Senior Relationship Manager - Special Assets

First Merchants Corporation•Indianapolis, IN

52d

About The Position

First Merchants Bank is seeking a Senior Relationship Manager - Special Assets to join our team! This position is under the direction of the bank's Credit Division, develop and implement strategies for loans and other assets assigned to the Special Assets Group. Work with customers to achieve desired resolution to mitigate risk and maximize recovery to the bank. Manage an everchanging portfolio of troubled loans and report the status of each portfolio assignment to senior management no less than once per quarter.

Requirements

Bachelor's degree in business, management, or related field.
A minimum of five (5) years of experience in Special Assets, Commercial Lending or a related field.

Nice To Haves

Doctorate in Jurisprudence or master's degree in business administration.
Experience in Commercial Credit Analysis.
Experience in Special Assets Lending.

Responsibilities

Demonstrate track record as a subject matter expert in working out of one or more industries or product lines.
Actively promotes the bank's brand through involvement in trade, civic and/or other professional organizations.
Provide guidance and training to less-experienced Special Assets Relationship Managers and support personnel.
Lead loan workout strategy in terms of the bank's mission and vision Statements.
Develop sophisticated workout objectives and strategies and implement through effective negotiations with borrowers and legal counsel which align with the bank's performance objectives with minimal guidance from management.
Initiate and supervise all necessary legal action, marketing activity, and collateral preservation of assigned special assets.
Analyze borrower financial information and apply analysis in support of risk rating recommendations to bank management.
Execute the appropriate initiatives to maximize the recovery of charged-off loans.
Prepare and present problem loan reports to senior management and relationship managers.
Analyze and recommend specific reserves and loss calculations for designated special assets in conformity with the bank's policies and procedures.
Provide guidance to lenders, as required, regarding management of special assets.
Review complex legal documents and public record filings to determine the enforceability and lien position of the bank's security interests.
Analyze and apply progressively sophisticated commercial credit metrics in assessing credit quality.
Exercise superior organization and time management practices. Can simultaneously and successfully manage multiple priorities within established deadlines.
Demonstrate an ability to execute well-seasoned and balanced decision-making, focused on achieving the highest and best possible outcome relative to the bank's objectives while weighing the applicable risks.
Possess an ability to successfully manage a substantial loan portfolio in terms of size and complexity.
Possess a temperament that promotes conflict resolution with external and internal customers alike.
Possess a high degree of attention to detail. Proactively identify and correct errors and/or omissions to both internal and external documents to ensure a highly detailed work product.
Possess excellent written and verbal skills frequently required to convey abstract business concepts with a high degree of specificity.