FRG Rep I

Huntington National Bank • Columbus, OH

2d • Onsite

About The Position

The Financial Recovery Rep develops workout strategy on classified (special asset) loans to minimize losses on a commercial loan portfolio. This position involves contacting customers with delinquent loan payments, negotiating loan collection and/or restructuring, and recommending/overseeing litigation, liquidation, and forecasting charge-offs and non-accruals.

Requirements

• Bachelors Degree or 2 additional years of experience in Lieu of degree
• 2 years of experience in liquidating assets held as collateral in a business banking and commercial loan portfolio
• High school diploma or equivalent required.
• Adhere to Policy and Procedures.
• Maintain compliance with legal and regulatory requirements

Nice To Haves

• Proven ability to handle a fast-pace environment with minimal supervision
• Prefer knowledge of US Bankruptcy laws
• Ability to identify banks position relative to potential risks associated with pursuing litigation and/or liquidation
• Ability to negotiate settlements, workouts and sale of security while adhering to state and federal regulations
• Bachelor’s degree preferred.
• Prefer a minimum of 2 years liquidating assets held as collateral in a business banking and commercial loan portfolio
• Prefer experience with Real Estate Foreclosure process
• Multi-tasking, system skills/capabilities with previous knowledge of Lotus Notes, Excel and Word.
• Previous experience with AFS / CACS / Velocity / RIMS / CARS.

Responsibilities

• Contact customers by phone to cure past due loans
• Identify reason for payment default
• Identifies position and remedies relative to bankruptcy cases
• Develops workout strategy to minimize non-accruals and charge offs.
• Increase recovery opportunities on current loan portfolio
• Document and maintain a complete and accurate record on accounts
• Establishes effective controls and processes to ensure risks are measured, monitored and controlled
• Oversees complex cases involving defense lawsuits.
• Provides direction to legal counsel and/or liquidators
• Review new legal and liquidation assignments and engages legal and or liquidation vendor to aid in recovery and loss avoidance
• Keeps abreast of risk-related law changes and legal precedent that may impact litigation or liquidation functions
• Performs other duties as assigned.

Benefits

• Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses.
• Applicants must be currently authorized to work in the United States on a full-time basis.
• Huntington is an Equal Opportunity Employer.
• Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree