Financial Recovery Rep 2

Huntington National Bank•Waterloo, IA

18h•Onsite

About The Position

Financial Recovery Rep 2s will manage a portfolio of substandard Business Banking loans, working with customers, attorneys and liquidators to gently exit borrowers unable to maintain their relationship with HNB. Duties and Responsibilities: Develops a litigation and or liquidation strategy on classified (financial Recovery-managed) loans up to $250M to minimize losses on a Business Banking portfolio Presents a summary of action plans to resolve the problem loans to FRG senior management specific to exit strategies Analyzes financial plans, negotiates loan collection or restructuring, and recommends/oversees litigation, liquidation to reduce exposure Identifying appropriate risk ratings, accrual status and losses, address workout scenarios, communicates data driven results to upper management in a time sensitive environment Adheres to bank policies and procedures and complies with legal and regulatory requirements Accountable for risk management, compliance and audit performance for area(s) of responsibility whether a supervisor, manager or individual contributor Establishes or works with management to develop effective controls and processes to ensure risks are measured, monitored and controlled and compliance requirements Maintains current knowledge of risk-related changes that may impact assigned area(s) of responsibility Performs other duties as assigned

Requirements

Bachelor's Degree or equivalent experience
A minimum of 3 years of experience in commercial/business banking underwriting, lending, credit and/or appraisal required

Nice To Haves

Bachelor's Degree in Business, Finance, or Accounting
Excellent written and verbal communication skills
Strong goal achievement orientation
Strong attention to detail, sense of urgency, and ability and desire to provide Simply the Best Service to our clients are key in this position
Ability to work independently in a deadline driven and goal-oriented team environment
Basic working knowledge of PC applications
Knowledge of bankruptcy laws
Ability to negotiate settlements, workouts and sale of security while adhering to state and federal regulations
Experience with Real Estate Foreclosure process
Previous experience with AFS / Velocity / RETS / CARS
Strong working knowledge of SBA loans and the associated workout process to ensure compliance with SBA Standard Operating Procedures
Working knowledge of exit strategies including bankruptcy, closed business, legal remedies and liquidation strategies

Responsibilities

Develops a litigation and or liquidation strategy on classified (financial Recovery-managed) loans up to $250M to minimize losses on a Business Banking portfolio
Presents a summary of action plans to resolve the problem loans to FRG senior management specific to exit strategies
Analyzes financial plans, negotiates loan collection or restructuring, and recommends/oversees litigation, liquidation to reduce exposure
Identifying appropriate risk ratings, accrual status and losses, address workout scenarios, communicates data driven results to upper management in a time sensitive environment
Adheres to bank policies and procedures and complies with legal and regulatory requirements
Accountable for risk management, compliance and audit performance for area(s) of responsibility whether a supervisor, manager or individual contributor
Establishes or works with management to develop effective controls and processes to ensure risks are measured, monitored and controlled and compliance requirements
Maintains current knowledge of risk-related changes that may impact assigned area(s) of responsibility
Performs other duties as assigned