiency with both Excel and PowerPoint.
• Highly motivated, self-driven individual who can think strategically, operate independently and take accountability for the function.
• Ability to motivate, influence and collaborate with others both internally and externally.
• Ability to multi-task in a fast paced environment.
• Bachelor's Degree in Business, Finance, or related field
• An equivalent combination of education and/or relevant professional experience may be considered in lieu of a degree.

Nice To Haves

• Formal credit training preferred.
• Paralegal certification preferred.

Responsibilities

• Analyzes loans and determines the most effective method for maximizing financial recovery.
• Collect, prepare, and analyze business and personal financial statements to administer a turnaround solution or exit strategy of complex credit relationships.
• Assess the credit quality of a relationship to determine the overall performance and associated risk and make recommendations for grading, accrual status, or loss recognition.
• Negotiates with debtors or their representative and other creditors to secure appropriate workout arrangements.
• Establishes and implements repayment plans, monitors compliance with the plan.
• Negotiates settlements.
• Inspects, evaluates, protects and disposes of collateral.
• Pursues post judgment collection.
• Provides advice and assistance to lending personnel regarding expedient identification and evaluation of deteriorating loan situations in order to recognize problem loans early and minimize losses.
• Assigns matters to legal counsel providing supporting documentation and information.
• Responds to and signs off on requests for production, interrogatories and affidavits.
• Attends hearings, depositions, trials and foreclosures sales.
• Monitors litigation and reviews/approves legal bills.
• Recommends loans for charge-off or non-accrual.
• Directs loan operations on processing payments.
• Prepares and disseminates information on the status of matters being handled.
• Communicates regularly with senior management.
• Coordinate with legal, audit, and credit/loan policy departments, as necessary, to ensure compliance of negotiated workout agreements.
• Prepare and present loan portfolio status updates and reports as required.
• May act as a team lead and mentor.
• May orient, train or review the work of lower level workout specialists.
• Performs other related duties as required.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level