Financial Recovery Rep - Sr. (SBA)
About The Position
The Senior Financial Recovery Representative (SBA) develops resolution strategies for classified special-asset loans in the Business Banking or commercial loan portfolio, with the goal of minimizing losses. The role works with moderately large and complex loans and may coach less experienced employees. It analyzes financial plans; negotiates collections, restructuring, rehabilitation, or exits; and recommends or oversees litigation, liquidation, loan upgrades, or charge-offs. The position manages loans through the SBA lifecycle in accordance with bank policy and applicable SBA procedures, protecting any applicable SBA or USDA guaranty. Responsibilities include verifying collateral positions and loan documentation, managing secondary-market repurchases and litigation plans, and completing SBA final wrap-up. The representative also works with business-line loan officers on non-pass-rated borrowing relationships and is accountable for risk management, compliance, and audit performance in their area of responsibility.
Requirements
- Bachelor's degree in business, finance, or accounting, or equivalent relevant work experience.
- At least 3 years of experience in commercial or business banking underwriting, lending, or credit.
- Strong written and verbal communication skills.
- Strong goal-achievement orientation.
- Strong attention to detail and sense of urgency.
- Ability and desire to provide excellent client service.
- 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 in the current loan portfolio.
- Analyze financial plans and negotiate loan collection, restructuring, rehabilitation, or exit strategies.
- Recommend or oversee litigation, liquidation, loan upgrades, or charge-offs.
- Protect the integrity of applicable SBA or USDA guaranties by following relevant requirements.
- Manage loans through the SBA lifecycle in accordance with bank policy and applicable SBA procedures.
- Verify applicable collateral positions and loan documentation integrity; manage secondary-market repurchases, litigation plans, and 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.
- Establish or work with management to develop effective controls and processes that measure, monitor, and control risk and maintain compliance.
- Maintain current knowledge of risk-related changes that may affect assigned areas.
- If applicable, ensure staff are trained, resourced, and motivated to follow risk-management principles.
- May coach less experienced employees.
- Perform other duties as assigned.
Benefits
- Health insurance coverage
- Wellness program
- Life and disability insurance
- Retirement savings plan
- Paid leave programs
- Paid holidays
- Paid time off (PTO)
- Eligibility to participate in an applicable incentive compensation plan
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What This Job Offers
Job Type
Full-time
Career Level
Senior
