Commercial Collector I

Peoples Bank • Marietta, OH

14h • Onsite

About The Position

This position will be responsible for commercial loan and lease collections and related servicing. Will devise and execute effective collection strategies designed to efficiently resolve commercial delinquency, mitigate risk, and ameliorate recoveries while minimizing expense and maintaining excellent customer service. The position requires the candidate have strong negotiating skills, with the ability to interact confidently and effectively with senior leaders of prominent national corporations.

Requirements

• Bachelor's degree or equivalent work experience required.
• 5+ years of related experience in commercial collections or as a loan officer, workout banker, credit analyst, or underwriter.
• Working knowledge of Commercial Loans and Leases (Commercial and Industrial, Real Estate, Health Care and Energy)
• Working knowledge of Bankruptcy
• Working knowledge of Lending laws and risks associates with troubled credits
• Working knowledge of State collection laws
• Working knowledge of Foreclosure and Article 9 sale processes
• Working knowledge of Banking regulations
• Working knowledge of Credit approvals
• Working knowledge of Loan documentation
• Working knowledge of Collateral valuation
• Working knowledge of Banking policy
• Working knowledge of Accounting and cash flow analyses
• Proficient using collections software and CRM systems.
• Highly developed interpersonal skills.
• Strong attention to detail with organizational skills.
• Thorough underwriting, accounting and cash flow analytic skills.
• Developed listening, problem solving and time management skills.
• Ability to clearly and succinctly communicate with proper grammar (excellent written, oral and presentation skills).
• Ability to work independently and properly prioritize duties with minimal guidance/supervision but also be a team player to ensure departmental goals are achieved.
• 5+ years commercial collection and customer service experience.
• Knowledge of banking regulations, state collection laws, and bankruptcy law.

Responsibilities

• Identify, evaluate, and resolve commercial delinquencies and manage escalated collection matters, tailoring unique strategies and negotiating complex payment arrangements to resolve delinquent accounts.
• Review and analyze loan or lease documents, payment histories, past dues, collateral and inspections, monetary compliance/defaults, covenant(s) compliance, financial statement reporting, maturities, forbearance agreements, bankruptcy, and other legal proceedings.
• Initiate collection calls and resolve delinquencies while demonstrating proper phone etiquette, written and verbal communication skills.
• Maintain current and accurate records of all collection related communications and activities, including but limited to, actionable treatment strategies.
• Devise and execute effective collection strategies. Recommend workout solutions and/or loan or lease modifications, implement orderly liquidation/exit or rehabilitation plans, manage foreclosures, replevin actions and repossessions.
• Collaborate with line of business partners to ensure proactive risk management and devise and implement strategy for delinquency reduction and over all asset quality improvement.
• Manage internal and external resources to effectively control expenses.
• Provide timely and accurate reporting to senior management.
• Execute duties in compliance with internal policies and procedures in addition to applicable regulatory requirements.
• Coordinate and collaborate with attorneys to enforce rights and remedies, as necessary.
• Handle administrative functions as needed for the Specialty Finance or Special Assets Departments, including but not limited to, preparation of correspondence (notices of default, demand, reservation of rights, etc).
• Perform special projects as assigned.

Benefits

• 401(k) retirement plan with an employer match
• Employee stock purchase plan
• Various education assistance programs such as student loan and tuition paydown/reimbursement
• Paid vacation
• Paid holidays

What This Job Offers

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