Commercial Collector I

Peoples Bancorp Inc. • Gassaway, WV

49d

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 the following:
• Commercial Loans and Leases (Commercial and Industrial, Real Estate, Health Care and Energy)
• Bankruptcy
• Lending laws and risks associates with troubled credits
• State collection laws
• Foreclosure and Article 9 sale processes
• Banking regulations
• Credit approvals
• Loan documentation
• Collateral valuation
• Banking policy
• Accounting and cash flow analyses
• Must be proficient using collections software and CRM systems.
• Must possess 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.
• Bachelor's degree or equivalent work experience required.
• 5+ years commercial collection and customer service experience.
• Knowledge of banking regulations, state collection laws, and bankruptcy law.

Responsibilities

• Will identify, evaluate, and resolve commercial delinquencies and manage escalated collection matters, tailoring unique strategies and negotiating complex payment arrangements to resolve delinquent accounts.
• Responsible for reviewing and analyzing 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.
• Will 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 not limited to, actionable treatment strategies.
• Will 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.
• Responsible for managing internal and external resources to effectively control expenses.
• Will provide timely and accurate reporting to senior management.
• Will be responsible for executing duties in compliance with internal policies and procedures in addition to applicable regulatory requirements.
• Will coordinate and collaborate with attorneys to enforce rights and remedies, as necessary
• Will 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).
• Will 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, and holidays

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Number of Employees: 1,001-5,000 employees