Financial Recovery Rep III (Government Guaranteed)
About The Position
The Financial Recovery Representative III (Government Guaranteed) position is full-time and is responsible for developing a workout strategy on business banking loans. Duties and Responsibilities: Develop a workout strategy on classified (special asset) loans. Responsible for analyzing financial plans, negotiating loan collection or restructuring, and recommending/overseeing litigation, liquidation or the charge off of a loan. Work with loan officers to manage the borrowing relationship and participate in loan watchlist preparation and review. Adhere 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. Establish or work with management to develop effective controls and processes to ensure risks are measured, monitored and controlled and compliance requirements are adhered to on an on-going basis. If applicable, ensures staff is properly trained, provided with appropriate resources and motivated to adhere to risk management principles. Maintain current knowledge of risk-related changes that may impact assigned area(s) of responsibility. Perform other duties as assigned.
Requirements
- Bachelor's Degree in Business, Finance, or Accounting
- 7+ years of experience in commercial or business banking underwriting, lending, or credit
- Basic working knowledge of PC applications.
Nice To Haves
- Prior government guaranteed lending or loan restructuring experience.
- Excellent written and verbal communication skills.
- Strong goal achievement orientation.
- Strong attention to detail, sense of urgency, and the ability and desire to provide exemplary service to our clients.
- Ability to work independently in a deadline driven and goal oriented team environment.
Responsibilities
- Develop a workout strategy on classified (special asset) loans.
- Analyze financial plans, negotiate loan collection or restructuring, and recommend/oversee litigation, liquidation or the charge off of a loan.
- Work with loan officers to manage the borrowing relationship.
- Participate in loan watchlist preparation and review.
- Adhere to bank policies and procedures and comply with legal and regulatory requirements.
- Be accountable for risk management, compliance and audit performance for area(s) of responsibility.
- Establish or work with management to develop effective controls and processes to ensure risks are measured, monitored and controlled and compliance requirements are adhered to on an on-going basis.
- Ensure staff is properly trained, provided with appropriate resources and motivated to adhere to risk management principles.
- Maintain current knowledge of risk-related changes that may impact assigned area(s) of responsibility.
- Perform other duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
