Financial Recovery Representative II (Default Services)

Huntington National Bank•Akron, OH

1d•Onsite

About The Position

Financial Recovery Representative IIs in Default Services manage a portfolio of substandard Business Banking loans, working with customers, attorneys, and liquidators to exit borrowers who are unable to maintain their relationship with Huntington National Bank. The role develops strategies to minimize losses, resolves problem loans, and recommends or oversees collection, restructuring, litigation, and liquidation actions. The representative also identifies appropriate risk ratings, accrual status, and losses; evaluates workout scenarios; and communicates data-driven results to upper management in a time-sensitive environment. The position is accountable for risk management, compliance, and audit performance within its area of responsibility, and helps establish effective controls and processes to measure, monitor, and control risks and meet compliance requirements. The role maintains knowledge of relevant risk-related changes and performs other duties as assigned.

Requirements

High school diploma or GED.
At least 3 years of experience in commercial or business banking underwriting, lending, credit, and/or appraisal.
Currently authorized to work in the United States on a full-time basis; Huntington will not sponsor applicants for immigration benefits.

Nice To Haves

Bachelor's degree in Business, Finance, or Accounting.
Excellent written and verbal communication skills.
Strong goal-achievement orientation.
Strong attention to detail and sense of urgency, and a desire to provide excellent client service.
Ability to work independently in a deadline-driven, goal-oriented team environment.
Basic working knowledge of PC applications.
Knowledge of bankruptcy laws.
Ability to negotiate settlements, workouts, and sales of security while adhering to state and federal regulations.
Experience with the real estate foreclosure process.
Previous experience with AFS, Velocity, RETS, or CARS.
Strong working knowledge of SBA loans and associated workout processes to ensure compliance with SBA Standard Operating Procedures.
Working knowledge of exit strategies involving bankruptcy, closed businesses, legal remedies, and liquidation.

Responsibilities

Manage a portfolio of substandard Business Banking loans and work with customers, attorneys, and liquidators to exit borrowers who cannot maintain their relationship with the bank.
Develop litigation and/or liquidation strategies for classified Financial Recovery-managed loans up to $500 million to minimize losses on a Business Banking portfolio.
Present action-plan summaries and exit strategies for problem loans to Financial Recovery Group senior management.
Analyze financial plans, negotiate loan collection or restructuring, and recommend or oversee litigation and liquidation to reduce exposure.
Identify appropriate risk ratings, accrual status, and losses; address workout scenarios; and communicate data-driven results to upper management in a time-sensitive environment.
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 to measure, monitor, and control risks and ensure compliance.
Maintain current knowledge of risk-related changes that may affect assigned areas of responsibility.
Perform other duties as assigned.