Financial Recovery Rep - Sr. (SBA)

Huntington National Bank•Indianapolis, IN

6d•$70,000 - $140,000•Onsite

About The Position

The Financial Recovery Rep- Sr (SBA) develops resolution strategies for classified special-asset loans to minimize losses in the Business Banking or commercial loan portfolio. The role handles moderately large and complex loans, analyzes financial plans, negotiates collections or restructuring, and recommends or oversees litigation, liquidation, or charge-offs. It may also include coaching less experienced employees. The position manages loans through the SBA lifecycle, protects applicable SBA or USDA guaranties, and works with business-line loan officers on non-pass-rated borrowing relationships. The role is accountable for risk management, compliance, and audit performance in its area of responsibility, and helps establish and maintain controls and processes to measure, monitor, and control risk and meet compliance requirements.

Requirements

Bachelor's degree in business, finance, or accounting, or equivalent relevant work experience.
At least 3 years of experience in commercial/business banking underwriting, lending, or credit.
Excellent written and verbal communication skills.
Strong goal-achievement orientation.
Strong attention to detail and sense of urgency.
Ability and desire to provide Simply the Best Service to clients.
Ability to work independently in a deadline-driven, goal-oriented team environment.
Basic working knowledge of PC applications.

Nice To Haves

Working knowledge of SBA and USDA requirements.

Responsibilities

Develop resolution strategies for classified, substandard-risk-rated loans to minimize losses on the current loan portfolio.
Analyze financial plans; negotiate loan collection, restructuring, rehabilitation, or exit; and recommend or oversee litigation, liquidation, loan upgrades, or charge-offs.
Protect the integrity of applicable SBA or USDA guaranties by following all applicable requirements.
Manage loans through the SBA lifecycle in accordance with bank policy and applicable SBA SOPs, including verifying collateral positions and loan documentation, managing secondary-market repurchases and litigation plans, and completing SBA final wrap-up.
Work with business-line loan officers to manage non-pass-rated borrowing relationships.
Adhere to bank policies and procedures and comply with legal and regulatory requirements.
Manage risk, compliance, and audit performance for areas of responsibility.
Establish or work with management to develop effective controls and processes so risks are measured, monitored, and controlled and compliance requirements are met on an ongoing basis.
If applicable, ensure staff are properly trained, have appropriate resources, and are motivated to follow risk-management principles.
Maintain current knowledge of risk-related changes that may affect assigned areas.
Perform other duties as assigned.