FRG Rep I
Huntington National Bank•Detroit, MI
•Onsite
About The Position
The Financial Recovery Rep develops workout strategy on classified (special asset) loans to minimize losses on a commercial loan portfolio. Position is contacting customers with delinquent loan payments, negotiating loan collection and/or restructuring, and recommending/overseeing litigation, liquidation and forecasting charge off and non-accrual.
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
- Applicants must be currently authorized to work in the United States on a full-time basis.
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
- Flexible work arrangement
- In-office and work from home
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
