Principal - Special Assets

Atlantic Union Bank•Richmond, VA

About The Position

Corporate Financing Advisory Services is responsible for supporting the capital markets and investment banking function in achieving client financing objectives, by providing expert advisory services and structuring financial solutions. Activities may include: Analyzing corporate financial needs, Advising on capital raising strategies, Facilitating mergers and acquisitions, and managing relationships with investors and financial institutions. Special Assets is responsible for managing, restructuring, and resolving problem loans, distressed assets, and other underperforming credit exposures. Activities may include: Monitoring asset performance, Developing remediation strategies, Negotiating workout solutions, Mitigating losses, Supporting portfolio risk management, Other duties as assigned.

Requirements

Bachelor's Degree required; equivalent combination of education and experience may be considered.
Typically requires 6 - 8+ years prior experience, with deep knowledge of job area.
Subject matter expertise in commercial loan workouts, distressed asset management, bankruptcy, foreclosure/repossession processes, and other legal remedies available to the Bank.
Advanced knowledge of commercial lending, credit administration, loan servicing, and related policies and procedures.
Demonstrated ability to independently manage complex credit relationships, workout strategies, and recovery efforts with limited management oversight.
Working knowledge of SBA loan workout requirements and procedures.
Strong problem-solving, decision-making, negotiation, communication, organizational, and relationship management skills.
Results-oriented with the ability to exercise sound judgment in challenging situations.

Responsibilities

Manages a portfolio of criticized and classified loans, developing and executing workout strategies to minimize delinquency, charge-offs, and loss exposure.
Evaluates problem loan relationships, develops recommendations for resolution, negotiates repayment arrangements with borrowers or their representatives, and monitors adherence to approved agreements.
Oversees bankruptcy, foreclosure, repossession, and other recovery activities, including the management and disposition of acquired assets.
Ensures assigned assets are appropriately risk rated and reserved, and recommends accrual status changes and charge-offs on a timely basis.
Provides guidance to lending staff regarding the identification, evaluation, and resolution of deteriorating credit situations to minimize losses and maximize recoveries.
Communicates with Relationship Managers and senior management, providing reporting, analysis, and recommendations as required.
Maintains compliance with applicable laws, regulations, policies, and training requirements.